ChemAnalyst

Recently, rubber grade Silica prices were observed to be rising across Indian market, which has started concerning downstream end users. As per ChemAnalyst sources, rising raw material cost has remained a prime factor behind this consistent rise in prices of Silica, despite modest to stable offtakes from the domestic downstream rubber industry. However, since the first week of January, demand fundamentals for Silica remained firm in India, as economic activities started again at a normal pace after showing marginal dullness during December. As per market sources, price of two major raw materials i.e., Soda Ash and Sulphuric Acid has been rising since October on the back of high demand and inflationary pressure hovering in the global market. It was observed that Soda Ash price has risen by around 50% within past six months in India, while Sulphuric Acid price has almost doubled during past 4-5 months in the domestic market. There were different reasons responsible for these augmente...