Price trend

According to the commodity market analysis system of SunSirs, as of May 12, 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 May 12, the mainstream price was about 6,000 RMB/ton.

Analysis review

This week, the market price of silica was stable. The mainstream price was about 6,000 RMB/ton. The focus of the negotiation was stable, downstream procurement was mainly on demand, and the enthusiasm for stocking was average. The number of new orders was limited. The latest quotation from the enterprise: Ningbo Daoyuan Rubber and Plastic Technology Co., Ltd. quoted 4,650 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.

Chemical Index: On May 11th, the chemical index stood at 890 points, a decrease of 5 points from the previous day, a decrease of 36.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 48.83% 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.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.