Why is China's silicone capacity dominance not translating into pricing power or high-end market share?
The rally is also exposing cost pain downstream. Sealant leader Siliconbao saw Q1 2026 revenue up 8.27% but net profit down 35.12% as raw material costs jumped. Producers are raising product prices, but passing through costs in a competitive market is difficult. Watch whether the output-cut consensus holds—history suggests quick restarts when prices recover.
