(April 24, 2026) Combined with the latest data from the domestic chemical circulation market, the overall inventory cycle of silica has ushered in a key switch, bidding farewell to the early accumulation state, the overall circulating inventory has been steadily removed, and the supply and demand pattern has been gradually reconstructed, which directly affects the short-term market trend and stocking rhythm. 

In the early stage, due to the weak demand in the off-season and the impact of concentrated production, the inventory of silica manufacturers and traders in many places was high, the market circulation was loose, and the transaction was mainly low-priced. In mid-to-late April, downstream enterprises started to replenish warehouses, superimposed environmental protection production restrictions in some production areas, normalized equipment maintenance, market supply shrank in stages, and the mismatch between supply and demand gradually emerged. 

The circulation end is obviously differentiated, there is still a surplus of general precipitation method silica underworld inventory, the pace of trade is slow, and the price remains stable; while the inventory of gas-phase method and modified special silica is low, the spot is in short supply, the downstream rigid demand continues to follow up, the spot delivery cycle is lengthened, and the shortage phenomenon is highlighted. 

The downstream procurement model has changed significantly, and terminal enterprises have abandoned the previous large-scale hoarding model and adopted small-batch, multi-frequency on-demand procurement to avoid the risk of raw material price fluctuations. Traders are also cautious in replenishment, focusing on light inventory operations, the overall inventory structure of the industry is healthier, and speculative hoarding behavior has been greatly reduced. 

On the device side, a number of small and medium-sized silica manufacturers have recently entered routine maintenance, and some old equipment has temporarily reduced production, and short-term effective production capacity has shrunk, further accelerating the progress of market destocking. Superimposed logistics and transportation have resumed smoothly, the efficiency of regional supply circulation has been improved, and the pace of cross-regional supply and supply has been accelerated, balancing the differences between supply and demand in various regions. 

Market industry insiders said that the current silica is in the double positive stage of destocking cycle and capacity contraction, and the relationship between supply and demand is gradually tightening. In the future, with the steady release of demand in the downstream peak season, the maintenance of superimposed devices continues, and the low operation of inventory may support the market to strengthen steadily, and the logic of supply and demand balance will become the core leading factor of the silica market trend in the next period of time.