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SunSirs: Domestic Demand for Rubber Grade Silica Is General and the Trend Is Stable
May 12 2021 14:16:01SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of May 11, the average price of domestic rubber-grade premium grade silica was 4,716.67 RMB/ton. The upstream support was average, the downstream demand was limited, the operating rate was normal, the negotiation atmosphere was dull, and the mainstream price range was in 4,000-5,000 RMB/ton, the price was stable mainly.

Analysis review

The domestic rubber grade silica market trend is stable as a whole, the price is stable, the main contract orders are mainly, the downstream just need to purchase, the purchasing atmosphere is flat, the number of new orders is limited, most of them focus on negotiation, the business mentality is stable, the negotiation atmosphere is general, the business take the goods carefully, the shipment is slow, the overall market supply and demand is balanced, the shipment is normal, the inventory is general.

On May 10, the chemical index was 1,077 points, an increase of 9 points from previous day, a record high in the cycle, and an increase of 80.10% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)

For the upstream hydrochloric acid, the manufacturer's quotation is temporarily stable, and the overall market is general. The downstream just needs to purchase mainly, the trend is stable in the short term, and the inventory has no pressure. Hydrochloric acid index: On May 10, the hydrochloric acid commodity index was 59.65, the same as previous day, a decrease of 40.35% from the highest point in the cycle of 100.00 points (2011-09-12), and an increase of 231.76% from 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 domestic silica market is operating stably, the inventory is normal, and the main supply is to contract customers. The number of new orders is limited.

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

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