According to the Commodity Analysis System of SunSirs, the spot market price of glass continued to weaken last week, with an average price of 22.23 RMB/square meter last Friday. The price decreased by 1.77% during the week.
Last week, the spot market price of glass continued to weaken, and the overall industry production and sales situation in the market was still good, with inventory of enterprises in most regions decreasing. From a regional perspective, the trading situation of the glass spot market in Shahe, North China is still good, and the market price has slightly decreased, which is beneficial for enterprises to go out of stock. Overall, inventory has decreased. The market trading situation in the East China region is relatively good, with downstream demand for goods and a slight decrease in enterprise inventory. The overall production and sales in central China are average, with enterprise prices decreasing, stimulating downstream purchases and reducing factory inventory. The production and sales situation of glass in South China is still good, and the middle and downstream markets are just in need of restocking, leading to a decrease in enterprise inventory. The glass market in the southwest and northwest regions is still available, and the inventory of enterprises has decreased. Affected by climate, the market situation in Northeast China has weakened, and inventory has slightly increased.
According to the Commodity Analysis System of SunSirs, the price of soda ash remained strong last week. In the East China region, the operation of soda ash is relatively strong, and the mainstream market quotation for light soda ash is around 2,150-2,250 RMB/ton. The operation of soda ash in the East China region is strong, and the mainstream market quotation for light soda ash is around 2,150-2,350 RMB/ton. Data shows that the operating rate of soda ash was around 84% last week. There is currently no maintenance plan for soda ash manufacturers, and they are expected to maintain a high level of construction. Downstream procurement is mainly based on demand, and a supply-demand game is expected. Overall, it is expected that soda ash will mainly operate in a volatile manner, depending on downstream market demand.
In terms of liquefied natural gas, according to the Commodity Market Analysis System of SunSirs, the price of liquefied natural gas in China increased last week. As of November 17th, the average price of liquefied natural gas in China was 5,040 RMB/ton, which is 4.13% higher than the average price of 4,830 RMB/ton on November 13th. Liquefied natural gas analysts from SunSirs believe that with the recent cooling of the weather and the arrival of the heating season, coupled with cost support and supply reduction, domestic liquefied natural gas prices have continued to rise. Under the influence of favorable factors, it is expected that the prices of liquefied natural gas will be relatively strong in the short term and will be consolidated and operated.
According to SunSirs, spot prices in the glass market continued to decline last week. Upstream soda ash prices are strong, while liquefied natural gas prices are rising. Overall, cost support is still acceptable. In terms of demand, midstream and downstream processing enterprises are mostly wait-and-see oriented, with just in need of replenishment and average delivery situation. It is expected that in the short term, the spot glass market will be weak in consolidation and operation.
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