SunSirs: The Silica Market Mainly operated stably (October 10-17)

Price trend

According to the data monitored by SunSirs, as of October 17, the average price of domestic superior rubber grade silica was 5,600.00 RMB/ton, unchanged compared with the same period last week. On the 17th, the silica was running smoothly. The merchants gave up their profits to sell goods. The overall market supply and demand were balanced. The purchasing atmosphere was general, and the overall trend was stable. The market supply was normal, the operating rate was stable, and the downstream purchased just on demand.

Analysis review

The silica market was mainly stable, and the price change was not obvious compared with the same period last week. The downstream purchased just on demand., mainly supplying customers with contracts. The operation rate was stable, the logistics was smooth, the market negotiation atmosphere was flat, the manufacturer's shipment was active, and the overall market was stable. The latest quotation of enterprise silica: 5,800 RMB/ton for Jinan Jinrihe Chemical Co., Ltd., 7,000 RMB/ton for Shandong Longhui Chemical Co., Ltd., and 6,000 RMB/ton for Jinan Century Lianxing Economic and Trade Co., Ltd.

Upstream hydrochloric acid: As of October 17, the market trend of hydrochloric acid rose, the price rose, the recent market of upstream liquid chlorine rose slightly, and the cost support was good, with Liaocheng Huatong 100 RMB/ton and Xiangcheng San'an 350 RMB/ton.

Chemical industry index: On October 16, the chemical industry index was 1,005 points, unchanged from the previous day, down 28.21% from the peak 1,400 points (2021-10-23) in the cycle, and up 68.06% from the lowest 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

Market outlook

The silica analyst of SunSirs thinks that the rubber grade silica is mainly stable, and the current mainstream price is about 6,000 RMB/ton.

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