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Raw rubber production capacity is tight, and raw rubber companies are willing to expand production

2021-06-21
Latest company news about Raw rubber production capacity is tight, and raw rubber companies are willing to expand production

According to relevant monitoring data, the current raw rubber companies have resumed spot quotations, which are up and down! After some companies' network quotations rushed to 31.6 yuan/KG, they quickly fell back to 30.2 yuan/KG. The mainstream downstream market expects that DMC will continue to make profit in July.

 

The raw rubber production capacity is the tightest, and it is the raw material branch with the largest price increase. The leading raw rubber companies are strongly willing to expand production. Since 2020, the global real demand for silicone products has been released, and the resonance of actual sales and expected sales has led to a surge in demand for raw rubber.

 

Driven by the high growth of downstream demand, raw rubber is currently the most tense part of silicone products, leading the price increase. Data as of the first quarter showed that the effective supply gap exists objectively, so the price of raw rubber has soared 47.5% since August last year.

 

Silicone reference quotation on June 21:
DMC: RMB 29.5~30.5/Kg, a slight decrease
107 glue: RMB 30~31/Kg tends to be stable
Raw rubber price: RMB 32~34/Kg up
Shin-Etsu, Dow, and WACKER's quotations stabilize