1、Price trend
According to monitoring by Business Society,the spot market price of glass is basically stable,with an average price of 38.62 yuan/square meter this week.
2、Market analysis
The spot market price of glass is basically stable.In terms of regions,in the Shahe area of North China,the recent outbound situation has been average,and the market prices are relatively flexible.Manufacturers have increased their inventory,but they have a good mentality and mainly focus on stable price shipments,with manufacturers increasing prices sporadically.The trading atmosphere in the glass spot market in East China is relatively weak,and the speed of outbound shipments has slowed down,with stable prices being the main focus.The shipment of glass in the central and southern regions of China is acceptable and the price is stable.The shipment of glass in South China is good,and some companies have raised their glass prices.Downstream demand is the main demand,and the quotation is showing an upward trend.Glass production in the Northeast region operates steadily,with downstream demand being the main focus.The glass market in the southwest region is trending upwards,while prices in the Yungui region are rising.The trend of the glass market in the northwest region is average,and the market has not changed much.Overall,manufacturers prioritize stable prices,while downstream suppliers are in urgent need of procurement,and traders are more flexible in their transactions.
In terms of production capacity,the 700 ton production line of Henan Zhonglian Glass Co.,Ltd.was discharged on August 26th this week.Langfang Jinbiao Glass Co.,Ltd.'s first line 600 tons of European gray to gray tea were put into production on August 22nd.According to industry statistics,as of the week ending August 26th,the total inventory of glass sample enterprises nationwide was 24.0272 million heavy boxes,an increase of 6.43%month on month and a decrease of 15.64%year on year(under the same caliber,the inventory of sample enterprises increased by 6.93%month on month and decreased by 25.22%year on year),with 11.65 days of inventory.As of August 25th,there were a total of 294 domestic glass production lines(58.1205 million tons/year)after removing zombie production lines,including 264 in production and 30 out of cold repair.The operating rate of float industry enterprises was 89.80%,and the capacity utilization rate was 90.40%.
In terms of raw material soda ash,according to monitoring by Business Society,the price of light soda ash has increased this week.Last Friday,the average price of light soda ash was 2225 yuan/ton,and this Friday,the average price was 2312.5 yuan/ton.The price has increased during the week,with a range of 3.93%.Domestic soda ash is relatively strong in operation,and downstream glass prices are strong.However,for soda ash purchased on demand,it is expected that soda ash will be relatively strong in the short term for consolidation.
In terms of liquefied natural gas,according to monitoring by Business Society,the price of liquefied natural gas has risen this week.Last Friday,the average price of liquefied natural gas was 5633.33 yuan/ton,while this Friday's average price was 5703.33 yuan/ton.During the week,the price increased by 1.24%.At present,cost support,domestic liquid prices are operating at high levels,with narrow fluctuations in prices,and actual transaction negotiations are the main focus.
3、Future Market Forecast
According to the prediction of the Business Society,the spot market price of glass has remained stable and fluctuated slightly this week,with a general market trading atmosphere.Downstream procurement is based on demand,with manufacturers stabilizing prices as the main focus,and traders trading more flexibly.Upstream,the prices of liquefied natural gas and soda ash have increased.Cost support is acceptable.In the short term,the glass market is operating steadily.
