SunSirs: The Market for Silica Was Operating Steadily with a Stronger Bias (April 8-15)
April 17 2024 09:59:32 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of April 15th, the average price of high-quality rubber grade silica in China was 5,866.67 RMB/ton. This week, the silica market was mainly upward in a narrow range, and the overall market was relatively stronger. As of April 15th, upstream sulfuric acid prices were rising, and silica had some support from the cost side. The overall market supply and demand was mainly balanced and the mainstream price was maintained at around 6,000 RMB/ton.
Analysis review
This week, the silica market had been operating steadily with a stronger trend, with prices rising narrowly. As of April 15th, there was some support from upstream costs, while downstream demand was average, with a focus on rigid procurement. Latest quotations from enterprises: Jinan Jinrihe Chemical Co., Ltd. offered 5,000 RMB/ton, Jinan Century Lianxing Economic and Trade Co., Ltd. offered 6,000 RMB/ton, Shandong Botao Group Co., Ltd. offered 5,000 RMB/ton, and Shandong Haideng New Materials Co., Ltd. offered 6,600 RMB/ton.
Market outlook
SunSirs' silica analyst believes that As of April 15th, silica had some support from the cost side, and downstream demand was average. It is expected that the mainstream price will be around 6,000 RMB/ton in the short term.
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