Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 24th, 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 August 24th, the mainstream price was around 6,000 RMB/ton.

Analysis review

This week, the market price of silica was stable, with the mainstream price of around 6,000 RMB/ton. The focus of negotiations was stable, downstream procurement was mainly on demand, and the enthusiasm for stocking was average. Manufacturers mainly offered discounts for sales, but the number of new orders was limited. The latest quotation from the enterprise: Shandong Haideng New Materials Co., Ltd. quoted 6,400 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 August 23, the chemical index stood at 896 points, an increase of 1 point compared to the previous day, a decrease of 36.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 49.83% 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 is mainly stable in the short term.

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