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SunSirs: The Spot Market Price of Glass Fell Last Week in China (March 8-15)
March 18 2024 15:39:14SunSirs(Selena)

According to the Commodity Analysis System of SunSirs, the spot market price of glass fell last week. The average price of glass was 21.39 RMB/square meter on March 8, while the average price last Friday was 20.33 RMB/square meter. During the week, the price decreased by 4.96%.

Last week, the spot market price of glass fell. The overall industry production and sales situation in the market is average, and enterprise inventories continue to rise. From a regional perspective, due to vehicle transportation restrictions at the beginning of the week, the overall market trading situation in the Shahe area of North China was poor. The inventory of enterprises has increased, market quotations have been lowered, and vehicle logistics transportation in the Shahe area has resumed in the middle of the week. Downstream demand for goods has improved, and the production and sales situation has improved. The trading situation in the East China region is light, with a strong wait-and-see sentiment in the market. Downstream purchases are cautious, resulting in a decrease in market prices. The overall market situation in Central China is poor, with average downstream procurement and continuous increase in manufacturer inventory. The production and sales situation of glass in South China is average, with a significant increase in inventory. In the middle and downstream markets, there is a need for replenishment and on-demand purchases, resulting in a decrease in market prices. The glass market in the southwest region is sluggish, and enterprise inventories have increased. The glass market in the northwest region is average, with a slight increase in enterprise inventory. The market situation in the Northeast region is average, with an increase in inventory.

According to the commodity analysis system of SunSirs, the price of soda ash remained stable last week. As of now, the mainstream market quotation for light soda ash in central China is around 1,900-2,100 RMB/ton; The mainstream market for light soda ash is around 1,900-2,200 RMB/ton. Overall, the company's shipments are average, and downstream demand is average. The wait-and-see sentiment is mainly focused, and it is expected that pure alkali may operate in a weak market.

In terms of liquefied natural gas, according to the commodity market analysis system of SunSirs, the domestic price of liquefied natural gas fluctuated and increased last week. The average price of liquefied natural gas in China was 3,850 RMB/ton on March 8, and the average price last Friday was 3,970 RMB/ton. The price increased during the week, with a decrease of 3.12%. Liquefied natural gas analysts from SunSirs believe that the increase in import gas prices is beneficial for the domestic gas market. Today's new round of raw material gas bidding is mainly focused on market observation.

According to the SunSirs, spot prices in the glass market fell last week. The price of upstream soda ash is temporarily stable, while the price of liquefied natural gas is fluctuating and rising. Cost support is average. The recovery on the demand side is relatively slow, and processing enterprises in the middle and downstream mainly need to replenish a small amount of goods, so be cautious and wait. The overall confidence in the glass spot market is weak. It is expected that the glass spot market will temporarily stabilize and operate in the short term.

 

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