SunSirs: Domestic Rubber-Grade Silica Is Weakly Operating and the Sales Are Slow
August 28 2020 08:10:12 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of August 26, the average price of domestic rubber-grade premium silica was 4,566.67 RMB/ton. The domestic silica market is operating steadily, supply and demand are balanced, and just-needed purchases are the main focus.
Analysis review
The domestic rubber-grade silica market as a whole maintains stable operation, the trading atmosphere is normal, the negotiation atmosphere is flat, and the demand has not improved significantly. The downstream just needs to purchase mainly, the merchants are cautious in taking the goods, and the sales are slow. The domestic supply and demand of fumed silica is balanced, and the sales is slow. Changtai Micro-nano factory in Shouguang City, Shandong Province quoted 5,100 RMB/ton, Shandong Lihua New Materials Co., Ltd. quoted 4,600 RMB/ton, and Xiangsheng Silicon in Boai County Powder Co., Ltd. quoted 4,000 RMB/ton.
The upstream hydrochloric acid market manufacturers' quotations are temporarily stable, the trading atmosphere maintains the previous level, and the domestic hydrochloric acid market is mainly operating stably.
The chemical index on August 25 was 683 points, an increase of 2 points from previous day, a decrease of 32.78% from the highest point in the cycle of 1016 points (2012-03-13), and an increase of 14.21% 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 market will continue to operate stably in the short term, and the price will not change much.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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