Monitoring data shows that the current production capacity expansion and market delivery of monomer manufacturers are relatively slow, and the shortage of supply will continue at least until the first half of 2022. As the epidemic situation and international uncertainties still exist, it is expected that prices may continue to rise in the third and fourth quarters. It is expected that the production capacity of related technology nodes (products) in some market segments will become increasingly tight, and the price of functional silicone products will remain stable or continue to grow.
The forecasted performance recently released by the two major monomer companies this week was clearly beyond expectations, reflecting the high boom in the upstream manufacturing sector, with both volume and price rising. However, the CEO of a monomer company said yesterday that “the sales revenue in the third quarter is expected to grow by about 3% quarter-on-quarter. Due to the slowdown in the price increase trend of basic raw materials and the lack of new production capacity in the second half of the year, the company’s revenue cannot continue to grow substantially.” Directly poured cold water on the market.
The silicone sector continued to fluctuate at a high level this week, with individual stocks moving fast and making money more effective.
