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SunSirs: Domestic Rubber-grade Silica Has a Stable Trend and Poor Demand
April 07 2021 13:46:20SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of April 6th, the average price of domestic rubber-grade premium silica was 4,716.67 RMB/ton. The silica market is running smoothly, the transaction atmosphere is average, and the downstream just needs purchasing mainly, and the stocking atmosphere is deserted. , The overall market supply and demand balance and maintain the previous market trend.

Analysis review

he domestic rubber-grade silica market is operating smoothly as a whole. The quotation range is maintained at 4,000-5,000 RMB/ton. The price remains stable, mainly based on contract orders, and downstream just-needed purchases. The purchasing atmosphere is dull, with a limited number of new orders, most of which are mainly for negotiation. Merchants have a stable mentality and a general negotiation atmosphere. Merchants are cautious in obtaining goods, and shipments are slow. The overall market is operating smoothly.

The chemical index on April 5 was 1,004 points, which was the same as previous day. It was 4.29% lower than the highest point in the cycle of 1,049 points (2021-03-10), and 67.89% higher than the lowest point of 598 points on April 08, 2020. (Note: Period refers to 2011-12-01 to present)

The upstream hydrochloric acid is mainly operating stably with limited price fluctuations. The latest price of hydrochloric acid in some enterprises: Dezhou Maihua 150 RMB/ton, Jinan Yuanfei 300 RMB/ton, Shanxi Wenshui 260 RMB/ton, Dezhou Shihua 750 RMB/ton. Hydrochloric acid index: On April 5, the hydrochloric acid commodity index was 62.28, which was the same as previous day. It was 37.72% lower than the highest point in the cycle of 100.00 points (2011-09-12), and 246.38 % higher than the lowest point of 17.98 points on September 05, 2012. (Note: Period refers to 2011-09-01 to present).

Market outlook

The silica analyst of SunSirs believes that the overall market of silica is deserted, and the downstream just needs to be flat. In the short term, the previous market trend will be maintained, with stable operation mainly.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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