Price trend
According to the data monitored by SunSirs, as of September 7, the average price of domestic rubber-grade silica was 5,800.00 RMB/ton, down 2.11% from the price of silica on September 1. Silica was running in a narrow range and weak.
Analysis review
This week, the overall market of silica was mainly running stably, supply and demand were balanced, the negotiation atmosphere was general, the overall market trend was stable, the market supply was normal, and the just-needed procurement was mainly.
The market price of silica fell in a narrow range, compared with the price of the same period last week, was downward trend. The overall market supply and demand was balanced, and the downstream purchased based on rigid demand mainly, and the main supply was contract customers. The logistics was smooth, and the market negotiation atmosphere was dull. The latest new quotation of the company: the price of silica of Shandong Longhui Chemical Co., Ltd. was 7,000 RMB/ton, the price of silica of Jinan Jinrihe Chemical Co., Ltd. was 5,800 RMB/ton, the price of silica of Shandong Botao Group Co., Ltd. was 5,800 RMB/ton, and the price of silica of Jinan Century Lianxing Economic and Trade Co., Ltd. was 6,000 RMB/ton.
Upstream hydrochloric acid: As of September 6, the hydrochloric acid market was mainly operating stably, and the upstream liquid chlorine market was consolidating at a low level recently, and the cost was generally supported. The downstream ammonium chloride and polyaluminum chloride prices fell slightly, and the downstream purchasing intention weakened.
Chemical Commodity Index: On September 6, the chemical index was 956 points, an increase of 1 point from previous day, a decrease of 31.71% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 59.87% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to the present).
Market outlook
The silica analyst of SunSirs believes that in the short term, rubber-grade silica is mainly operated stably, and the mainstream price is about 6,000 RMB/ton.
