SunSirs: The silica market was mainly stable in April
May 06 2024 14:42:31 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of April 29th, the average price of high-quality rubber grade silica in China was 5,850 RMB/ton. In April, the silica market mainly maintained stable operation, with a narrow range of strong prices. The overall silica market price remained stable, with market supply and demand balance as the main focus, stable negotiation focus, and normal inventory consumption. As of April 29th, the mainstream market price was maintained at around 6,000 RMB/ton.
Analysis review
In April, the stable operation of the silica market was the main focus, with limited price fluctuations. The mainstream price continued to remain around 6,000 RMB/ton. As of April 29th, upstream cost support was limited, and downstream demand was average. The main focus was on rigid procurement, with small order contract customers. Latest quotations from enterprises: Wuhan Hengjiu Chemical Co., Ltd. offered a price of 6,000 RMB/ton, Shandong Haideng New Materials Co., Ltd. offered a price of 6,600 RMB/ton, Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 RMB/ton, and Jinan Xinhou Trading Co., Ltd. offered a price of 5,500 RMB/ton. Most of the enterprise quotations were based on stability, with limited fluctuation range.
Chemical index: On April 28th, the chemical index was 868 points, a decrease of 1 point from the previous day, a decrease of 38.00% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 45.15% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Market outlook
SunSirs' silica analyst believes that currently, downstream demand was average, and upstream cost support was weak. It is expected that the mainstream price will be around 6,000 RMB/ton in the short term.
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