SunSirs: The Silica Market Was Mainly Stable in August
September 01 2023 09:34:10 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of August 31st, the average price of domestic rubber grade premium silica was 6,025.00 RMB/ton. In August, the market price of silica remained stable, with limited price fluctuations. As of August 31st, the mainstream price was around 6,000 RMB/ton, and the overall market supply and demand was balanced.
Analysis review
The market price for silica was mainly stable in August, with a mainstream price of around 6,000 RMB/ton. The negotiation center was stable, and the overall market supply and demand was balanced, with little price fluctuations. Downstream procurement was mainly based on demand, and the enthusiasm for stock preparation was average. Manufacturers mainly gave up profits for sales, but the number of new orders was limited. The latest quotation from the enterprise: Shandong Haideng New Materials Co., Ltd. quoted 6,400 RMB/ton, Jinan Xinhou Trading Co., Ltd. quoted 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted 6,000 RMB/ton. The overall price of silica maintained the previous trend.
Chemical Index: On August 29, the chemical index stood at 921 points, an increase of 4 points compared to the previous day, a decrease of 34.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 54.01% 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
SunSirs' silica analyst believes that the silica market will mainly be stable in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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