SunSirs: The Domestic Rubber-grade Silica Market Was Operating Smoothly This Week (November 16-20)

Price trend

According to the data monitored by SunSirs, as of November 20, the average price of domestic rubber-grade premium grade silica was 4,766.67 RMB/ton. The market was running smoothly, with just-needed purchases, the focus of negotiation was stable, the overall market supply and demand were balanced, and the quotation range remained at between 4,000-5,000 RMB/ton, the sales were smooth and the inventory was sufficient.

Analysis review   

The rubber-grade silica market was operating steadily. The manufacturers’ quotations were stable, the negotiation atmosphere was not good, and the demand was not good. The downstream mainly focused on just-needed purchases, with cautious acquisition. Sales were slow and logistics was smooth. As of November 20, the price of fumed silica was around 22,000 RMB/ton. The domestic supply and demand for fumed silica was balanced, and sales were slow. Changtai Micro-Nano Factory in Shouguang City, Shandong Province Rubber-grade silica 5,300 RMB/ton, Shandong Lihua New Material Co., Ltd. rubber-grade silica 4,800 RMB/ton, Boai County Xiangsheng Silicon Fume Co., Ltd. rubber-grade silica 4,200 RMB/ton

The upstream hydrochloric acid market price rose slightly, the downstream just needed to purchase, the trading atmosphere remained at the previous level, and the cost support was average, and the current state was maintained in the short term.

The chemical index on November 19 was 854 points, an increase of 6 points from previous day, a decrease of 15.94% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 42.81% 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 range of price fluctuations is limited.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.