1、Price trend
According to monitoring by Business Society,the spot market price of glass is basically stable,with an average glass price of 38.62 yuan/square meter this week.
2、Market analysis
The price of glass spot market is basically stable,and the demand is average.The production and sales of Shahe in North China are average,with a slight increase in inventory.Manufacturers mainly sell at stable prices,while traders are more flexible in shipping.The local glass prices in the East China region are high,and the speed of glass exports has slowed down.External sources of goods have entered,which has had a certain impact on local shipments,and overall inventory has increased.The shipment of glass in central China is still acceptable,with stable prices and a slight increase in inventory.The shipment situation of glass in South China is good,with a decrease in inventory.Some companies have raised their prices,and downstream companies are in urgent need of replenishment.The operation of glass in the Northeast region is relatively stable,with most enterprises having average production and sales,but still in a low inventory range.The trend of the glass market in the southwest region is still promising,and market transactions are becoming more flexible.The trend of the glass market in the northwest region is average,and the market has not changed much.
In terms of production capacity,according to industry statistics,as of the week ending September 9th,the total inventory of glass sample enterprises in China was 25.1782 million heavy boxes,an increase of 2.33%month on month and a decrease of 15.85%year-on-year(under the same caliber,the inventory of sample enterprises increased by 2.13%month on month and decreased by 24.90%year-on-year),with inventory days of 12.29 days.As of September 8th,there were a total of 294 domestic glass production lines(58.1205 million tons/year)after removing zombie production lines,of which 262 were in production and 32 were shut down for cold repair.The operating rate of float industry enterprises was 89.12%,and the capacity utilization rate was 89.63%.
In terms of raw material soda ash,according to monitoring by Business Society,the price of light soda ash has risen this week.The average price of light soda ash was 2337.5 yuan/ton last Friday,and 2362.5 yuan/ton this Friday.The price has increased during the week,with a magnitude of 1.07%.Domestic caustic soda tends to be stronger in terms of finishing,while downstream glass prices remain strong.However,for caustic soda purchased on demand,it is expected that caustic soda will be stronger in terms of finishing.
In terms of liquefied natural gas,according to monitoring by Business Society,the price of liquefied natural gas has declined this week.Last Friday,the average price of liquefied natural gas was 6026.67 yuan/ton,and this Friday's average price was 5790 yuan/ton.The price has increased during the week,with a magnitude of 3.93%.At present,demand is weakening,terminal gas purchases are insufficient,and liquid factories are lowering prices and discharging inventory to seek benefits.However,high price transactions are not smooth,and there is still a downward expectation.However,with high costs and ongoing support,the downward trend is not significant,and it is expected that the domestic liquefied natural gas market will operate weakly and steadily in the short term.
3、Future Market Forecast
According to the prediction of Business Society,the performance of the glass spot market this week is average,with a slight accumulation of inventory.The overall market demand is weak,and the wait-and-see sentiment is obvious.Downstream purchases are made according to demand,with manufacturers stabilizing prices as the main focus,and traders trading more flexibly.Upstream,the price of soda ash has increased,and cost support is still acceptable.In the short term,the glass market is operating steadily.
