SunSirs: Silica Market Was Stable (March 10-17)
March 21 2023 13:48:24 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of March 17, the average price of domestic rubber grade premium silica was 5,750.00 RMB/ton. This week, the silica market operated smoothly, the price was stable compared to the same period last week, with the overall market operating smoothly, the mainstream price was 5,700 RMB/ton.
Analysis review
This week, the silica market was mainly stable, and the price remained stable. The mainstream price was around 6,000 RMB/ton. The focus of negotiations was stable, mainly contract customers. Downstream procurement was based on demand, and the number of new orders was limited. The company's latest quotation for silica: Jinan Xinhou Trading Co., Ltd. 5,500 RMB/ton, Shandong Longhui Chemical Co., Ltd. 7,000 RMB/ton, Jinan Jinjinquan Trading Co., Ltd. 5,500 RMB/ton.
Chemical index: On March 16, the chemical index stood at 920 points, unchanged from the previous day, down 34.29% from the cycle's highest point of 1,400 points (2021-10-23), and up 53.85% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now).
Market outlook
The silica analyst of SunSirs believes that the silica market is mainly stable in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 2024-04-23 SunSirs: The Silica Market Had Been Operating Steadily This Week (April 12-19)
- 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
