Price trend

According to the analysis system of the commodity market of SunSirs, as of November 22, the average price of high-quality rubber grade silica in China was 6,000 RMB/ton. This week, the market price of silica remained stable, with the mainstream price 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 good, downstream procurement was mainly on demand and demand was average. The enthusiasm for stocking up was not strong, and manufacturers were mainly willing to give up profits for sales. The number of new orders was limited. The latest quotations from the enterprises: Jinan Jinrihe Chemical Co., Ltd. offered a price of 6,000 RMB/ton, Shandong Botao Group Co., Ltd. offered a price of 5,800 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 RMB/ton. The overall price of silica was stable and weaker.

Chemical Index: On November 21, the chemical index stood at 868 points, an increase of 1 point compared to the previous day, a decrease of 38.00% from the cycle's highest point of 1,400 points (2021-10-23), and a 45.15% increase 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 in the short term, the silica market is stable and weaker.

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