Price trend

According to the Commodity Market Analysis System of the Business Society, as of June 16th, the average price of high-quality rubber grade silica in China was 6,025.00 RMB/ton. This week, the market price of silica remained stable, with a limited range of price fluctuations. As of 16th, the mainstream price was around 6,000 RMB/ton.

Analysis review

This week, the market price of silica was stable, with a mainstream price of around 6,000 RMB/ton. The focus of negotiations was stable, downstream demand procurement was mainly on demand, and stocking enthusiasm was average. The manufacturer was mainly willing to sell at a discount, and the number of new orders was limited. The latest quotations of traders: Ningbo Daoyuan Rubber and Plastic Technology Co., Ltd. quoted 4,650 RMB/ton, Jinan Xinhou Trading Co., Ltd. quoted 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted 6,000 RMB/ton, the overall price of silica maintained the previous trend.

Chemical Index: On June 15th, the chemical index stood at 812 points, a decrease of 2 points compared to the previous day, a decrease of 42.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 35.79% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

Business Society' silica analyst believes that the silica market is mainly stable in the short term.

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