SunSirs: The Silica Market Was Stable and Strong (November 1-7)
November 08 2022 10:56:30 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of November 7, the average price of domestic rubber grade superior silica was 5,650.00 RMB/ton. The overall market was stable and strong, and silica was mainly stable. The operating rate was stable, the purchasing atmosphere was general, the overall trend was strong, the market supply was normal, and the shipment was slow.
Analysis review
The silica market was mainly stable, and the price was relatively strong compared with the same period last week, with an increase of 0.89%. The manufacturer mainly supplied contract customers. The operating rate was stable, the overall market negotiation atmosphere was flat, the shipment was slow, and the overall market operation was stable. The latest quotation of the enterprise: the quotation of Jinan Jinrihe Chemical Co., Ltd. was 5,800 RMB/ton, that of Shandong Longhui Chemical Co., Ltd. was 7,000 RMB/ton, and that of Jinan Century Lianxing Economic and Trade Co., Ltd. was 6,000 RMB/ton.
Chemical index: On November 6, the chemical index was 950 points, unchanged from the previous day, 32.14% lower than the cycle's highest point of 1,400 points (2021-10-23), and 58.86% higher than the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
Market outlook
According to the silica analyst of SunSirs, the mainstream price of rubber grade silica is expected to be around 6000 RMB/ton in the short term.
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