SunSirs: The Demand for Domestic Rubber-grade Silica Was Poor and the Market Was in a Dilemma

Price trend

According to the data monitored by SunSirs, as of November 5th, the average price of domestic rubber-grade premium silica was 4,833.33 RMB/ton. It was running smoothly and just needed to be purchased. The price rose slightly. The overall supply and demand in the market were balanced. The quotation range remained at between 4,000-5,000 RMB/ton, the sales were smooth and the inventory was sufficient.

Analysis review

The domestic rubber-grade silica market is trending steadily. The current sales are smooth, the negotiation atmosphere is not good, the demand is not good, the downstream just needs to purchase mainly, the merchants are cautious in getting the goods, and the sales are slow. The current price of fumed white carbon is about 22,000 RMB/ton. The supply and demand of fumed silica are balanced, and sales are slow. The price of silica from Changtai Micronano Factory in Shouguang City, Shandong Province is 5,300 RMB/ton, the price of silica from Shandong Lihua New Material Co., Ltd. is 5,100 RMB/ton, and the price of silica from Xiangsheng Silicon Fume Co., Ltd. is 4,100 RMB/ton.

The upstream hydrochloric acid market manufacturers' quotations are temporarily stable, and the market maintains a stable trend. The quotations are mostly stable, and the trading atmosphere remains at the previous level. In the short term, the hydrochloric acid market is mainly operating stably.

The chemical index on November 4 was 799 points, a decrease of 7 points from previous day, a decrease of 21.36% from the highest point in the cycle of 1016 points (2012-03-13), and an increase of 33.61% 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 maintains a stable operation in the short term, and the price fluctuation range is limited.

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