Market dynamics: Recently, the domestic DMC market prices have declined, with an average price of around 12800 yuan/ton. Compared with the previous working day, the price has dropped by nearly 100 yuan/ton. Due to the high operating rate of individual factories, competition pressure is gradually increasing, and the overall willingness to accept orders has been strengthened. However, downstream enterprises have low enthusiasm for hoarding goods before the holiday, and the market has a strong wait-and-see attitude, with bearish expectations still present.
In terms of the raw material market, the price of silicon metal is showing a fluctuating downward trend. On the supply side, domestic individual factories are facing significant pressure before the festival. On the demand side, downstream enterprises have stocked up appropriately, and the overall market remains stable.
In the latest policy catalog, organic silicon materials have become one of the highlights. This catalog explicitly encourages foreign investment in the development and production of new downstream products of organosilicon, and also covers the development and production of high-performance silicone oil, silicone rubber, resin and other products. These areas have clear support policies in Inner Mongolia Autonomous Region, Jiangxi Province, Ningxia Autonomous Region, and Xinjiang Autonomous Region.
Recently, the establishment ceremony of Zhonghua Luxi Engineering Co., Ltd. was held in Liaocheng. Wang Ligang, member of the Party Group and Deputy General Manager of China National Chemical Corporation (ChemChina) Holdings Limited, stated that as a leading player in the chemical industry sector under ChemChina, the establishment of ChemChina Luxi Engineering Co., Ltd. by Luxi Group will shoulder the mission and responsibility of building a world-class comprehensive chemical enterprise and developing advantageous chemical engineering industries. Li Changping, Secretary of the Liaocheng Municipal Party Committee, Zhang Baishun, Mayor, and other leaders also attended the ceremony and delivered speeches, congratulating the establishment of Sinochem Luxi Engineering Co., Ltd.
This establishment ceremony is not only an important practice to deepen the reform of state-owned assets and enterprises, but also a key step to enhance the core functions and competitiveness of Luxi Group. Liaocheng City will continue to make every effort to shape a first-class business environment, support the development of Luxi Group and Sinochem Luxi Engineering Co., Ltd., and contribute to the construction of a modern industrial system in the province.