SunSirs: The Silica Market Was Stable (July 20-27)

https://www.chemnet.com   Jul 28,2023 SunSirs

　　Price trend

　　According to the Commodity Market Analysis System of SunSirs, as of July 27th, 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 27th, 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 based on demand, and stocking enthusiasm was average. The manufacturer was mainly selling at a discount for shipment, and the number of new orders was limited. The latest quotation from the enterprise: Shandong Haideng New Materials Co., Ltd. quoted 6,400 RMB/ton, Jinan Xinhou Trading Co., Ltd. quoted 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted 6,000 RMB/ton. The overall price of silica maintained the previous trend.

　　Chemical Index: On July 26th, the chemical index stood at 834 points, an increase of 4 points compared to the previous day, a decrease of 40.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 39.46% 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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