SunSirs: The Silica Market Ran Smoothly (December 2-9)
December 12 2022 14:24:31 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of December 9, the average price of domestic superior rubber grade silica was 5,750.00 RMB/ton, unchanged compared with the same period last week. The overall market was mainly stable. Compared with the same period last week, the price of silica was stable, and the mainstream price remained about 6,000 RMB/ton.
Analysis review
This week, the silica market was dominated by stable operation, the mainstream price was 6,000 RMB/ton, and the manufacturer's quotation did not fluctuate significantly. As of the 9th, it was mainly for contract customers. The overall market negotiation atmosphere was general, the operating rate was flat. The latest quotation of silica: Jinan Jinrihe Chemical Co., Ltd. 5,800 RMB/ton, Shandong Longhui Chemical Co., Ltd. 7,000 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. 6,000 RMB/ton.
Chemical industry index: On December 8, the chemical industry index was 926 points, down 3 points from the previous day, down 33.86% from the cycle's highest point of 1,400 points (2021-10-23), and up 54.85% from the lowest point of 598 points on April 8, 2020 (Note: the cycle refers to 2011-12-01 to now).
Market outlook
The silica analyst of SunSirs believes that the price of rubber grade silica will remain around 6,000 RMB/ton in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 2024-04-17 SunSirs: The Market for Silica Was Operating Steadily with a Stronger Bias (April 8-15)
- 2024-03-29 SunSirs: The Silica Market Was Weak in March
