Price trend

According to the data monitored by SunSirs, as of May 19, the average price of domestic rubber-grade premium silica was 4,716.67 RMB/ton. Manufacturers were actively shipping, upstream support was average, downstream purchased just on demand, operating rate was normal, and the negotiation atmosphere was dull.  The mainstream price range was 4,000-5,000 RMB/ton, and the price would be stable in the short term.

Analysis review

The domestic rubber-grade silica market was generally stable, with stable prices. The transactions were mainly based on contract orders. The downstream purchased just on demand. The purchasing atmosphere was flat. The number of new orders was limited and most of them were negotiated. The business mentality was stable and the negotiation atmosphere was average. Merchants were cautious in picking up the goods, the ship was slow, the overall market supply and demand were in balance, shipping was normal, and inventory was average.

On May 18, the chemical index was 1,068 points, a decrease of 4 points from previous day, a decrease of 1.48% from the highest point in the cycle of 1,084 points (2021-05-13), and an increase of 78.60% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)

Market outlook

The silica analyst of SunSirs believes that the downstream demand is insufficient and the information on the upward trend is not obvious. In the short term, the domestic silica market will operate stably, the inventory is normal, the transactions are mainly based on contract orders. and the number of new orders is limited.

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