Price trend

According to the analysis system of the commodity market of SunSirs, as of November 7th, the average price of high-quality rubber grade silica in China was 6,033.33 RMB/ton. This week, the market price of silica declined narrowly, and the overall price remained stable this week. As of November 7th,  the mainstream price was around 6,000 RMB/ton.

Analysis review

This week, the market price of silica remained stable, with a mainstream price of around 6,000 RMB/ton. The negotiation atmosphere was decent, and downstream procurement was mainly based on demand and demand was average. The enthusiasm for stocking up was not strong, and manufacturers were mainly willing to offer discounts for sales. The number of new orders was limited. The latest quotation from the enterprise: Jinan Jinrihe Chemical Co., Ltd. offered a price of 6000 RMB/ton, Shandong Botao Group Co., Ltd. offered a price of 5800 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offersed a price of 6000 RMB/ton. The overall price of silica was stable and weaker.

Chemical Index: On November 6th, the chemical index stood at 866 points, a decrease of 1 point from the previous day, a decrease of 38.14% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.82% 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

SunSirs's silica analyst believes that in the short term, the silica market is stable and weaker.

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