Price trend
According to the data monitored by SunSirs, as of March 29, the average price of domestic rubber-grade premium grade silica was 4,733.33 RMB/ton. The silica market is mainly operating steadily, the downstream just needs to purchase, the traders are actively shipping, the negotiation atmosphere is flat, and the mainstream price range is 4,000-5,000 RMB/ton.
Analysis review
The domestic rubber-grade silica market is trending steadily as a whole, with stable prices, mainly contract orders, and downstream just-need purchases. The purchasing atmosphere is flat, and the number of new orders is limited. Most of them are negotiated. Merchants have a stable mentality and general negotiation atmosphere. Merchants are cautious in taking goods, shipment is slow, overall market supply and demand are balanced, shipments are normal, and inventory is average.
On March 28, the chemical index was 1012 points, the same as previous day. It was a decrease of 3.53% from the highest point in the cycle of 1,049 points (2021-03-10), and an increase of 69.23% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)
The upstream hydrochloric acid market is operating weakly, with poor cost support, reduced demand, high inventory, and slow consumption. The Hydrochloric Acid Commodity Index on March 28 was 52.63, the same as previous day, a decrease of 47.37% from the highest point in the cycle of 100.00 points (2011-09-12), and an increase of 192.71% from the lowest point of 17.98 points on September 05, 2012. (Note: Period refers to 2011-09-01 to present)
Market outlook
The silica analyst of SunSirs believes that the silica market will operate smoothly in the short term, with a limited range of price fluctuations.
