April 14th — Recently, the 5,000-ton transparent silicone new material expansion project of Sichuan Basite Fine Chemical Co., Ltd. has been accepted for environmental impact assessment in Meishan. The project involves a total investment of 50 million yuan, covering an area of 2.3 mu, with a construction area of 1,500 square meters and a construction period of one month. Upon completion, the project will have an annual production capacity of 5,000 tons, with an estimated annual output value of 250 million yuan. Utilizing intelligent control processes, the project will primarily produce phenyl silicone resin and MQ resin.

Chempricehub analysis of industrial silicon: Bull-bear score: 1.5
This project expands the production capacity of transparent silicone new materials by 5,000 tons, mainly focusing on phenyl silicone resin and MQ resin, which will significantly increase the demand for industrial silicon. As a key raw material in silicone production, the anticipated growth in demand may drive up the spot price of industrial silicon. Based on futures market data, the recent industrial silicon contract, such as 2612, closed at 8,955 yuan/ton, with a settlement price of 8,855 yuan/ton, marking an increase of 55 yuan/ton. The change in open interest remained stable. This news may further strengthen the bullish trend in the futures market, supporting upward price movements.