SunSirs: The Silica Market Ran Smoothly (December12-17)
December 20 2022 14:15:19 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of December 17, the average price of domestic rubber grade silica was 5,750.00 RMB/ton, unchanged compared with the same period last week, and the overall market was mainly stable.
Analysis review
This week, the silica market was dominated by stable operation, with the mainstream price of 6,000 RMB/ton. It was mainly for contract customers, and the overall market negotiation atmosphere was general. The latest silica quotation of the enterprise: Jinan Jinrihe Chemical Co., Ltd. 5,800 RMB/ton, Jinan Century Lianxing Economic and Trade Co., Ltd. 6,000 RMB/ton, Shandong Longhui Chemical Co., Ltd. 7,000 RMB/ton.
Chemical commodity index: On December 16, the chemical index was 930 points, up 1 point from the previous day, down 33.57% from the cycle's highest point of 1,400 points (2021-10-23), and up 55.52% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
Market outlook
The silica analyst of SunSirs believes that the rubber grade silica market will operate stably in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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