The peak season in March was not prosperous, and DMC, raw rubber and 107 rubber returned to 20000+

In March, the silicone market suffered a rebound from the decline, and the last two weeks ended with a wide decline. At the beginning of this month, the mainstream monomer factory closed, leading to the continuous sharp rise in the bidding of Shandong monomer factory. On March 5, it rose to the peak of 39500 yuan / ton this month. Unexpectedly, it was very cold at the height three days later, and turned to the downward correction. The bearish mentality of the middle and lower reaches rose, the follow-up of the mainstream monomer factory was invalid, and the amount of orders received was scarce. In mid June, the epidemic in many places made a comeback, the suspension of production and shutdown in the middle and lower reaches and terminals was prominent, the market bearish mentality became more and more firm, and the new single trading basically stagnated. After the launch of the mainstream plant in Shandong, the market of the new plant plunged sharply, and the single plant opened the market at the same time. As of March 31, the mainstream quotation of domestic DMC was 26500-28000 yuan / ton; Compared with 37000-37200 yuan / ton at the beginning of the month, down 26.55%. Raw rubber, 107 rubber and mixed rubber have returned to the era of 20000 + one after another.


On April 1, after repeated declines, the decline of silicone may come to an end just after the start of goods preparation. However, considering that the new production capacity of individual units is still improving, the epidemic affects the circulation of goods, the bad news has not been exhausted, and the market still has the risk of moving down, so it still needs to be considered when entering the market. It is expected that the market will have a week to go out of direction in repeated shocks after the festival.


Dow announced global capacity expansion to meet the growing demand for mobile technology

Midland, Michigan, USA, on March 30, 2022, Dow's official website released the latest news: in order to actively respond to the transformation and growth trend in the global transportation field, it announced to continue to increase investment, expand global production capacity, and develop smarter, safer and more sustainable technologies, so as to improve the stable market supply capacity in this field.


In 2022, the company will participate in a series of key growth capital projects conducive to the transportation market. At Dow's Zhenchuan plant in South Korea, investment is being made for the development of injectable silicone optical technology to further help the transformation and upgrading of transportation, industrial lighting and other fields in the Asia Pacific region. Dow Chemical also plans to make additional investment in Midland, Songjiang and Zhangjiagang this year.


Since 2021, Dow Chemical has successively made key investments in North America, Asia and Europe, aiming to solve the growing market demand for new technologies in the global mobile and transportation industry. In Midland, Michigan, Dow expanded its fluorosilicone rubber production capacity by installing a new rubber mixer, and added a liquid silicone rubber mixer production line in Zhangjiagang, China. Two new mixer production lines for heat conduction technology are also added in Songjiang silicone factory. In order to further support the high demand for electric vehicles in Europe, a new mixer production line for heat conduction technology has been launched in Wiesbaden, Germany.