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Chemical giant Wacker silicone rubber prices have risen sharply

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According to media reports, the international chemical giant Wacker Chemie's silicone business unit recently announced that its price of silicone rubber sold in Europe, the Middle East and South America will increase by 40%. The reason is that energy and labor costs lead to increasing production costs, and the price adjustment will take effect from November 1. The WACKER SILICONES business unit offers products for automotive, construction and medical technology.


The industry said that the price of domestic organic silicon DMC market has accelerated down recently, and the price is directly at 20,000 yuan/ton. From the perspective of enterprise inventory, the DMC price may fall below the 20,000 yuan mark. The price of DMC and other products will be adjusted back. The production costs of downstream enterprises such as silicone rubber and resin will drop significantly, and the industry profits are expected to pick up. The international giant silicone rubber prices have increased sharply, the industry will usher in the dual benefits of cost reduction and product price increase, the industry fundamentals are expected to reverse, and related companies are expected to benefit.


Related listed companies:


Chenhua Co., Ltd.: It has a production capacity of 0.85 million tons of silicone rubber and is in a leading position in the domestic market.


Silicone Technology: It is a silicone room temperature rubber leading enterprise, launching the world's first silicone rubber car tire.

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