Leading manufacturers' silicone oil prices soar by 500! Monitoring data shows that on August 19th, the mainstream prices of DMC in Guangdong were 13400-13900 yuan/ton, raw rubber were 14600-14800 yuan/ton, dimethyl silicone oil were 15700-17000 yuan/ton, and 107 rubber were 13800-14100 yuan/ton, with active transactions. On August 19th, Silicon Treasure issued a price adjustment notice, stating that Silicon Treasure Technology has always been committed to providing customers with reliable high-quality products and solutions. In view of the serious competition and vicious competition in the current industry, in order to ensure the continued provision of high-quality products and services to our customers, Silicon Treasure Technology has conducted comprehensive market research and careful evaluation, and has decided to raise prices by 5% to 10% from September 1, 2024 or the date allowed by the contract. Industry expert Mr. Ye stated that the low price strategy is aimed at serving growth, and currently using low prices as the command stick is no longer able to adapt to changes in the market environment. What major silicon companies need to do is to leverage their advantages, serve the market and users well, and extend and expand on this basis, rather than damaging the healthy ecological environment of organic silicon through price measures.
Soaring 20%! Silicone giants soar!! Recently, the stock prices of downstream RTV and thermal conductive silicone giants, New Asia Process, have surged by over 20%. At present, the concentration of domestic RTV production enterprises is relatively low, with six manufacturers having a production scale of over 100000 tons per year and more than ten manufacturers having a production scale of over 50000 tons per year. According to statistics, the total production capacity of RTV silicone rubber in China in 2023 is about 2.172 million tons per year, a year-on-year increase of 5.3%. With the rapid development of multiple industries such as consumer electronics, automotive electronics, and industrial electronics in downstream markets, as well as the rise of emerging fields such as new energy vehicles, the Internet of Things, and new energy, the demand for electronic components and electronic specialized materials manufacturing in China is rapidly expanding, continuing to drive the rapid development of the industry.
Liquid silicone explosive order! Recently, there has been a surge of explosive orders in the silicone market, especially in the liquid silicone field. According to the latest news, the top three giants LSR have seen a significant increase in orders for liquid silicone, with Mr. Li revealing a year-on-year growth of about 30%, indicating a positive trend in the silicone manufacturing industry. According to statistics, the production capacity of LSR in China will be about 250000 tons per year in 2023, a year-on-year increase of 46.1%. The output will reach 135000 tons, a year-on-year increase of 19.9%. In 2023, China's export of LSR will be about 27000 tons. In 2002, the demand for liquid silicone rubber in China was less than 3000 tons per year. Such rapid development benefited from the continuous expansion of liquid silicone rubber in application fields: from the earliest external silicone gel prostheses, computer keys, pacifiers, kitchen supplies, medical equipment, diving glasses, to intelligent wear, automobile sealing, electrical insulation, to national defense and military industry, liquid silicone rubber has spread across all industrial fields. In the future, with the rapid development of communication technologies such as 5G and 6G, new energy vehicles, photovoltaics, energy storage, rail transit, and artificial intelligence, liquid silicone rubber will have greater application space.