Shares of Dow have been a very poor performer over the past year, losing nearly half of their value. The chemicals sector as a whole has performed very poorly this year, and Dow’s performance is not thatOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure:I/we have no ...

Shares of Dow have been a very poor performer over the past year, losing nearly half of their value. The chemicals sector as a whole has performed very poorly this year, and Dow’s performance is not thatOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure:I/we have no ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

Core Viewpoint - The organic silicon sector is experiencing a strong performance in the A-share market, driven by price increases and regulatory measures aimed at reducing price competition [1][3][4]. Group 1: Market Performance - The organic silicon concept stocks showed significant gains, with companies like Chenguang New Materials and Hongbo New Materials hitting the daily limit [1][3]. - The overall organic silicon sector rose over 3%, leading the market, with individual stocks such as Huasheng Lithium and Jinyinhai seeing increases of over 15% and 13%, respectively [3][4]. Group 2: Price Increases - Dow Chemical announced a price increase of 10% to 20% for its Xiameter product line starting December 10, indicating a positive shift in the global organic silicon market supply-demand relationship [3][4]. - The price of organic silicon DMC has risen to 13,150 yuan/ton, an increase of 11.44% compared to the beginning of the month [6][8]. Group 3: Regulatory Environment - The National Development and Reform Commission (NDRC) is taking steps to address chaotic price competition in the organic silicon industry, which may have contributed to the recent stock price increases [4][5]. - A meeting held by the NDRC emphasized the need for better regulation of price competition, which could support the industry's long-term development [4][5]. Group 4: Industry Outlook - Analysts are optimistic about the recovery of the organic silicon industry, citing a planned reduction in production rates to maintain a 70% operating rate among major producers [6][7]. - The industry is expected to see stable demand growth, with projected consumption of organic silicon intermediates reaching 182 million tons in 2024, a year-on-year increase of 20.9% [7][8].

Core Viewpoint - The market experienced mixed performance with the ChiNext index closing down 0.44%, while the influenza and organic silicon sectors surged, indicating a divergence in market sentiment driven by specific sectoral developments [1][4]. Group 1: Influenza Sector - The influenza sector saw a significant uptick, with flu-like cases in northern provinces rising to 7.0%, markedly higher than the same period in previous years [4]. - Sales of antiviral drugs, such as Oseltamivir, surged by 237% over the past week, indicating strong demand driven by rising flu cases [4]. - Jindike has completed the production season with 1.56 million doses of its quadrivalent flu vaccine approved for release, and is ramping up production capacity to 30 million doses [4]. Group 2: Organic Silicon Sector - The organic silicon sector experienced a boost following Dow Chemical's announcement of a 10%-20% price increase on major products starting December 10, which acted as a catalyst for domestic stocks [4]. - Companies like Hongbai New Materials and Chenguang New Materials saw their stocks hit the daily limit, while Dongyue Silicon Material rose over 10% [4]. - Smart money has already positioned itself in this sector, with Chenguang New Materials seeing a net inflow of 85.14 million yuan over the past ten trading days [4]. Group 3: Underperforming Sectors - The Hainan sector faced significant declines, with companies like Jingliang Holdings and Hainan Haiyao dropping nearly 7%, highlighting the lack of performance support for regional themes [4]. - The film and content industry also struggled, with Huanrui Century hitting the daily limit down and Shanghai Film falling nearly 7%, reflecting uncertainty in the content sector [4]. Group 4: Market Sentiment and Strategy - The overall trading volume decreased by 93.5 billion yuan compared to the previous day, indicating a cautious market sentiment and a tendency for rapid sector rotation [4]. - Investment strategies suggest focusing on the influenza sector for low-entry opportunities and the organic silicon sector for potential gains, while avoiding sectors lacking performance, policy support, or growth potential [5].

Core Insights - Dow Chemical announced a price increase of 10-20% for its Xiameter product line starting December 10, with variations depending on the specific product line [1] - The price adjustment comes amid discussions in the domestic silicone industry regarding pricing mechanisms and production reduction strategies, leading to a significant increase in silicone prices [1] - As of November 24, the market price for DMC in East China reached 13,200 RMB per ton, reflecting a 20% increase for the month [1] Industry Overview - The domestic silicone intermediate effective production capacity is projected to remain stable at 3.35 million tons per year by 2025, compared to 2024 [1] - Demand in downstream applications for silicone is steadily increasing, providing a solid foundation for long-term industry growth [1] - Collaborative efforts within the silicone industry are expected to mitigate harmful competition and promote development towards high-value-added products, enhancing overall industry prosperity [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

Wall Street has been seesawing for quite some time now due to rising artificial intelligence (AI) concerns. SPDR Dow Jones Industrial Average ETF Trust (DIA) has lost about 2% over the past month (as of Nov. 21, 2025) versus a 2.7% decline in the SPDR S&P 500 ETF Trust (SPY) and a 4.4% slump in the Nasdaq-100-based Invesco QQQ Trust, Series 1 (QQQ) .Further Policy Easing in the Cards?New York Federal Reserve President John Williams signaled the possibility of another interest-rate cut later this year. In a ...

Core Viewpoint - The article highlights the significant dependency of China's high-end manufacturing on Japan for critical strategic new materials, particularly in the semiconductor and advanced manufacturing sectors, emphasizing the risks posed by geopolitical tensions and supply chain vulnerabilities [2][4]. Group 1: Dependency on Japanese Core New Materials - Japan holds a monopolistic position in semiconductor materials, high-end polymers, and electronic chemicals, with China's dependency exceeding 50% in several key categories, and nearly 100% in some high-end areas [4][6]. - The complexity of semiconductor manufacturing processes means that Japan dominates the supply of critical materials like photoresists and silicon wafers, with global market shares consistently above 60% [6][9]. Group 2: Semiconductor Core Materials - **Photoresists**: China has an overall import dependency of about 90%, with high-end photoresists being 100% reliant on Japan. Major suppliers include JSR, Tokyo Ohka, Shin-Etsu Chemical, and Fujifilm, which control 92% of the high-end market [7]. - **12-inch Silicon Wafers**: The import dependency is around 90%, with Japan supplying 58%. Key players like Shin-Etsu Chemical and SUMCO dominate over 60% of the market [9]. - **High-Purity Ruthenium Targets**: The import dependency is 98%, with Japan's JX Metals and TOSOH holding a significant market share. Domestic production is limited to lower purity levels [12]. Group 3: High-End Polymer Materials - Japan leads the high-end market for electronic-grade polyimide films, with an import dependency of 85% for overall polyimide materials, and 90% for high-end applications [19]. - **Optical-grade PET Films**: The import dependency is 75%, with Japan supplying 100% of high-end films used in MLCCs [23]. Group 4: Other Key Materials in Electronics - **Sputtering Targets**: The import dependency is approximately 95%, with Japan's JX Metals and Nippon Mining controlling 60% of the market [27]. - **High-Purity Electronic Gases**: The import dependency is 70%, with Japan's Taiyo Nippon Sanso holding a 40% market share [31]. Group 5: Hydrogen Energy and Fuel Cell Key Materials - **High-End Carbon Carrier Materials**: The overall import dependency is 85%, with Japan's TOSOH dominating the market [35]. - **Fuel Cell Platinum-based Catalysts**: The import dependency is 78%, with significant reliance on European suppliers [107]. Group 6: Aerospace and High-End Manufacturing Key Materials - **High-Temperature Alloys**: The import dependency is 90%, with major suppliers from the US and Europe completely dominating the market [80]. - **Carbon Fiber**: The import dependency is 85%, with Japan and the US leading the high-end market [86]. Group 7: New Energy and Electronics Key Materials - **High-End Lithium-Ion Battery Separators**: The import dependency is 70%, with Japan's Asahi Kasei and Toray leading the market [94]. - **Ultra-Thin Copper Foils**: The import dependency is 80%, with Japan's JX Copper and Mitsui Mining dominating the supply [98].

Core Viewpoint - The article discusses the potential for a market rotation from high-flying AI stocks to more traditional blue-chip stocks, particularly focusing on three Dow stocks that may perform well in 2026 and beyond. Group 1: Walmart - Walmart's revenue grew by 5.8% year-over-year to $179.5 billion, surpassing expectations of $177.4 billion for Q3 of fiscal year 2026 [5] - Adjusted earnings per share were $0.62, exceeding estimates of $0.60, with same-store sales in the U.S. improving by 4.5% [5] - Despite strong performance, Walmart's stock has not fully reflected its growth, indicating potential for further gains [7] Group 2: Boeing - Boeing's production backlog reached a record $635 billion, despite ongoing challenges with its 737 Max and 787 Dreamliner jets [9] - The airline industry is expected to require 43,600 new planes by 2044 to meet growing demand, highlighting a significant opportunity for Boeing [10] - Investors may begin to recognize the long-term potential of Boeing's order backlog in the coming year [11] Group 3: Apple - Apple shares recently hit a record high, but the company has faced challenges with its AI initiatives, particularly with its digital assistant Siri [12][14] - iPhone revenue has only improved by about 4% over the past four quarters, partly due to disappointing AI software [15] - The average age of iPhones is 37 months, suggesting a potential surge in upgrades as consumers look to replace aging devices [17]