Price trend

According to the data monitored by SunSirs, as of April 17, the average price of domestic rubber-grade silica was 6,325.00 RMB/ton, and the overall market was mainly stable. Compared with the same period last week, the price did not change significantly, and the overall market was stable. The supply side of the market was normal, and the purchase was mainly based on just-in-demand.

Analysis review

The market price of silica had a stable trend. Compared with the same period last week, the price had not changed. The overall market was balanced with supply and demand, and the downstream was mainly based on just-needed procurement, mainly for contract customers, logistics was smooth, and the atmosphere of market discussions was flat. The latest quotation of the enterprise: the price of silica from Jinan Jinrihe Chemical Co., Ltd. was 6,000 RMB/ton, the price of silica from Jinan Century Lianxing Economic and Trade Co., Ltd. was 6,000 RMB/ton, the price of silica from Foshan Shunde Jinchun Silicon Material Co., Ltd. was 9,100 RMB/ton, the price of silica (gas phase method) of Shandong Jiquan Biotechnology Co., Ltd. was 38,000 RMB/ton, the price of silica (precipitation method) of Shandong Jiquan Biotechnology Co., Ltd. was 8,200 RMB/ton, and the price of silica of Shandong Shouguang Taiweina chemical factory was 7,700 RMB/ton. The real order was negotiated, the manufacturer was active in shipping, and shipped by profit-cutting.

Upstream hydrochloric acid prices fell slightly as of April 15. The price of hydrochloric acid fell from 345.00 RMB/ton at the beginning of the week to 310.00 RMB/ton at the weekend, a decrease of 10.14%, and a year-on-year increase of 34.78%. SunSirs analysts believe that hydrochloric acid will fluctuate to rise slightly in the near future.

Chemical index ranking: On April 16, the chemical index was 1,164 points, the same as the previous day, down 16.86% from the highest point in the cycle of 1,400 points (2021-10-23), and up 94.65% from the lowest point of 598 points on April 08, 2020. (Note: The cycle refers to 2011-12-01 to the present)

Market outlook

The silica analyst of SunSirs believes that in the short term, the trend of rubber-grade silica is mainly stable, the supply and demand are balanced, and the price range is about 6,000-6,500 RMB/ton.

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