Price trend

According to the analysis system of the commodity market of SunSirs, as of November 29th, the average price of high-quality rubber grade silica in China was 6,000 RMB/ton. In November, the silica market price remained stable and slightly stronger. The overall price of silica in November was increased by 1.1%, about 6,000 RMB/ton. Manufacturers mainly offered discounts to sell, while the mainstream price was around 6,000 RMB/ton. The overall market supply and demand were balanced, and the focus of negotiations was stable. Manufacturers mainly offered discounts for sales.

Analysis review

In November, the market price of silica slightly increased, with the mainstream price around 6,000 RMB/ton. As of November 29th, the focus of negotiations was stable, the overall market supply and demand was balanced, and the price fluctuation range was limited. Downstream procurement was the mainly on demand, and insufficient demand was difficult to boost. The market's stocking enthusiasm was average, and the number of new orders was limited. Latest quotations from enterprises: Shandong Haideng New Materials Co., Ltd. offered a price of 6,400 yuan/ton, Jinan Xinhou Trading Co., Ltd. offereda price of 5,500 yuan/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 yuan/ton. The overall price of silica maintained the previous trend.

Chemical index: On November 28th, the chemical index was 870 points, unchanged from the previous day, a decrease of 37.86% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 45.48% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs's silica analyst believes that in the short term, the silica market will mainly operate steadily, with the mainstream price range around 6,000 RMB/ton.

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