Price trend  

According to the analysis system of the commodity market of SunSirs, as of February 23, the average price of high-quality rubber grade silica in China was 6,000 RMB/ton. This week, the market price of silica had risen narrowly, with a 1.12% increase compared to the same period last week. After the Spring Festival, the demand for silica in the market was still good, and enterprises had started to resume production one after another, with a significant increase in supply. Downstream demand was average, and the overall market was mainly focused on purchasing for basic needs. s of February 23,d the mainstream price was around 6,000 RMB/ton.

Analysis review

This week, the price of silica in the market had risen narrowly, with the mainstream price around 6,000 RMB/ton. The negotiation atmosphere was still good, and demand had slightly increased. The upstream cost side was generally supported, while downstream rigid demand procurement was the main focus. Inventory consumption was slow, and the overall market growth space was limited. Manufacturers mainly offered discounts for sales, and the number of new orders was limited. Latest quotations from enterprises: Jinan Jinrihe Chemical Co., Ltd. offered a price of 6,000 RMB/ton, Shandong Botao Group Co., Ltd. offerd a price of 5,600 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offeed a price of 6,000 RMB/ton. The overall price of silica was mainly stable.

Chemical index: On February 22, the chemical index was 876 points, a decrease of 1 point from the previous day, a decrease of 37.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs' silica analyst believes that in the short term, the silica market was mainly stable with a stronger trend, and the mainstream price is maintained at around 6,000 RMB/ton.

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