(April 28, 2026) Combined with the latest research on the national chemical circulation market, the current operation status of the silica industry is analyzed from the perspectives of inventory, warehousing, circulation and channels.

At this stage, the domestic silica industry has officially bid farewell to the early high inventory backlog cycle, the overall circulation inventory is in a reasonable range, and the channel stocking logic has changed significantly. For a long time in the past, affected by weak downstream demand, manufacturers and traders generally hoarded a large amount of inventory, market circulation was under pressure, and prices continued to be suppressed by inventory.

In the near future, downstream enterprises have abandoned the large-scale stocking model and generally adopted the strategy of small order replenishment, on-demand procurement, and periodic stocking. In order to control capital occupation and warehousing costs, reduce raw material reserves, and force upstream production enterprises to schedule production on demand, effectively alleviating the problem of inventory backlog in the whole industry.

In terms of regional circulation, the pattern of production and marketing mismatch has gradually improved. The pace of delivery in mainstream production areas is stable, cross-regional logistics and transportation are smooth, and the efficiency of supply allocation between the north and south has been improved. Trade intermediaries tend to be cautious in their operations, reduce speculative hoarding, and focus on fast in and out, light inventory operations, and the market speculative atmosphere has cooled down significantly.

The inventory of different categories is significantly differentiated: there is still a slight surplus of inventory in the local area of silica by the general precipitation method, and the speed of goods is slow; The inventory of gas-phase silica and modified functional special models is tight, the spot resources are small, the channel collection cycle is lengthened, and the spot premium phenomenon appears.

While the inventory structure is optimized, the price resilience of the industry has gradually increased. The low-price involution market in the era of high inventory has subsided, supply and demand have reached a dynamic balance, market quotations have returned to rationality, the quotation system has become more stable, and the profit environment on the trade side has been repaired.

Industry analysis pointed out that the current silica has entered a new stage of low inventory, weak replenishment and stable circulation. Subsequent enterprises will continue to set production based on sales, flexibly adjust the starting load, and maintain a healthy level of inventory. In the future, refined channel operation, overall allocation of regional supply and customized spot reserves will become an important means for enterprises to stabilize their operations and resist market fluctuations, and promote the long-term smooth operation of the silica circulation market.