The overall trend of the domestic DMC market is slightly weak, with an average price maintained at 12700 yuan/ton, which is basically the same as the previous trading day. On the cost side, due to the dual impact of geopolitical instability and typhoon weather disruptions on imported cargo unloading delays, methanol prices have shown an upward trend in the short term. Previously, individual companies often adopted a strategy of offering discounts to promote shipments, and some downstream companies took the opportunity to replenish inventory appropriately, which temporarily boosted the trading atmosphere. However, this recovery did not continue, and the game between buyers and sellers remained evident. Currently, upstream individual enterprises are facing a situation where equipment maintenance and restart are intertwined, and the overall operating rate of the industry is about 60%. Some manufacturers have a strong willingness to take orders, but downstream markets still hold a bearish sentiment towards the future, leading to a cooling of the trading atmosphere for new orders at the beginning of the week. Purchasing parties tend to consume their previous inventory or maintain a wait-and-see attitude. From the perspective of comprehensive supply and demand and cost, the market is intertwined with long and short factors. Against the backdrop of a decrease in enthusiasm for replenishing downstream inventory and a coexistence of willingness to stabilize upstream prices, it is expected that DMC market prices will mainly fluctuate in a stable to weak manner in the short term.
On July 10th, Jiangsu Keqiang New Materials Co., Ltd. announced the termination of the original "High performance Flame retardant Shed Cloth and Sealing Material Production Project" and the use of the remaining raised funds of 119.9619 million yuan (approximately 120 million yuan) for the "Annual Production of 500000 square meters of Special High performance Organic Silicon Rubber Products New Project (Phase I)". This strategic adjustment aims to respond to environmental changes in the photovoltaic industry and expand new growth points in the high-end manufacturing sector.
According to the storage situation of the company's raised funds, as of June 30, 2026, the balance of the raised funds special account was 63232579.74 yuan, and the balance of using idle raised funds to purchase large denomination certificates of deposit was 60 million yuan. Keqiang Corporation stated that significant changes in the market environment of the original project were the main reason for this adjustment. Since the implementation of the project, the operating environment of the global and domestic photovoltaic industry has continued to be under pressure, and the industry's capacity expansion rate has significantly exceeded the growth rate of terminal demand. The core links have shown a serious overcapacity pattern. Affected by factors such as fluctuations in the global trade environment and the decline of overseas subsidies, downstream market demand growth has continued to fall short of expectations, and industry homogenization competition has intensified, resulting in significant operational and profitability uncertainties for existing photovoltaic related businesses and proposed investment projects. The company has long focused on the research and development, production, and sales of special high-performance rubber products. It has now formed four core product matrices: train windshield canopy fabric, silicone panels for photovoltaic module laminating machines, rubber sealing components for storage tanks, and lightweight rubber conveyor belts. Through years of deep cultivation, the company has accumulated mature material formulas, precision molding, and structural design technologies, with the ability to produce on a large scale and stable customer resources. The company has a solid foundation in technology, production, and market, which can support business iteration, upgrading, and cross scenario expansion. At the same time, the company is optimistic about the market opportunities brought by the rapid development of the high-end manufacturing industry. The demand for high-precision, high stability, and high safety polymer and rubber functional materials continues to grow in fields such as consumer electronics, aerospace, and medical devices. The high-end materials market has broad market space, better profitability, and outstanding growth potential. The company has established a medium - to long-term development strategy of "vertically deepening core areas and horizontally extending application scenarios", and this adjustment is an important measure for the implementation of the strategy.
On July 11th, Xingfa Group held a work summary meeting for the first half of 2026, reviewing the work of the first half of the year and deploying tasks for the second half. Li Guozhang, Secretary of the Party Committee and Chairman of the Group, presided over the meeting.
The meeting pointed out that 2026 is a crucial year for the start of the Group's "15th Five Year Plan" and the anchoring of "100 billion yuan development and world-class". Faced with multiple pressures such as fluctuations in the chemical market, rising raw material prices, and fluctuating demand, Xingfa Group adheres to the principle of "expanding the market externally and strengthening internal management", and has delivered impressive results: in the first half of the year, the entire group achieved sales revenue of 34.681 billion yuan, profits and taxes of 2.12 billion yuan, taxes and fees paid of 1.279 billion yuan, and foreign exchange earnings from exports of 765 million US dollars. The overall development is stable with progress, achieving a good start to the "15th Five Year Plan". For the second half of the year, Li Guozhang has deployed five key points: firstly, adhering to the main line of "focusing on production, reducing costs, and promoting sales" to improve quality and efficiency; Secondly, accelerate the construction of major projects and cultivate industrial growth; Thirdly, we will deepen internal reforms, promote staff reduction and efficiency improvement, and reduce internal conflicts in management; Fourthly, strengthen bottom line thinking and strictly control risks in areas such as safety and environmental protection; The fifth is to build a learning oriented team and precisely cultivate compound talents. At the meeting, the group leaders gave presentations and deployments on the group's operations, technological innovation, and the work and operation of the joint-stock company. The meeting requires all staff to unify their thinking, consolidate their responsibilities, and make every effort to achieve the annual goals.