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SunSirs: The Silica Market Is Running Smoothly and the Supply and Demand Are Balanced
July 23 2021 14:23:48SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of July 22, the average price of domestic rubber-grade premium silica was 4,875.00 RMB/ton, and the mainstream price range was 4,500-5,000 RMB/ton. The silica market is running smoothly, the supply side is normal, the manufacturers are actively shipping, the upstream support is general, the downstream is just in need of purchase, the overall operating rate is normal, the negotiation atmosphere is flat, and the price is stable in the short term.

Analysis review

The domestic rubber-grade silica market is trending steadily as a whole, with mainstream prices ranging of 4,500-5,000 RMB/ton. The quotations of upstream hydrochloric acid from manufacturers are temporarily stable, and the overall market is average, mainly based on stable operation. Silica transactions are mainly based on contract orders, and the number of new orders is limited. The overall market procurement atmosphere is dull, and most of them are based on negotiation. Merchants have a stable mentality, the focus of negotiations is stable, merchants are cautious in obtaining goods, shipments are slow, and the overall market is balanced between supply and demand.

On July 21, the chemical index was 1,101 points, an increase of 2 points from previous day, setting a new historical high in the cycle, and an increase of 84.11% 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 in the short term, silica will maintain stable operation and the price fluctuation range is limited.

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

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