Recent product prices have continued to increase. Since the third quarter, the prices of domestic silicone products have continued to rebound. The price of DMC has risen from 16,000 yuan/ton at the end of August to 17,700 yuan/ton at present; the price of rubber mix has increased from 15,600 yuan/ton in October to 16,000 yuan/year at present. Ton. From a downstream perspective, as real estate and other industries have improved, the demand for silicone products such as room temperature adhesives has increased, and the overall operating rate of the silicone industry has increased by about 9% in October.
The reformation of the concentrated acid hydrolysis unit is in progress and the production of the monomer proceeds normally. On September 10, the company announced that the Changjiang branch company will carry out the reformation of the concentrated acid hydrolysis unit and the production of organic silicon monomers will be suspended for 3-4 months.
However, due to the recent supply shortage of silicone raw materials, the company used the original constant boiling acid hydrolysis device to maintain the normal production of monomers while carrying out the transformation.
Affected by the pre-market downturn, the progress of the 30,000-ton high-temperature silicone project has slowed down. Since last year, the company's 30,000-ton high-temperature silicone rubber project has slowed down the construction process as the demand and prices of the silicone downstream market have been affected to a greater extent. In the future, the company will adjust the process of the high-temperature silicone rubber project according to the market conditions.
The 5000 tons/year liquid glue project is under market promotion. The company's liquid plastic project has been successfully tested and put on the market in April this year. Currently, the company is conducting marketing promotion. The liquid glue has good fluidity and high vulcanization speed. It can be cast or injection molded. Mainly used in medical plastics field, mold manufacturing, electronic module potting and so on. Domestic production in this area is still in a blank range and the market prospects are promising.
It is expected that this year's results will turn a profitable deficit. It is expected that the 2012-2014 EPS of the company will be 0.01 yuan, 0.05 yuan, and 0.19 yuan, respectively, giving an "overweight" rating.
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