SunSirs: In February, Silica Market Was Mainly Stable
March 02 2023 13:52:57 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 28, and the overall market of silica was stable in February, with no significant price change compared with the same period last month, and the mainstream price was about 6,000 RMB/ton.
Analysis review
In February, the silica market was dominated by stable operation, the overall price trend was stable, and the downstream procurement was just in needed, and the focus of negotiation was general. The company's latest silica quotation, 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: On February 27, 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
According to the silica analyst of SunSirs, it is expected that the silica market will run stably, with the mainstream price of 6,000 RMB/ton.
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