SunSirs: Silica Market Was Stable and Stronger in March
April 03 2023 10:28:04 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of March 31, the average price of domestic rubber grade premium silica was 6,025.00 RMB/ton. In March, the overall market for silica operated in a narrow range, with an overall increase of 4.78% in March and the mainstream price on March 31 was around 6,000 RMB/ton.
Analysis review
In March, the silica market was mainly stable and stronger and the overall price trend was relatively stronger. The manufacturer's price rose, with the price at the beginning of the month being 5,750 RMB/ton, and the price at the end of the month being 6,025 RMB/ton. Downstream, procurement was mainly on demand, with a general focus of negotiation. The company's latest quotation for silica: Jinan Jinrihe Chemical Co., Ltd. 5,800 RMB/ton, Jinan Xinhou Trading Co., Ltd. 5,800 RMB/ton, Shandong Botao Group Co., Ltd. 5,300 RMB/ton.
Chemical index: On March 30, the chemical index stood at 912 points, down 2 points from the previous day, down 34.86% from the cycle's highest point of 1,400 points (2021-10-23), and up 52.51% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now).
Market outlook
According to the silica analyst from SunSirs, it is expected that the silica market will be stable and stronger, with the mainstream price of 6,000 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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