On October 28th, Hubei Xingfa Chemicals Group Co., Ltd. decided that the unused raised funds and the interest from the 400 kt/a silicone project of Xingfa (Inner Mongolia) new silicone materials integrated recycle project would be transferred to the 200 kt/a phosphate ore separation and pipeline transportation project in Xingfa (Houping, Hubei). The decision was made on the fact that given the current downward macroeconomic situation, it is expected that the silicone downstream sectors will not digest the rapidly expanding upstream production capacity. Moreover, the price of primary silicone products is even lower than that of silicon metal as raw material. The company determines that the primary silicone products market is difficult to recover in the short term.