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SunSirs: The Silica Market Is Running Smoothly This Week (August 30-September 3)
September 03 2021 11:06:08SunSirs(John)

Price trend

According to the data monitored by SunSirs, as of September 3, the average price of domestic rubber-grade premium silica was 5,100.00 RMB/ton. This week, the silica has been running smoothly, the price fluctuation is not obvious, the supply and demand are balanced, and the room for growth is limited.

Analysis review

The silica market is operating smoothly this week. The overall market supply and demand are balanced. The downstream purchases just on-demand. The purchasing atmosphere is general, and the buyers are contract customers mainly. The number of new orders is limited. Currently, the inventory is normal, the manufacturers are actively shipping, the logistics is smooth, and the operating rate is normal.

The upstream hydrochloric acid quotation is temporarily stable, Dezhou Maihua’s hydrochloric acid quotation is 150 RMB/ton, Shanxi Wenshui’s hydrochloric acid quotation is 230 RMB/ton, Dezhou Shihua’s hydrochloric acid quotation is 500 RMB/ton, and the price has not changed significantly, and mainly for contract customers.

On September 2, the chemical index was 1,138 points, an increase of 1 point from previous day, setting a record high in the cycle, and an increase of 90.30% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 till now)

Market outlook

The silica analyst of SunSirs believes that the silica is expected to run smoothly in the short term.

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

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