Overseas price increases! Domestic decline!

Overseas price increases! Domestic decline!

Since March, the market of silicone has become increasingly confusing! Industry leaders said that the cause of the price war in March was not due to slow sales, but mainly due to a revolution, as the downstream losses hit a record after the 2021 rally was too strong and too high. Now, it is a revolution from downstream to upstream. He is optimistic that there is no need to worry excessively about the impact of price war on the development of the silicone industry. There is still considerable room for growth in the global silicone market demand, and relevant traditional demand can still maintain growth. The industry's growth prospects remain optimistic. The main effect of price reduction promotions by multiple monomer factories is on inventory. In addition, wait-and-see sentiment may also arise in the downstream, which has a relatively limited impact on the raw material end. In fact, since the Spring Festival, overseas silicone companies have been brewing wave after wave of price increases in Southeast Asia, South America, India, and other regions. The price increases are concentrated in the silicone adhesive field and functional products! It may be related to the rapid development of real estate in Southeast Asia and the transfer of a large number of global manufacturing industries to these places