Price trend

According to the data monitored by SunSirs, as of November 15, the average price of domestic rubber grade superior silica was 5,750.00 RMB/ton, and the overall market was stable and strong. Compared with the same period last week, the price of silica rose by a narrow range, with an overall increase of 1.77%. As of the 15th, the operating rate was stable, the purchasing atmosphere was general, and the trend will remain stable and strong in the short term.

Analysis review

The silica market was dominated by strong operation, with a price rise of 1.77% compared with the same period last week, and a narrow rise. The manufacturer mainly supplied contract customers. The overall market negotiation atmosphere was general, the willingness to stock up was not strong, and the operating rate remained stable. The latest quotation of enterprise silica: 5,800 RMB/ton for Jinan Jinrihe Chemical Co., Ltd., 7,000 RMB/ton for Shandong Longhui Chemical Co., Ltd., and 6,000 RMB/ton for Jinan Century Lianxing Economic and Trade Co., Ltd.

Chemical index: On November 14, the chemical index was 943 points, down 2 points from the previous day, down 32.64% from the cycle's highest point of 1,400 points (2021-10-23), and up 57.69% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

Market outlook

The silica analyst of SunSirs believes that the price of rubber grade silica will remain around 6,000 RMB/ton in the short term.

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