Home    Company News    A sudden fire has triggered a boom in the silicone market

A sudden fire has triggered a boom in the silicone market

Hits: 532 img

On July 20th, a fire broke out at the Shandong Dongyue Organic Silicon Zibo base. Although the fire was quickly brought under control and no casualties occurred, the synthesis phase B bed device of the third phase was severely damaged, accounting for 25% of the base's total production capacity. This led to the suspension of 300,000 tons of organic silicon monomer production. The company announced that the recovery time was still uncertain. As a leading enterprise with the third-largest production capacity in the country, Dongyue's accident instantly exacerbated market supply anxiety. 
Within 24 hours after the incident, the market reaction was intense. Major enterprises such as Luxi Chemical and Xin'an Co., Ltd. collectively closed their trading and stopped reporting. Subsequently, the quotations soared across the board. As of July 22nd, the price of organic silicon DMC jumped to 11,600 - 12,500 yuan/ton, increasing by approximately 1,200 yuan/ton in a single day, with an increase of over 9%. The prices of all related products such as 107 glue and silicone oil also rose simultaneously, with the highest increase reaching 1,500 yuan/ton. The latest quoted price of Luxi Chemical's DMC was 11,900 yuan/ton, up 1,100 yuan from the previous day.

Recommend

    Online QQ Service, Click here

    QQ Service

    What's App