Starting to add some now... I think this is great opportunity for LT investments. This will at least double in 1 year... ASP stabilized soon and just bet on the bottom now. So bloody cheap
China cost of production can not be cheaper than Malaysia ya? The raw material is shipped from SEA and the labour is Not cheaper than Banglas here ya? Anyway, no way China will sell below cost or start a business that will go below cost. Let's see in the 6 months. This is oversold like we are over-optimistic of the recovery and covid like flu....
China government suddenly ordered all industries which are high consumed energy to stop production immediately , this includes rubber , garment , metal ....
Why don't you post the article here for everyone's benefit?
The only article / section I found on keyword search from the edge with numbers is as per below.
“For instance, a box of 1,000 pieces of gloves sold at about US$95 previously. Current quarter (3Q21) may see about a 20%-30% decline, which would be between US$65-US$75 and for 4Q21, it may drop to around US$45-US$50. After that, the price may likely to stabilise around that level,” said Malacca Securities Sdn Bhd senior analyst Kenneth Leong.
wa, i dont know glove hv anything to do with bullet train, biological war some more. retailers are damned in this counter. why cut loss so difficult. cut nia ma. no money go back do 8-5 works. or go buy genetec. hopefully it wont crash again like glove.
PMBTECH had double its production from 36,000 mtpa to 72,000 mtpa up to now, up to its 2nd phase project expansion from 4 phase development of 64 hectares ..
ADVANTAGES OF PMBTECH SILICON
Logistic Cost Advantage : Strategically located between the East and the West, Malaysia is located at the straits of Malacca, home to Singapore Port & Port Klang, Malaysia, two of busiest port in the world where shipping rates are favourable.
Locally Sourced Raw Material : Malaysia has readily available raw material which ensures consistency in supply.
Abundant Green Power Supply : Blessed with high rainfall and an abundance of rivers, Sarawak provides affordable, renewable energy through hydropower developments .. 1st hydroelectric plant (HEP) at Batang Ai (108 MW) in 1985, with Bakun HEP in 2011 (2,400 MW), followed by Murum HEP in 2014 (944 MW). Baleh HEP is still under construction & expected to be commissioned by 2025. That will make total capacity 3,452 MW. source : sarawakenergy.com
CHINA SUPPLY OUTLOOK Silicon & Aluminium price on a tear
Both silicon & aluminium price soars to their 3-year high. While global solar energy demand drove the recovery from March lows, it was actually news about China changing their environmental policies that fuels the price trend.
China produces more than 50% / 60% of the world’s aluminium / silicon. As mentioned earlier, it takes a great environmental toll to produce these materials. Now that China pivots its environmental concern policies, coal-fired power plants will be discontinued hence potentially shrinking production rates and altering supply-demand balance outlook.
SILICON AS AN ESSENTIAL MATERIAL FOR SOLAR & EV ECONOMY
Solar – The basic component of a solar cell is pure silicon, which also has been used as an electrical component for decades.
Polysilicon (a purer form of silicon) is in acute shortage because of vigorous solar module demand. Over 90% of the current solar cell market is based on silicon currently.
Electronic Vehicles (EV) – Elon Musk announced that Tesla will use more Silicon to replace Cobalt in producing its batteries for its future generation models.
The strategy poise to make Tesla EV a lot more affordable and is seen to be adopted by other EV battery vendors.
AGGRESSIVE CAPACITY EXPANSION
PMBT is undergoing an aggressive expansion plan to meet the world’s silicon demand is impeccable.
Located in Samalaju Industrial Park in Bintulu, Sarawak, it had double production capacity from 36,000 mtpa (1st phase) to 72,000 mtpa (phase 2), current phase.
The co.’s corporate plan indicates that the plant size is of 64 hectares and is suitable for 4 phases of development.
TRADE WAR
Trade war distorts the global supply chain. PMBTECH stands to capture higher market share as a neutral Malaysian producer.
Meanwhile the company’s markets are mainly in Europe and America where there are trade barriers against the Chinese suppliers.
CATALYST
Solar and EV drives silicon demand
Production capacity expands by 2x in 2021
Tesla battery revolution drives more silicon for anode material
Trade war for higher market share 25/09/2021 10:23 PM
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Posted by khatulistiwa1234 > 2021-09-23 13:08 | Report Abuse
Forgot to tell you , dream at nite mare .