According to the monitoring of SunSirs, the price of glass rose last week. The average price of glass at the beginning of the week was 16.52 RMB/ ㎡ and the average price at the weekend was 16.78 RMB/ ㎡. The price rose within the week by 1.57%.

Market Analysis

Product: glass prices slightly increased last week. Shahe traders and processing enterprises in North China mainly stock a small amount of goods. Affected by environmental protection, some production lines have been shut down and the market price has not changed much. The market sentiment of traders and processing enterprises in East China, South China and other regions has improved, the enthusiasm for goods preparation has increased, and the quotations of manufacturers have increased slightly. The overall trend of Northeast China is fair, the production enterprises are basically normal to leave the warehouse, the market transaction has improved, and the manufacturer's quotation has increased. The quotation of some manufacturers in Northwest China has increased, so it is difficult to implement. The market price of glass in Southwest China has not changed much.

Capacity: according to the data of the industry association, the utilization rate of glass capacity on May 8, 2020 was 66.49%; it was up -0.91% month on month, up -3.63% year on year; after eliminating excess capacity, the utilization rate of glass capacity is 78.93%, up -1.09% month on month, up -4.83% year on year. The production capacity of glass in production is 898.02 million heavy boxes, an increase of -12.3 million heavy boxes compared with the previous week, and an increase of -37.68 million heavy boxes compared with the previous year. On May 8, 2020, the industrial inventory was 51.59 million heavy boxes, an increase of -290,000 heavy boxes from the previous week, and an increase of 7.16 million heavy boxes from last year. Weekend inventory days were 20.97 days, 0.17 days higher than the previous week, 3.64 days higher than the previous week.

Market F orecast

According to the prediction of the business agency, the production capacity in North China will be reduced, and the rainy season in South China will come soon. Last week, downstream processing enterprises and traders increased replenishment efforts, and glass prices in some regions have been revised back. In the short term, the overall inventory of glass is still at a high level, and the probability of substantial increase is small. The price of glass rose slightly in the week. Shahe traders and processing enterprises in North China mainly stock a small amount of goods. Affected by environmental protection, some production lines have been shut down and the market price has not changed much. The market sentiment of traders and processing enterprises in East China, South China and other regions has improved, the enthusiasm for goods preparation has increased, and the quotations of manufacturers have increased slightly. The overall trend of Northeast China is fair, the production enterprises are basically normal to leave the warehouse, the market transaction has improved, and the manufacturer's quotation has increased. The quotation of some manufacturers in Northwest China has increased; the market price of glass in Southwest China has not changed much.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.