SunSirs: The Silica Market Was Operating Stably (December 1-8)
December 11 2023 15:31:32 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of December 8th, the average price of high-quality rubber grade silica in China was 5,933.33 RMB/ton. This week, the market price of silica remained stable, with the mainstream price around 6,000 RMB/ton.
Analysis review
This week, the market price of silica had remained stable, with the mainstream price around 6,000 RMB/ton. The negotiation atmosphere was still good, and downstream procurement was mainly on demand, demand was average and stocking enthusiasm was weak. Manufacturers mainly offered discounts to get orders, and the number of new orders was limited. Latest quotations from enterprises: Jinan Jinrihe Chemical Co., Ltd. offered a price of 6,000 RMB/ton, Shandong Botao Group Co., Ltd. offered a price of ,5800 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 RMB/ton. Overall, the price of silica was stable but weak.
Chemical index: On December 7th, the chemical index was 876 points, unchanged from the previous day, a decrease of 37.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Market outlook
SunSirs' silica analyst believes that in the short term, the silica market is stable, with a weaker trend, and the mainstream price is around 6,000 RMB/ton.
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