SunSirs: The Silica Market Was Stable (July 5-12)

https://www.chemnet.com   Jul 14,2023 SunSirs

　　Price trend

　　According to the Commodity Market Analysis System of SunSirs, as of July 12, the average price of high-quality rubber grade silica in China was 6,025.00 RMB/ton. This week, the market price of silica remained stable, with a limited range of price fluctuations. As of July 12, the mainstream price was around 6,000 RMB/ton.

　　Analysis review

　　This week, the market price of silica was stable, with the mainstream price of around 6,000 RMB/ton. The focus of negotiations was stable, downstream procurement was mainly on demand, and stocking enthusiasm was average. The manufacturer was mainly willing to sell at a discount, and the number of new orders was limited. Latest quotation from the enterprise: Shandong Haideng New Materials Co., Ltd. offered a price of 6,400 RMB/ton, Jinan Xinhou Trading Co., Ltd. offered a price of 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 RMB/ton. The overall price of silica maintained the previous trend.

　　Chemical Index: On July 10th, the chemical index stood at 806 points, an increase of 2 points compared to the previous day, a decrease of 42.43% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 34.78% from the lowest point of 598 points on April 8th, 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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