SunSirs: The Silica Market Ran Smoothly (February 3-10)
February 13 2023 14:01:15 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 February 10. The silica market was running smoothly, with stable prices and stable supply compared with the same period last week.
Analysis review
This week, the silica market was mainly stable, and with limited price fluctuation. The mainstream price was about 6,000 RMB/ton. The downstream purchased just on demand, the shipment was smooth, the new order was limited, and mainly supplied the contract customer, the focus of negotiation remained stable.
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 February 9, the chemical index was 932 points, which was the same as the previous day, down 33.43% from the highest point of 1,400 points (2021-10-23) in the cycle, and up 55.85% 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 believes that the silica market will maintain its early trend 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
