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 supported prices, driving up silicon prices to reach 60,000 yuan per ton by October 2021. After the second half of 2022, global raw silicon prices dropped, yet supply expanded significantly, causing DMC prices to begin falling and triggering a reversal in price and cost dynamics. In 2023, new production capacity continued to come online, global demand remained weak, and the silicon industry entered a stage of oversupply, with evident corporate losses. By 2024, the global silicon market will conclude its main inventory cycle, spreads are beginning to turn positive, inventory levels start to decline, and industry sentiment is expected to support a sustainable marginal improvement. 

Demand: With declining interest rates in the United States, China, India, and other developing economies, high-speed development is expected to continue, driving global demand for silicone. Furthermore, as silicone products expand into various fields—such as new energy vehicles, photovoltaic systems, household appliances, and others—the demand for silicone is anticipated to remain strong and grow steadily. 

Offering side: By the end of 2023, China's overseas production capacity for silicone monomers reached 2.05 million tons per year, accounting for 26.4% of global production capacity. In 2024, China's production capacity for silicone monomers is expected to reach 6.38 million tons per year, with a high level of industry concentration, and the expansion cycle has entered its final phase. 

BocoTech New Materials Co., Ltd. primarily manufactures new silicone materials, pesticides, and rubber products. Its products are widely used in the fields of chemicals, coatings, plastics, cosmetics, new energy vehicles, pesticides, and more. Relying on products manufactured by its parent company and affiliated enterprises for overseas trade, BocoTech has built a strong business reputation over the years, demonstrating deep technical expertise in the industry and strong resource integration capabilities.