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SunSirs: On January 6th, Domestic Rubber-grade Silica Weakly Operated

January 07 2021 11:02:09     SunSirs (John)

Price trend

According to the data monitored by SunSirs, as of January 6th, the average price of domestic rubber-grade high-quality silica was 4,700.00 RMB/ton. The market was running smoothly. The downstream just needed to buy, and the market was on-the-go. The overall market supply and demand was in balance and maintained between 4,000-,5,000 RMB/ton, sales were smooth, and inventory was sufficient.

Analysis review  

The domestic rubber-grade silica market is trending steadily, the demand has not increased significantly, the purchasing atmosphere is flat, and the willingness to stock up near the Spring Festival is not strong, mostly contract customers, the number of new orders is limited, the current delivery is smooth, the negotiation atmosphere is normal, and the downstream just needs to purchase mainly, merchants are cautious in obtaining goods, and sales are slow. As to 6th, the price of fumed silica was about 22,000 RMB/ton. The domestic supply and demand for fumed silica was balanced, the sales was average, the operating rate was normal, and the focus of negotiation was stable.

The upstream hydrochloric acid market manufacturers' quotations are temporarily stable, the supply side is normal, the purchasing enthusiasm is normal, and the market maintains a stable trend. The quotations are mostly stable. The trading atmosphere maintains the previous level. As to 6th, the quotations in North China and Northeast China were stable. In the short term, the hydrochloric acid market is dominated by stable operation.

The chemical index on January 5 was 833 points, a decrease of 3 points from previous day, a decrease of 18.01% from the highest point in the cycle of 1,016 points (2012-03-13), and an increase of 39.30% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 till now)

Market outlook

The silica analyst of SunSirs believes that the silica market maintains a stable operation in the short term, and the price fluctuation range is limited.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.

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