SunSirs: The Silica Market Was Mainly Stable (5.12-5.19)

https://www.chemnet.com   May 22,2023 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs community, as of May 19, the average price of domestic rubber grade premium silica was 6,025.00 RMB/ton, which had no significant change compared with the price of the same period last week. The market price of silica was stable this week. As of the 19th, the mainstream price was about 6,000 RMB/ton.

　　Analysis review

　　The price of silica market was stable this week, with the mainstream price of about 6,000 RMB/ton. The focus of negotiation was stable. The downstream purchased mainly just in needed. The enthusiasm for stocking up was general, and the number of new orders was limited. The latest quotation from the enterprises: Ningbo DaoRMB/ton Rubber and Plastic Technology Co., Ltd. 4,650 RMB/ton, Jinan Xinhou Trading Co., Ltd. 5,500 RMB/ton, Jinan Century Lianxing Economic and Trade Co., Ltd. 6,000 RMB/ton.

　　Chemical Index: On May 18th, the chemical index stood at 875 points, a decrease of 3 points from previous day, a decrease of 37.50% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.32% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

　　Market outlook

　　SunSirs’silica analyst believes that in the short term, the silica market will mainly operate stably.

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