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The global organic industry has a turning point and is expected to transform from positive to favorable.
In recent years, the global silicon industry has experienced significant fluctuations. Since 2019, production of raw silicon metal has sharply declined, while costs have driven up prices, with silicon reaching as high as 60,000 yuan per ton by October 2021. After the second half of 2022, global raw silicon prices dropped, yet supply expanded substantially, causing DMC prices to begin falling and triggering a reversal in price and cost dynamics. In 2023, new production capacity continues to come online, global demand remains weak, and the silicon industry is now in a stage of oversupply, resulting in evident corporate losses.
The Silicon Production Project at Pokotok's Main Plant Is Developing Confidently
Step into 2024, Q4: Boco Topco New Materials Technology Ltd., the parent company has invested in Weifan, a construction site for a silicone project. The workers are full of combat spirit and making every effort to accelerate the project toward early production.