SunSirs: The Silica Market Was Stable and Strong (November 15-22)
November 23 2022 09:23:19 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of November 22, the average price of domestic superior rubber grade silica was 5,750.00 RMB/toon, and the overall market was stable and strong, which was stable compared with the price of silica in the same period last week.
Analysis review
The silica market mainly operated stably, and the manufacturer mainly supplied contract customers. The overall market negotiation atmosphere was general, the willingness to stock was not strong, and the operating rate remained stable. The latest quotation of enterprise silica: Jinan Jinrihe Chemical Co., Ltd. 5,800 RMB/toon, Shandong Longhui Chemical Co., Ltd. 7,000 RMB/toon, and Jinan Century Lianxing Economic and Trade Co., Ltd. 6,000 RMB/toon.
Chemical index: On November 21, the chemical index was 942 points, up 1 point from the previous day, down 32.71% from the cycle's highest point of 1,400 points (2021-10-23), and up 57.53% from 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
The silica analyst of SunSirs believes that the price of rubber grade silica will remain around 6,000 RMB/toon in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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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
