According to industry media reports on November 1, international chemical giant Wacker Chemie's silicone business unit recently announced that its price of silicone rubber sold in Europe, the Middle East and South America will increase by 40%. The reason is that energy and labor costs lead to increasing production costs, and the price adjustment will take effect from November 1. The WACKER SILICONES business unit offers products for automotive, construction and medical technology.


It is reported that China has become the world's largest consumer of tires and the largest tire producer and exporter. As the upstream of automobile tires, the main raw materials are natural rubber and synthetic rubber. 80% of China's natural rubber is imported, and the main raw material of synthetic rubber is mainly imported. In view of this situation, the application of non-petroleum silicone rubber to the tire industry has important strategic significance for China.


The industry said that the price of domestic organic silicon DMC market has accelerated down recently, and the price is directly at 20,000 yuan/ton. From the perspective of enterprise inventory, the DMC price may fall below the 20,000 yuan mark. The price of DMC and other products will be adjusted back. The production costs of downstream enterprises such as silicone rubber and resin will drop significantly, and the industry profits are expected to pick up. The international giant silicone rubber prices have increased sharply, the industry will usher in the dual benefits of cost reduction and product price increase, the industry fundamentals are expected to reverse, and related companies are expected to benefit.


Related companies, according to the selection of the theme library (xuangubao.cn) silicone and other sectors,


Chenhua Co., Ltd. has a production capacity of 0.85 million tons of silicone rubber, and is in a leading position in the domestic market.


Silicone Technology Co., Ltd. specializes in the R&D, production, manufacturing and sales of silicone room temperature glue and special production equipment for rubber. The silicone room temperature glue leading enterprise has launched the world's first silicone rubber car tire.


HTC New Materials The main research, production and sales of high temperature silicone rubber products.


*Disclaimer: The content of the article is for reference only and does not constitute investment advice.