SunSirs: The Demand Is Insufficient and Domestic Rubber-grade Silica Market Is Running Stably

Price trend

According to the data monitored by SunSirs, as of April 20, the average price of domestic rubber-grade premium grade silica was 4,733.33 RMB/ton. The support from upstream was average, downstream demand was limited, operating rates were normal, the negotiation atmosphere was dull, and the mainstream price range was in 4,000-5,000 RMB/ton, the price was stable operation.

Analysis review

The domestic rubber grade silica market has a stable overall trend and stable price. The sales are mainly contract orders, and the downstream are mostly just need purchase. The purchasing atmosphere is flat, the number of new orders is limited, and most of them are mainly negotiation. The merchants have a stable mentality, and the negotiation atmosphere is general. The merchants take the goods carefully, and the delivery is slow. The overall market supply and demand is balanced, the delivery is normal, and the inventory is general.

Chemical industry index: on April 19, the chemical industry index was 1,035 points, up 9 points from previous day, down 1.33% from 1,049 points (2021-03-10), the highest point in the cycle, and up 73.08% from 598 points, the lowest point on April 8, 2020. (Note: period refers to the period from December 1, 2011 to now)

The upstream hydrochloric acid market has a stable trend, the quotation of manufacturers in the hydrochloric acid market is temporarily stable, and the hydrochloric acid market maintains a stable operation in the short term. The hydrochloric acid index: on April 19, the hydrochloric acid commodity index was 59.65, down 0.88 points from previous day, down 40.35% from the highest point of 100.00 points in the cycle (2011-09-12), and up 231.76% from the lowest point of 17.98 points on September 5, 2012. (Note: period refers to 2011-09-01 to now).

Market outlook

According to the silica analysts of SunSirs, the silica market is stable, mainly for contract customers, and the number of new orders is limited.

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