Price trend

According to the commodity market analysis system of SunSirs, as of April 20, the average price of domestic rubber grade high-quality silica was 6,025.00 RMB/ton. This week, the market price of silica was mainly stable, and the price fluctuation was not obvious compared with the same period last week. As of April 20,, the mainstream price was about 6,000 RMB/ton.

Analysis review

The price of silica market was stable this week, with the mainstream price of about 6,000 RMB/ton. The focus of negotiation was stable. Downstream procurement was mainly based on demand, stocking enthusiasm was average and the quantity of new orders was limited. The latest quotation from the enterprise: Shandong Haideng New Materials Co., Ltd. 5,800 RMB/ton, Jinan Xinhou Trading Co., Ltd. 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. 6,000 RMB/ton.

Chemical index: On April 19, the chemical index was 909 points, a decrease of 1 point from previous day, a decrease of 35.07% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 52.01% 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 operate stably in the short term.

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