SunSirs: The Silica Market Ran Smoothly (February 13-17)
February 21 2023 13:56:25 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 17. The silica market was running smoothly, and the price was stable compared with the same period last week, and the overall market supply was stable.
Analysis review
This week, the silica market was dominated by stable operation, and the price maintained the previous trend. The mainstream price was about 6,000 RMB/ton. There was no desire to store goods in the downstream, and the purchase was based on demand. Mainly contract customers, the number of new orders was limited, and the focus of negotiation remained stable. The company's latest quotation for silica: Shandong Haideng New Material Co., Ltd. 5,800 RMB/ton, Jinan Century Lianxing Economic and Trade Co., Ltd. 6,000 RMB/ton, Jinan Jinrihe Chemical Co., Ltd. 5,800 RMB/ton.
Chemical index: The chemical index was 921 points on February 16, down 1 point from the previous day, down 34.21% from the highest point of 1,400 points in the cycle (2021-10-23), and up 54.01% 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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