Price trend
According to the data monitored by SunSirs, as of July 29, the average price of domestic rubber-grade premium silica was 4,875.00 RMB/ton. The silica market is running smoothly, the supply side is normal, the manufacturers are actively shipping, and the mainstream price range is 4,500-5,000 RMB/ton, the upstream support is average, the downstream just purchase on demand, the overall operating rate is normal, the negotiation atmosphere is flat, and the price is stable in the short term.
Analysis review
The domestic rubber-grade silica market is trending steadily as a whole, with mainstream prices ranging from 4,500-5,000 RMB/ton. The quotations of upstream hydrochloric acid manufacturers are temporarily stable, and the overall market is average, mainly based on stable operation. Silica is mainly based on contract orders. The number of new orders is limited. The overall market procurement atmosphere is dull and mostly negotiated. Merchants are cautious in obtaining goods, shipments are slow, overall market supply and demand are balanced, and inventory is average.
On July 28, the chemical index was 1,107 points, an increase of 2 points from previous day, setting a record high in the cycle, and an increase of 85.12% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 till now)
Market outlook
The silica analyst of SunSirs believes that the silica maintains a stable operation and the price fluctuation range is limited.
