SunSirs: The Silica Market Was Stable (December 18-25)
December 28 2023 10:02:27 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, cthe average price of high-quality rubber grade silica in China was 5,933.33 RMB/ton. This week, the silica market price remained stable, and the overall market supply and demand were balanced, with limited price fluctuations. Currently, the mainstream price was around 6,000 RMB/ton.
Analysis review
This week, the price of silica in the market remained stable, with the mainstream price around 6,000 RMB/ton. The negotiation atmosphere was flat, and downstream purchases were mainly for immediate needs, with average demand and weak stocking enthusiasm. Manufacturers mainly offered discounts and took orders, and the number of new orders was limited. Latest quotes from enterprises: Jinan Jinrihe Chemical Co., Ltd. quoted 6,000 RMB/ton, Shandong Botao Group Co., Ltd. quoted 5,600 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted 6,000 RMB/ton. Overall, the price of white carbon black was stable but weak.
Chemical index: On December 24th, 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).
Future analysis
SunSirs' silica analyst believes that in the short term, the silica market will mainly be stable, with mainstream prices around 6,000 RMB/ton.
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- 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
