China's Silicone market was closed in a large area and the price soared by nearly 30%
[Securities Times] according to the official micro data of silicone, since late December 2021, the market price of silicone in China has continued to rise. At present, most manufacturers have closed their offers. By the end of last weekend, the quotation of individual DMC manufacturers had reached 30000 yuan / ton, an increase of 500 yuan over the previous day. Since the rebound in late December last year, the cumulative increase was nearly 7000 yuan / ton, an increase of nearly 30%; Some manufacturers of 107 glue quoted 28500-30000 yuan / ton, up nearly 20% since the rebound; The price of some bulk cargoes of raw rubber has exceeded 30000 yuan / ton, with a cumulative increase of more than 10% since the rebound.
Comments: after new year's day, there are many pre-sale orders in the silicone monomer factory, which are not accepted. The monomer supply in the market is tight, and the downstream goods preparation and replenishment are active. Some price increases are bought, and the demand for DMC is increased. In addition, due to the rise in raw material prices and the positive impact of downstream goods preparation, the demand for 107 rubber and raw rubber rebounded. Driven by the recovery of market demand and tight supply, the overall expectation of silicone market is still good, and it is expected to rise steadily in the short term. Under the rapid rebound of silicone prices, the profitability of industry companies is expected to improve.
Henan Hengxing Science & Technology Co.Ltd(002132) (002132): the "120000 T / a high performance silicone polymer project" of Inner Mongolia Xingxing Chemical Co., Ltd., the holding subsidiary of the company, has been put into trial production, and the release of production capacity will support the performance growth elasticity of the company.
Shandong Dongyue Organosilicon Materials Co.Ltd(300821) (300821): the company is mainly engaged in silicone production, R & D and sales. It is one of the largest enterprises in China's silicone industry. It has built and operated two sets of silicone monomer production plants, with an annual production capacity of 300000 tons of silicone monomer.
