According to the monitoring of SunSirs, the overall price of glass increased slightly last week, with the average price of 19.23 RMB/ m2 at the beginning of the week and 19.35 RMB/ m2 at the weekend. The price of glass increased 0.62% during the week.

Market Analysi

Glass prices rose steadily last week. In the Shahe area of North China, the inventory pressure of manufacturers was relatively light, the purchasing situation of downstream processing enterprises and traders was general, and the order quantity of glass processing enterprises maintained the previous level. The price of spot glass products was mainly stable. The inventory situation of production enterprises in East China was good, and the order situation of downstream processing enterprises basically returned to normal level. The market price of some glass enterprises increased slightly. The overall trend of glass spot market in South China and central China was fair, the manufacturers' inventory pressure was not large, and the quotation of manufacturers increased. The trend of glass in Southwest China was fair, and the market confidence of production enterprises was good, and the quotation rose slightly. The trend of glass industry in Northwest and Northeast China was fair, and the quotation of manufacturers increased. Last week, the overall trend of the northwest glass spot market was stable, and the price was mainly stable.

In terms of production capacity, according to the data of the industry association, on July 24, 2020, the industry's inventory was 47.5 million heavy boxes, an increase of -430,000 heavy boxes compared with last week, and an increase of 6.85 million heavy boxes compared with last year. The number of weekend inventory days was 18.46 days, with an increase of -0.14 days compared with last week and a year-on-year increase of 2.44 days. On July 24, 2020, the glass production capacity utilization rate was 68.94%; the month on month increase was -0.09% compared with last week, and -0.48% higher than last year; after excluding excess capacity, the glass capacity utilization rate was 81.83%, up -0.10% month on month, and -1.07% year-on-year. The glass production capacity was 939.42 million heavy boxes, an increase of -1.2 million heavy boxes compared with last week, and an increase of 13.02 million heavy boxes compared with last year.

According to the data released by the National Bureau of statistics, the output of flat glass in June was 79.16 million heavy boxes, with a year-on-year increase of -3.9%; from January to June, the cumulative output of flat glass was 461,840,000 heavy boxes, with a year-on-year increase of -0.4%.

Future Forecast

According to SunSirs, glass prices continued to rise steadily last week. The number of orders of glass processing enterprises maintained the previous level, and the production enterprises kept good expectations for the market demand in the traditional sales peak season. In the short term, the inventory pressure of production enterprises is not big, as the traditional peak season comes, China glass price is still subject to a small increase.

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