In 2021, silicone has created two miracles in the history of chemical industry. The stock price soared 12 times and the spot price soared 200% +. Making the price of products in the relevant industry chain sharply increased from August to October 2021. 

From middle August to end of October, the raw materials price of silicone sealant soared over 100%. Because the price is far beyond the range of customers and the market, the selling of silicone sealant was almost stagnant in this three months. We GNS, the silicone sealant and Pu foam manufacturer, faced unprecedented difficulties in export sales. With the downturn of market demand, the raw materials price of silicone sealant has decreased over 60% since October. 

Data shows that since end of October, global commodities have collectively declined, ferrous metals and metallic silicon are also inevitable to fall, and the high price of metallic silicon futures has dropped rapidly. This situation is almost the same as the domestic market. Until the beginning of November, although many customers have actual stocking needs before the Chinese New Year holiday, most of them are still waiting and watching because of unstable raw material market.