SunSirs: The Silica Market Was Stable in May
June 02 2023 09:35:50 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of May 31, the average price of domestic rubber grade high-quality silica was 6,025.00 RMB/ton. In May, the market price of silica was mainly stable and the price fluctuation range was limited. On May 31, the mainstream price was about 6,000 RMB/ton.
Analysis review
On the whole, the price of silica market in May was stable, with the mainstream price of about 6,000 RMB/ton. The focus of the negotiation was stable. The downstream procurement was mainly based on demand, and the enthusiasm for goods preparation was general. The manufacturers gave up their profits for sales, and the number of new orders was limited. The enterprises’ latest quotations: Ningbo Daoyuan Rubber and Plastic Technology Co., Ltd. quoted 4,650 RMB/ton, Jinan Xinhou Commerce and Trade Co., Ltd. quoted 5,500 RMB/ton, and Jinan Century Lianxing Economy and Trade Co., Ltd. quoted 6,000 RMB/ton. The overall price of silica maintained the previous trend.
Chemical commodity index: On May 30th, the chemical index was 850 points, a decrease of 3 points from the previous day, a decrease of 39.29% from the highest point in the cycle of 1,400 points (2021-10-23), and a 42.14% increase from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Market outlook
SunSirs’ silica analyst believes that in the short term, the silica market will mainly be stable, and the range of price fluctuations is limited.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 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
- 2024-03-07 SunSirs: Insufficient Momentum for rise, the Silica Market Was Weakly Downward
