Price trend

According to the commodity market analysis system of SunSirs, as of April 25, 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. On the 25th, the mainstream price was around 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 the negotiation was stable, downstream procurement was mainly based on demand, the enthusiasm for stocking was average, and new orders was limited. The latest quotation for silica: Shandong Haideng New Materials Co., Ltd. quoted at 5,800 RMB/ton, Jinan Xinhou Trading Co., Ltd. quoted at 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted at 6,000 RMB/ton.

Chemical Index: On April 24th, the commodity price index (BPI) was 975 points, a decrease of 1 point compared to the previous day, a decrease of 27.40% compared to the highest point of 1,343 points (2021-10-19) in the cycle, and an increase of 47.73% compared to the lowest point of 660 points on February 3rd, 2016. (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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