Price Trend

According to the monitoring of SunSirs, the price of glass was lowered last week. At the beginning of the week, the average price of glass was 20.32 RMB/ m2, and at the end of the week, the average price was 20.2 RMB/ m2. Within the week, the price was lowered by 0.59%.

Market Analysis

Product: glass market price fell slightly last week. In Shahe area of North China, the stock pressure is relatively large, the market confidence is insufficient, some manufacturers' prices were lowered, and the price trend was weak. With the improvement of water transportation and road transportation in South China, the inventory pressure of manufacturers has decreased, and the market confidence has improved to a certain extent. In East China, the amount of glass imported from other ports has increased, the price of local manufacturers has been lowered, and the situation of enterprises' outbound is acceptable. The market price in Northeast China is mainly stable. The market turnover in southwest and Northwest China has not changed much.

Production capacity: according to the data of Industry Association, the utilization rate of glass production capacity on March 13, 2020 was 68.38%, up 0.00% on a month on week basis, up -0.62% on a year-on-year basis; after eliminating excess production capacity, the utilization rate of glass production capacity was 81.19%, up 0.00% on a month on a week basis, up -1.33% on a year-on-year basis. The production capacity of glass in process was 923.52 million heavy cases, an increase of 0 million heavy cases on a month on week basis, and an increase of 8.82 million heavy cases on a year-on-year basis. On March 13, 2020, the inventory of the industry was 51.56 million heavy boxes, an increase of 1.36 million heavy boxes on a month on week basis, and an increase of 7.48 million heavy boxes on a year-on-year basis. Weekend inventory days were 20.38 days, 0.54 days higher than last week, 2.79 days higher than last year.

Industrial chain: as of March 12, the current mainstream market price of light soda in North China was about 1,570-1,600 RMB/ ton, and the mainstream market price of heavy soda was about 1,700-1,800 RMB/ ton. It was expected that the price of soda will be narrower in the short term; the current mainstream market price of light soda in East China was about 1,350-1,550 RMB/ ton, and the mainstream market price of heavy soda was 1,500-1,700 RMB/ ton. It was expected that the price of soda in the short term will be about 1,350-1,550 RMB/ ton. The main market price of light soda ash in Central China was about 1,300-1,350 RMB/ ton, and the main market price of heavy soda ash was 1,400-1,500 RMB/ ton. It is expected that the price of soda ash will be more stable in the short term.

Market Forecast

According to the prediction of SunSirs, the overall inventory of glass is still at a high level, and the pressure on the current market operation will last for some time. In the short term, the slight decrease of glass market will continue.

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