After a wave of replenishment, we can see that the inventory of the enterprises in the middle and lower reaches is sufficient, mainly to maintain the delivery of orders and digest the inventory, and the market focus has gradually shifted to the demand side, and the single factory has also returned to the stable price situation. At the same time, the price of raw materials at the cost side has tended to rise steadily in the near future. Yesterday, 421 # silicon metal was quoted at 18500~19300 yuan/ton, continuing the situation of partial rise, which has some support for the price increase of the monomer factory. At present, the mainstream price of DMC is 17300~17800 yuan/ton, and the monomer factory arranges orders to the end of the month. In the short term, the supply and demand are relatively balanced, and the market is still maintaining upward correction. The DMC market maintains stable and small rise.


Raw rubber market: DMC is stable, and the price of raw rubber is also stable at the same time. This week's mainstream quotation is 18000~18300 yuan/ton. The price is still at a low level, and some raw rubber plants that use more for their own use are reluctant to sell at a low price. However, after two waves of stock preparation before and after the festival, the rubber blending enterprises have abundant stocks. After seeing the market stable, they are slightly wait-and-see and cautious about the raw rubber. However, the pre-sale order of raw rubber factory is sufficient in the near future, and there is still a period of delivery. The inventory pressure is not high, and the attitude of price fixing is firm. It is expected that the raw rubber will be mainly stable and small this week.


Mixed rubber market: the price of raw rubber is stable, and the mixed rubber enterprises will not take the initiative to catch up. After all, the quotations have been in a passive position due to the low prices of leading manufacturers for a long time. At present, the mainstream quotations of mixed rubber in South China are between 16200 and 16800 yuan/ton, and the supply of goods is sufficient. Most manufacturers still focus on pre-holiday orders, and the new orders are still to be followed up.


The No. 1 central document was issued this week to encourage qualified regions to launch new energy vehicles and green smart home appliances to the countryside. Yesterday, the home appliance industry surged, boosting domestic demand for silicon products. It can be seen that the strong expected stimulus is still expected to continue, and the overall demand for high-temperature adhesive is unchanged. At the current price of rubber compound, it is generally operating at a slight profit or loss. Even if there is a wait-and-see in the downstream, there is no room for reduction in the short term, and it is likely to maintain stable operation.


At present, the demand side has not yet fully developed and is still in the recovery stage. The upstream and downstream are cautious in catching up based on the subsequent inventory risk. The delivery of pre-sale orders in the early stage is also the main part of the trading and investment. Therefore, the market is in a relatively saturated state, and the price is difficult to have too much operating space. At the same time, we also take into account that, based on the long-term loss of the profit in the early stage, under the macro favorable policy this year, both upstream and downstream need to actively repair the profit. Although it is not easy to increase the price, the probability of exploring the rising situation in the short term will continue to repeat. Finally, I hope that the expected cakes under the policy stimulus can be fulfilled as soon as possible, otherwise it will be difficult to carry them when hungry.