I. Price Trends

According to monitoring by Sino Business Network, glass spot market prices are generally stable, with the average price of glass this week at 38.62 yuan/square meter.

II. Market Analysis

Glass spot market prices are generally stable. Regionally, in Shahe, North China, recent warehouse deliveries have been average, and market prices are relatively flexible. Manufacturers have seen some inventory increases, but manufacturers are optimistic, primarily stabilizing prices for shipments, with occasional price increases. Trading activity in the East China spot market is subdued, with warehouse deliveries slowing and quotations remaining stable. Glass shipments in Central and South China are acceptable, with stable prices. Glass shipments in South China are strong, with some companies raising prices, primarily driven by strong downstream demand, and prices are rising. Glass production in Northeast China remains stable, driven by strong downstream demand. The Southwest China glass market is experiencing positive trends, with prices rising in Yunnan and Guizhou. The Northwest China glass market is generally average, with minimal market fluctuations. Overall, manufacturers are primarily stabilizing prices, with strong downstream demand, and traders are relatively flexible in their dealings.

Regarding production capacity, Henan Zhonglian Glass Co., Ltd.'s 700-ton production line was shut down on August 26th. Langfang Jinbiao Glass Co., Ltd.'s 600-ton line was converted from European gray to gray tea, with production starting on August 22nd. According to industry statistics, as of the week of August 26th, total inventory at sample glass companies nationwide reached 24.0272 million TEUs, a 6.43% increase from the previous week and a 15.64% decrease from the previous week (using the same benchmark, sample companies' inventory increased by 6.93% from the previous week and decreased by 25.22% from the previous year), with inventory days remaining at 11.65 days. As of August 25th, after excluding inactive lines, there were 294 domestic glass production lines (58.1205 million tons/year), of which 264 were in operation and 30 were shut down for maintenance. The operating rate of float glass companies was 89.80%, and the capacity utilization rate was 90.40%.

Regarding raw material soda ash, according to Sino-Business Network monitoring, light soda ash prices rose this week. The average price last Friday was 2,225 yuan/ton, and this Friday's average price was 2,312.5 yuan/ton, a weekly increase of 3.93%. Domestic soda ash prices are relatively strong, and downstream glass prices remain firm. However, with soda ash purchased on demand, soda ash prices are expected to consolidate in the short term.

Regarding liquefied natural gas (LNG), according to Sino-Business Network monitoring, liquefied natural gas (LNG) prices rose this week. The average price last Friday was 5,633.33 yuan/ton, and this Friday's average price was 5,703.33 yuan/ton, a weekly increase of 1.24%. Currently, domestic liquefied natural gas prices are operating at a high level, fluctuating within a narrow range, with actual transactions primarily negotiated.

III. Market Forecast

Sino-Business Network predicts that glass spot market prices will remain largely stable with minor fluctuations this week. The overall market trading atmosphere is generally average, with downstream purchases based on demand, manufacturers primarily maintaining stable prices, and traders trading more flexibly. Upstream, prices of liquefied natural gas and soda ash have risen, but costs remain supportive. In the short term, the glass market is expected to remain stable.