December 29th News
On December 29th, the market negotiation focus for precipitated silica rubber grade in Shandong was relatively low, with a tax-inclusive market price ranging from 5,100 to 5,500 yuan per ton. Currently, the consumption of precipitated silica in the market is slow, and inventory remains at high levels.
Chempricehub's analysis of precipitated silica indicates a bearish score of -1.5. The article points out that the market price for precipitated silica rubber grade in Shandong is relatively low within the range of 5,100 to 5,500 yuan per ton, with slow market consumption and high inventory levels. This suggests oversupply and weak demand, exerting significant downward pressure on spot prices. The score of -1.5 reflects a moderate to significant bearish impact, as high inventory and slow consumption may continue to suppress prices, leading to further weakening of spot prices in the future.
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