SunSirs: The Silica Market Ran Smoothly (February 17-24)
February 28 2023 10:44:09 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 24. The silica market was operating smoothly this week. Compared with the same period last week, the price was stable, the overall market supply and demand was balanced, and the price fluctuation was limited.
Analysis review
This week, the silica market was mainly stable, and the price remained stable. The mainstream price was about 6,000 RMB/ton. The downstream purchase was based on demand, the negotiation price center was stable, mainly supplied contract customers, the number of new orders was limited. The company's latest quotation for white carbon: 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: On February 23, the chemical index was 917 points, up 2 points from the previous day, down 34.50% from the highest point of 1,400 points in the cycle (2021-10-23), and up 53.34% 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 maintain stable operation in the short term, and the price will maintain about 6,000 RMB/ton.
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)
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