Price trend

According to the data monitored by SunSirs, as of March 17, the average price of domestic rubber grade premium silica was 5,750.00 RMB/ton. This week, the silica market operated smoothly, the price was stable compared to the same period last week, with the overall market operating smoothly, the mainstream price was 5,700 RMB/ton.

Analysis review

This week, the silica market was mainly stable, and the price remained stable. The mainstream price was around 6,000 RMB/ton. The focus of negotiations was stable, mainly contract customers. Downstream procurement was based on demand, and the number of new orders was limited. The company's latest quotation for silica: Jinan Xinhou Trading Co., Ltd. 5,500 RMB/ton, Shandong Longhui Chemical Co., Ltd. 7,000 RMB/ton, Jinan Jinjinquan Trading Co., Ltd. 5,500 RMB/ton.

Chemical index: On March 16, the chemical index stood at 920 points, unchanged from the previous day, down 34.29% from the cycle's highest point of 1,400 points (2021-10-23), and up 53.85% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now).

Market outlook

The silica analyst of SunSirs believes that the silica market is mainly stable in the short term.

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