SunSirs: The Silica Market Was Mainly Stable (May 19-26)

https://www.chemnet.com   May 29,2023 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, as of May 26, the average price of domestic rubber grade high-quality silica was 6,025.00 RMB/ton, which had not changed significantly compared with the price of the same period last week. This week, the price of silica market was mainly stable, and the mainstream price was about 6,000 RMB/ton.

　　Analysis review

　　This week, the price of silica market was stable. The mainstream price was about 6,000 RMB/ton. The focus of the negotiation was stable. The downstream purchased just in needed. The enthusiasm for stocking goods was general. The number of new orders was limited. The latest quotation of enterprises: Shandong Haideng New Materials Co., Ltd. was priced at 5,800 RMB/ton, Jinan Xinhou Trading Co., Ltd. was priced at 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. was priced at 6,000 RMB/ton.

　　Chemical Commodity Index: On May 25th, the chemical index stood at 863 points, a decrease of 3 points from the previous day, a decrease of 38.36% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 44.31% 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 the silica market will mainly be stable in the short term.

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