On December 23, 2025, Beijing - Recently, the domestic organic silicon market has shown a stable to strong trend, with core product prices maintaining high levels driven by cost support and supply contraction. According to data from Dongfang Wealth Network on December 16th, the mainstream price range for DMC (dimethyl cyclic siloxane mixture) is 13500-14800 yuan/ton. Pre sale orders from top companies have been scheduled until January 2026, with Zhejiang, Hesheng and other companies quoting 14800 yuan/ton, an increase of over 1000 yuan/ton compared to early November. The prices of derivative products such as raw rubber and mixed rubber have risen synchronously, with a weekly increase of about 600 yuan/ton for raw rubber. Under the cost pressure of mixed rubber, enterprises have a strong willingness to raise prices.


The differentiation of supply and demand patterns, with emerging fields becoming the core driving force
Market analysis indicates that the current price increase is mainly influenced by industry emission reduction plans and the rise in raw material silicon prices. Some enterprises in Shandong region have experienced supply contraction due to a 30% reduction in equipment load, while downstream construction demand for replenishment has increased by 15% month on month, but the demand for photovoltaic adhesive is weak in the short term. It is worth noting that the demand for room temperature and high-temperature adhesives in emerging industries such as new energy, 5G, and ultra-high voltage continues to grow, while the demand for liquid adhesives and silicone resins is growing rapidly due to the expansion of new application scenarios. Luo Liguo, Chairman of Hesheng Silicon Industry, predicted at the May performance briefing that the demand for organic silicon industry is expected to maintain a high growth rate in 2025, and emerging fields may become core growth poles.


Industry consolidation accelerates, highlighting the advantages of top enterprises
At the end of the capacity expansion cycle, the market gradually absorbs the newly added capacity, and the mismatch between supply and demand in the industry tends to be balanced. On December 9th, the "Guanghe Qiancheng" platform, jointly initiated by nine silicon material enterprises including Tongwei and Xiexin, as well as one industry association background company, was officially established in Beijing with a registered capital of 3 billion yuan. The platform aims to promote the healthy development of the industry through technological upgrades, market expansion, and capacity optimization. The top five shareholders hold over 70% of the shares, forming a core decision-making force. Industry associations directly participate in coordination work, highlighting the platform's public nature. Industry insiders have revealed that the platform may leverage billions of funds through a "debt based" acquisition model in the future, shut down inefficient production capacity at the tail end, establish industry rules such as reasonable price ranges and total storage targets.


Capital market reaction differentiation, long-term logic shifts towards technological competition
Despite the positive performance of the polysilicon futures market due to favorable policies, the stock prices of related silicon material listed companies are under short-term pressure. On December 10th, the stock prices of Tongwei Co., Ltd., Xiexin Technology, and others both fell more than 3%, reflecting the market's cautious attitude towards the short-term effectiveness of the platform. Analysts point out that as the integration of silicon materials accelerates, the competition logic in the industry will shift from price wars to comprehensive comparisons of technology, cost, and quality. Top enterprises such as Hesheng Silicon Industry are expected to further consolidate their leading position in the industry reshuffle by leveraging their integrated industrial chain layout and cost advantages such as self owned power plants.