SunSirs: The Domestic Silica Market Was Trending Stable This Week (June 21-25)
June 28 2021 14:18:28 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of June 25, the average price of domestic rubber-grade premium silica was 4,733.33 RMB/ton. The downstream purchased just on demand, the manufacturers were actively shipping, the upstream support was average, the overall operating rate was normal, and the negotiation atmosphere was dull. The mainstream price was in the range of 4,000-5,000 RMB/ton, and the price would be stable in the short term.
Analysis review
This week, the domestic rubber-grade silica market was trending steadily. The mainstream price range was 4,500-5,000 RMB/ton, mainly based on contract orders. The downstream purchased just on demand, the purchasing atmosphere was dull, the number of new orders was limited, and most of them were mainly negotiated. Merchants had a stable mentality and a general negotiation atmosphere. Merchants were cautious in purchasing goods, and shipments were slow. The overall market was balanced between supply and demand, shipments were normal, and inventories were average.
On June 24, the chemical index was 1,044 points, which was the same as previous day. It was 3.69% lower than the highest point in the cycle of 1,084 points (2021-05-13), and 74.58% higher than 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 downstream demand is general, the silica maintains a stable operation, and the price fluctuation range is limited.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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