China Xiamen Juguangli Import & Export Co., Ltd Company News

According to incomplete statistics, since November, as of November 9, dozens of chemical raw materials have seen a "flash crash" plunge in just over a week! The highest drop is nearly RMB 12,000 yuan/ton (USD1880/ton)!   The price of silicone is RMB 34,000 yuan/ton, down by 12666.67 yuan/ton from the previous week.   The price of yellow phosphorus was RMB 36,000 yuan/ton, down 10666.67 yuan/ton from the previous week.   Dimethyl carbonate was quoted at RMB 8,466.67/ton, down RMB 5,200/ton from the previous week.   Phosphoric acid was quoted at 9866.67 yuan/ton, down 4666.66 yuan/ton from the previous week.   Propylene glycol was quoted at RMB 21,266.67/ton, down RMB 2,633.33/ton from the previous week.   Liquid epoxy resin is quoted at RMB 32,125/ton, down RMB 2500/ton from the previous week   ......   Since the beginning of this year, the situation of China's power rationing and production shutdown has been severe, and the soaring materials have already made companies miserable! Gold, nine, and silver, ten years have just passed, and there are only less than 2 months left before the end of the year. There is a trend of easing the power limit. If you want to reverse the situation and make up for the previous loss of profit, you must make a new plan at the end of the year. , It is possible to complete the target task at the end of the year.

Global Organosilicon Network News,   Chipmaker Global Foundries inc. priced its initial public offering at $47 per share, at the top of its target range, and will raise about $2.6 billion. The IPO values GMC at about $26bn, making it one of the biggest IPOS in the US this year.   The company, which is majority-owned by Mubadala Investment, ABU Dhabi's sovereign wealth fund, sold 22 million shares in the IPO. The company debuted on Nasdaq on Thursday, Oct. 28, closing down 1.28% at $4.64 billion, giving it a market capitalization of $24.809 billion.

The global silicone network on October 18: the price of sea freight cooling trend, recently, continued to rise in the price of sea freight appears to cool trend. Shanghai shipping company executives said that in the past four days, a 40-foot containers shipped from China to the United States on the west coast of the freight from slightly above the $8000 to around $15000, fell by almost half, and sent to the east coast of the freight is down from more than $20000 to less than $15000, down more than a quarter.   According to FBX data, the shipping price from China/East Asia to the west Coast of North America was $20,586 /FEU (40-foot container) on September 10, and has now dropped to $16,004 /FEU; Sea freight from China/East Asia to the East Coast of North America also fell to $19,421 /FEU from $22,173 /FEU on Sept. 10.   Recently, the price of shipping between China and the United States has indeed fallen, which undoubtedly makes China's foreign trade business owners who export to the United States "relieved", after all, the early freight has been comparable to the value of the goods.   Analysts believe that with the drop in freight prices, orders from Europe and the United States have dropped from the peak, forcing European and American buyers to shift their orders to supply chains such as India and Southeast Asia. The domestic power shortage has eased, and the price of upstream coal energy may lose the power to continue to rise, and the "double carbon" target will be completed.

On October 8, China's Guangdong Provincial Food and Drug Administration issued the "List of Products Approved for the Pilot Approval of the Medical Device Registrant System in Guangdong Province (as of October 8, 2021)", and Huawei's wrist single-lead ECG collector was officially approved for production. In fact, in August this year, Huawei's multiple medical device products have entered the priority approval process.   According to the Guangdong Provincial Food and Drug Administration issued the "Guangdong Province Class II Medical Device Priority Approval Application Review Results Announcement (Issue 49)", Huawei’s wrist ECG blood pressure recorder, ECG analysis system, and arrhythmia analysis system 4 medical device products including wrist single-lead ECG collectors have officially entered the priority approval process. The four Huawei medical devices are all related to wrist ECG monitoring, and they are all wearable medical devices. Although Huawei has launched smart bracelet wearable devices as early as 2014, this time it is a large-scale deployment of medical-grade wearable devices.

Today's A-share market closes, the 10% drop of Hesheng Silicon Industry's stock is the A-share limit!   Yesterday, the actual transaction price of silicon blocks also adjusted back 1,000 yuan per ton for the first time! According to SMM reports, Yunnan's silicon companies that stopped production of silicon that caused a surge in silicon metal in the early stage will partially resume production on the 26th, but the follow-up production restriction control policy will be adjusted according to energy consumption monitoring.   Hesheng stated on the investor interaction platform: This year, all areas of the country will be restricted from power and production, and Hesheng’s production plants in various places are currently operating normally and normally accept orders and deliver goods.

Most global commodities fell on September 20, and the VIX index, known as the "panic index," soared. Singapore iron ore futures fell sharply by more than 11%, hitting a new low since May 2020. Since setting a record high in May this year, the price of Singapore's iron ore futures has begun to plunge, and it has fallen about 60% from the high. It has become the commodity with the largest decline recently, and silicon metal has also fallen.   What is metal silicon? Metallic silicon, also known as crystalline silicon or industrial silicon, is mainly used as an additive for non-ferrous alloys. Metallic silicon is a product smelted from quartz and coke in an electric furnace. The main component of silicon is about 98% (in recent years, 99.99% of Si is also contained in metallic silicon). The remaining impurities are iron and aluminum. , Calcium, etc. The main component silicon content is usually above 98.5%, below 99.99%, and the remaining impurities are iron, aluminum, calcium and so on.   "Metallic silicon" (also called industrial silicon) is a trade name that appeared in the mid-1960s. Its appearance is related to the rise of the semiconductor industry. The international common practice is to divide commercial silicon into metal silicon and semiconductor silicon. Metallic silicon is a product smelted from quartz and coke in an electric furnace. The main component of silicon is about 98% (99.99% of Si is also contained in metallic silicon), and the remaining impurities are iron, aluminum, calcium, etc. . Semiconductor silicon is used to make high-purity metal silicon for semiconductor devices. It is sold in the form of polycrystalline and single crystal, the former is cheap and the latter is expensive. It is divided into a variety of specifications due to its different uses. According to statistics, the world's total consumption of metal silicon for aluminum alloys accounts for about 60% of metal silicon, less than 30% for organic silicon, about 3% for semiconductors, and the rest for iron and steel smelting and precision ceramics.   From a global perspective, the consumption of metallurgical silicon is more than that of chemical silicon. However, with the continuous development of science and technology, the use of chemical silicon in the production of organic silicon and semiconductors has been expanding, and it is widely used in the production of organic silicon. Silicon monomer and polymer silicone oil, silicone rubber, silicone resin building anti-corrosion, waterproofing agent, etc., they have unique properties such as high temperature resistance, electrical insulation, radiation resistance, and waterproofing. Used in electrical, aviation, machinery, chemical, pharmaceutical, national defense, construction and other sectors.                    

On September 13, the US "Chemical Weekly" released the latest "Global Chemical Companies Billion Dollar Club" rankings. The ranking is based on the company's chemical sales in 2020. The threshold for this year's billion-dollar club rankings is 2.8 billion US dollars, of which BASF, Sinopec, and Dow Chemical occupy the top three. German chemical giant BASF continues to hold the top spot, and this company has topped the list 10 times in the past 13 years.   The top ten chemical companies are not much different from 2020. Among them, three Chinese companies enter the top ten on the list, namely Sinopec, Formosa Plastics Group, and China National Chemical Corporation. Among them, Formosa Plastics Group and China National Chemical Corporation rank 4th and No. 4 respectively. 7. Both are up one place from the 2020 ranking.   From the perspective of country distribution, most chemical companies are in the United States, Japan, China, and Germany. The number of companies in the four countries is 28, 16, 13, and 9, respectively. Among the 13 companies shortlisted in China, Hengli Petrochemical and Rongsheng Petrochemical have risen sharply. Among them, Hengli Petrochemical rose to 14 from 27 last year, and Rongsheng Petrochemical rose to 24 from 51 last year.

Hesheng Silicon Industry (603260) announced two expansion plans, with a total of 7.615 billion yuan invested in the construction of industrial silicon and organic silicon projects, all of which are located in the Stone Industrial Park of Shanshan County, Xinjiang. Hesheng Silicon Industry is optimistic about the future demand for silicon raw materials. The company stated that in terms of organic silicon, in the long run, in addition to the continuous growth of demand for organic silicon raw materials in downstream traditional industries, energy-saving and environmental protection industries such as photovoltaics and new energy, construction of ultra-high voltage and ultra-high voltage power grids, smart wearable materials, 3D printing and The development of 5G and other emerging industries has provided new growth points for organic silicon, and the market demand for organic silicon will maintain a rapid growth trend. In terms of industrial silicon, with the rapid growth of photovoltaic installations in the next few years, the new polysilicon production capacity will be gradually released. The construction of the above-mentioned industrial silicon projects will prompt the company to promote the continuous expansion and strengthening of the industrial silicon industry, effectively guaranteeing the rapid future of industrial silicon downstream Increase the demand for stable supply of raw materials, ease the survival pressure of enterprises in downstream industries, and promote the healthy and sustainable development of the industry. Hesheng Silicon's business covers both organic silicon and industrial silicon. It is one of the companies with the most complete business chain and the largest production scale in the domestic silicon-based new materials industry. According to financial reports, as of the first half of the year, the company's industrial silicon production capacity was 730,000 tons/year, and organic silicon monomer production capacity was 930,000 tons/year. It is worth mentioning that Hesheng Silicon currently has business cooperation with Daquan Energy (688303), Xinjiang GCL New Energy Material Technology Co., Ltd. and other silicon companies in Xinjiang. Hesheng Silicon's recent stock price has risen rapidly, with a year-to-date increase of 538.42%. The stock price has doubled in the last month and set a record price of 243 yuan per share on September 3. As of the close on September 8, the stock price closed at 212.48 yuan per share.

According to relevant media news: The industry generally believes that the mismatch between supply and demand is the dominant factor. "From the supply side, in the context of policy tightening, the new production capacity of the main production areas of silicone is limited, resulting in a supply gap." The executive partner of Shanghai Minghuan Asset Management Center said that from the demand side, silicone is in my country has a very wide range of applications, and the consumption growth rate is obvious, which greatly supports the market demand for organic silicon. In the case of relatively insufficient supply, with the gradual increase in the demand for organic silicon, the price of organic silicon DMC is likely to rise but hardly fall.   Silicone is called "industrial monosodium glutamate", and mainly includes more than 8,000 downstream products in four categories: silicone rubber, silicone oil, silicone resin and silane coupling agent. Among them, the demand for silicone rubber and silicone oil accounted for 66% and 22% respectively. The main application area of silicone rubber is real estate and home furnishing, while the key application area of silicone oil is textile and clothing. Since the beginning of this year, as the global economy continues to recover, overseas demand has grown strongly, and downstream orders have increased significantly, which has driven the demand for organic silicon products.     Analyzing the market outlook, this year and the next two years will be a major year for new organic silicon production capacity, and the contradiction between supply and demand will be alleviated. According to Zhao Naidi, the domestic production capacity of organic silicon has reached 3.725 million tons per year. Because of the long production cycle of organosilicon monomers. Generally, it takes 2 to 3 years. Superimposed on the impact of the 2020 epidemic, the production cycle of some new organic silicon monomer production capacity has been delayed. It is expected that the domestic organic silicon monomer production capacity will increase significantly from 2021 to 2022.   At present, major manufacturers such as Hesheng Silicon (603260), Xin'an Stock (600596), Xingfa Group (600141) and Dongyue Silicon (300821), which are listed on China's A-share silicone listed companies, have all deployed and are expected to add 1.05 million tons of new production capacity this year.

Global Silicone Network, September 6th: Canalys estimated in its latest report on the global electric vehicle market that global sales of electric vehicles (including plug-in hybrids) reached 2.6 million in the first half of 2021, an increase from the first half of 2020 160%. Among them, Tesla leads the world with a 15% market share. Volkswagen Group ranked second with a market share of 13%. SAIC-GM-Wuling, a joint venture of SAIC, GM and Wuling, ranks third with a market share of 11%. The BMW Group ranks fourth with a market share of 6%. Stellantis) ranked fifth with a 6% share.