According to China Securities Journal, after experiencing a bear market for nearly ten years, the global silicone industry has completed overcapacity reduction this year and prices have continued to rise. As of last week, the mainstream transaction price in the organic silicon market was 19,800-20,300 yuan/ton, a sharp increase of 8.1% compared with the beginning of last month. At present, the inventories of silicone monomer companies remain low. Downstream players are generally optimistic about the market outlook and have obvious intentions to stock up on goods. The supply of goods in the market has been tight for nearly half a year. Among listed companies, Xin’an Shares (600596) is the second largest silicone monomer manufacturer in China. Xingfa Group (600141) Xingrui Chemical has an annual silicone production capacity of 80,000 tons.
(Editor: DF314)
