SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Glass News > News Detail
Glass News
SunSir: China Glass Prices are mainly stable last Week (June 8-12)
June 16 2020 10:34:44SunSirs(Selena)

According to the monitoring of SunSirs, last week's overall glass price increased slightly. At the beginning of the week, the average price of the glass was 18.03 RMB/ ㎡, and at the end of the week, the average price was 18.25 RMB/ ㎡. Within the week, the price increased by 1.22%.

Market Analysis

Last week, the overall glass rose slightly. In Shahe area of North China, the early production capacity decreased, the inventory pressure of enterprises was not large, the price rose significantly, and the market transaction price also rose by a certain extent. The operating rate of downstream processing enterprises in East China was not changed much, domestic trade orders were better than foreign trade export orders, the inventory of manufacturers was effectively reduced, and the quotation of enterprises was increased slightly. The general trend of South China market was general, and the prices of individual production enterprises was increased. Glass manufacturers in Central China mainly operated at high prices. Previously, the stock out of Northeast China has increased, and the manufacturer's quotation has increased. Manufacturers in southwest, northwest and other regions increased their prices slightly.

In terms of capacity, on June 12, 2020, the utilization rate of glass capacity was 66.45%; it rose 0.00% on a month on week basis, up -3.07% on a year-on-year basis; after eliminating excess capacity, the utilization rate of glass capacity was 78.27%, up 0.00% on a month on a week basis, up -4.73% on a year-on-year basis. The production capacity of glass in process is 903.42 million TEUs, an increase of 0 million TEUs compared with last week, an increase of -24.18 million TEUs compared with last year. On June 12, 2020, the industry's inventory was 49.76 million TEUs, an increase of -180,000 TEUs compared with last week, and an increase of 6.22 million TEUs compared with last year. Weekend inventory days were 20.10 days, up -0.07 days on a month on week basis, up 2.97 days on a year-on-year basis.

In terms of raw soda, as of June 11, the domestic soda market was stable and the market atmosphere was light. At present, the mainstream market price of light soda in Central China is about 1,050-1,150 RMB/ ton, and the mainstream market price of heavy soda is 1,100-1,200 RMB/ ton. In North China, the mainstream market price of light soda ash is about 1,250-1,350 RMB/ ton, and the mainstream market price of heavy soda ash is 1,350-1,400 RMB/ ton. In East China, the market price of light soda is stable, and the mainstream market price of light soda is about 1,100-1,250 RMB/ ton, while that of heavy soda is about 1,250-1,300 RMB/ ton. Generally speaking, the market is weak, the inventory pressure is high, the positive shipment is the main factor, the market transaction is general, and it is expected that the price of soda ash will be weak and stable in the short term.

Market Forecast

According to the prediction of SunSirs, glass manufacturers last week slightly increased their prices. At present, the inventory of enterprises has basically returned to normal, and the pressure of production enterprises has been relatively reduced; however, the northern region has entered a busy period of agriculture, while the southern region has entered a rainy season, and the demand of the terminal market has weakened. Downstream processing enterprises and traders are relatively cautious in their mentality, and just purchase in need. In the short term, the glass price operation is mainly.

 

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products