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SunSirs: The Silica Market Was Operating Stably (September 1-8)

Increase font size  Decrease font size Date:2023-09-12   Views:54

  Price trend

  According to the Commodity Market Analysis System of SunSirs, as of September 8th, the average price of high-quality rubber grade silica in China was 6,025.00 RMB/ton. This week, the market price of silica remained stable, with a limited range of price fluctuations. As of September 8th, the mainstream price was around 6,000 RMB/ton.

  Analysis review

  This week, the market price of silica was stable, with the mainstream price of around 6,000 RMB/ton. The focus of negotiations was stable, downstream procurement was mainly based on demand and the enthusiasm for stocking was average. Manufacturers mainly offered discounts for sales, but the number of new orders was limited. The latest quotation from the enterprises: Shandong Haideng New Materials Co., Ltd. offered a price of 6,400 RMB/ton, Jinan Xinhou Trading Co., Ltd. offered a price of 5,500 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. offered a price of 6,000 RMB/ton. The overall price of silica maintains the previous trend.

  Chemical Index: On September 7th, the chemical index stood at 938 points, an increase of 4 points compared to the previous day, a decrease of 33.00% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 56.86% 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.

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