Price trend

According to the data monitored by SunSirs, the average price of domestic rubber-grade premium silica was 5,750.00 RMB/ton as of March 10. The silica market operated smoothly this week, and the price was stable compared with the same period last week, and the overall market operated smoothly.

Analysis review

This week, the silica market was mainly stable, and the price remained stable. The mainstream price was about 6,000 RMB/ton. The downstream purchase was based on demand, and the focus of negotiation was stable. The transaction was dominated by contract customers, and the number of new orders was limited. The latest quotation of the enterprise: 5,500 RMB/ton for Jinan Xinhou Trading Co., Ltd., 7,000 RMB/ton for Shandong Longhui Chemical Co., Ltd., 5,500 RMB/ton for Jinan Jinjinquan Trading Co., Ltd.

Chemical index: The chemical index reached 923 points on March 9, which was the same as the previous day, down 34.07% from the highest point of 1,400 points (2021-10-23) in the cycle, and up 54.35% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

The silica analyst of SunSirs believes that the silica market will maintain a stable trend in the short term.

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