Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 28th, the average price of high-quality rubber grade silica in China was 6,025.00 RMB/ton. In July, the market price of silica remained stable, with limited price fluctuations. As of July 28th, the mainstream price was around 6,000 RMB/ton, and the overall market supply and demand was balanced.

Analysis review

In July, the silica market price was mainly stable, with the mainstream price of around 6,000 RMB/ton. The negotiation center was stable, and the overall market supply and demand were balanced, with little price fluctuations. Downstream procurement was mainly based on demand, and the enthusiasm for stocking was average. Manufacturers mainly gave up profits for sales, but the number of new orders was limited. The latest quotation from the enterprise: Shandong Haideng New Materials Co., Ltd. offered a price of 6,400 RMB/ton, Jinan Xinhou Trading Co., Ltd. offered a price of 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 RMB/ton. The overall price of silica maintained the previous trend.

Chemical Index: On July 27th, the chemical index stood at 839 points, an increase of 5 points compared to the previous day, a decrease of 40.07% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 40.30% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

SunSirs' silica analyst believes that the silica market will be mainly stable in the short term.

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