SunSirs: The Silica Market Ran Smoothly (January 9-16)
January 18 2023 09:41:03 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the average price of domestic rubber-grade premium silica was 5,750.00 RMB/ton as of January 16. The silica market was running smoothly, with the mainstream price of about 6,000 RMB/ton, and the supply side was stable.
Analysis review
This week, the silica market mainly operated smoothly, and the price remained unchanged. The mainstream price was about 6,000 RMB/ton. The products was mainly supplied to contract customers, the new orders were limited and downstream purchased mainly on demand. As of the 16th, the supply side was normal. The company's latest quotation for silica: 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 index: On January 15, the chemical index stood at 911 points, which was the same as the previous day, down 34.93% from the peak of 1,400 points (2021-10-23) in the cycle, and up 52.34% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).
Market outlook
The silica analyst of SunSirs believes that the 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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