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SunSirs: Rubber-grade Silica Rises Slightly and Its Overall Market Is Mainly Stable

September 24 2020 20:57:26     SunSirs (John)

Price trend

According to the data monitored by SunSirs, as of September 23, the average price of domestic rubber-grade premium silica was 4,700 RMB/ton, and the domestic silica market saw a slight upward trend, up 1.44% from the beginning of the month.

Analysis review   

The domestic rubber-grade silica market has a slight upward trend. Currently, the sales are smooth, the negotiation atmosphere is acceptable, and the demand is not general. The downstream just needs to purchase mainly, the merchants are cautious in taking the goods, and the shipment is slow. The current price of fumed silica is about 22,000 RMB/ton, the domestic supply and demand of fumed silica is balanced, and sales are slow. Among them, the Changtai Micro-nano Factory in Shouguang City, Shandong Province is 5,300 RMB/ton, Shandong Lihua New Material Co., Ltd. 4,600 RMB/ton, Boai County Xiangsheng Silicon Fume Co. 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.

On September 22, the chemical index was 731 points, an increase of 1 point from previous day, a decrease of 28.05% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 22.24% 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 overall focus will be stable.

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