SunSirs: The Silica Market Was Mainly Running Smoothly (September 20-27)

Price trend

According to the data monitored by SunSirs, as of September 27, the average price of domestic rubber-grade silica was 5,625.00 RMB/ton, down 3.02% from the same period last week. Silica was running in a narrow range and weak, merchants made profits-cutting for sales, the overall market supply and demand was balanced, the negotiation atmosphere was general, the overall trend was stable, and the market supply and demand was in a balanced state. The supply side of the market was normal, the operating rate was stable, and the purchase was mainly based on just-in-demand.

Analysis review

The market price of silica had a downward trend, which was weaker than that of the same period last week. The downstream just needed to purchase mainly, mainly for contract customers, the operating rate was stable, the logistics was smooth, the market negotiation atmosphere was flat, the manufacturers were actively shipping, and the overall market was running smoothly. The company's latest quotation: the price of silica from Shandong Longhui Chemical Co., Ltd. was 7,000 RMB/ton, the price of silica from Jinan Jinrihe Chemical Co., Ltd. was 5,800 RMB/ton, the price of silica from Shandong Botao Group Co., Ltd. was 5,800 RMB/ton, the price of silica from Foshan Shunde Jinchun Silicon Material Co., Ltd. was 8,800 RMB/ton, and the price of white carbon from Jinan Century Lianxing Economic and Trade Co., Ltd. was 6,000 RMB/ton.

Upstream hydrochloric acid: As of September 26, the recent market price of upstream liquid chlorine had risen slightly, and the cost support had been strengthened. The downstream ammonium chloride and polyaluminum chloride prices fell slightly, and the willingness to purchase of downstream was average. Liaocheng Huatong's hydrochloric acid was 100 RMB/ton, Xiangcheng San'an's hydrochloric acid was 300 RMB/ton, and Shanxi Wenshui's hydrochloric acid was 100 RMB/ton.

Chemical Index: On September 26, the chemical index was 981 points, an increase of 1 point from the previous day, a decrease of 29.93% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 64.05% from the lowest point of 598 points on April 08, 2020. (Note: The cycle refers to 2011-12-01 to the present).

Market outlook

The silica analyst of SunSirs believes that: the rubber-grade silica is mainly based on stable operation, the mainstream price is about 6,000 RMB/ton, and the price fluctuation range is limited.

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