SunSirs: The Silica Market Was Stable in April
April 28 2023 11:34:29 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of April 27th, the average price of high-quality rubber grade silica in China was 6,025.00 RMB/ton. In April, the overall market for silica remained stable, with the mainstream price around 6,000 RMB/ton.
Analysis review
The silica market in April was mainly stable, and the overall price trend was stable. The prices of manufacturers were stable, and the mainstream price was 6000 RMB/ton. Downstream procurement was mainly on demand, and the focus of negotiations was average. The latest quotation from the enterprise: 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 Commodity Index: On April 26, the chemical index stood at 903 points, a decrease of 1 point from previous day, a decrease of 35.50% from the highest point in the cycle of 1,400 points (2021-10-23), and a 51.00% increase from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Market outlook
Analysts from SunSirs believe that the silica market is expected to be stable mainly.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 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
- 2024-03-25 SunSirs: The Silica Market Had Been Operating Steadily This Week (March 15-22)
- 2024-03-19 SunSirs: Supported by Favorable Costs, the Trend of Silica Was on the Rise
