SunSirs: In January, the Silica Market Was Dominated by Stable Operation
February 02 2023 13:43:47 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 31. In January, the overall market price of silica was mainly upward, and the price change was not obvious compared with the same period last month. As of the 31st, the downstream procurement was mainly based on rigid demand, and the mainstream price was about 6,000 RMB/ton.
Analysis review
In January, the silica market was dominated by stable operation, the overall price trend was stable, and the downstream procurement was mainly based on just needed, and the focus of negotiation was general. The company's recent quotation for silica: Jinan Jinrihe Chemical Co., Ltd. 5,800 RMB/ton, Jinan Xinhou Trade Co., Ltd. 5,800 RMB/ton, Shandong Botao Group Co., Ltd. 5,300 RMB/ton.
Chemical commodity index: The chemical index stood at 926 points on January 30, up 3 points from the previous day, down 33.86% from the highest point of 1,400 points in the cycle (2021-10-23), and up 54.85% 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 Society expects that the silica market will mainly run stably.
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