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SunSirs: Demand Rises, China Glass Price Rises Last Week (December 11-18)
December 21 2020 11:10:38SunSirs(Selena)

According to the monitoring of SunSirs, the price of glass increased last week, with an average price of 26.15 RMB/ m2 at the end of last week, and the price rose slightly during the week, by 4.81%.

In Shahe, North China, the inventory of production enterprises is low, the overall trend of the spot market is relatively stable, and the market transaction price has also increased by a certain extent, with an increase of 0.5-0.8 RMB/ m2. The market demand in East China is good, the inventory of production enterprises is low, the number of glass imported from other ports in East China decreases, and the price of local enterprises rises 0.7-2.2 RMB/ m2. In South China, manufacturers' prices rose 1-2 RMB/ m2. Traders and processing enterprises purchased on demand, and glass demand remained at a normal level. The overall trend of glass spot market in Central China is good, and the prices of manufacturers have increased about 1.5 RMB/ m2. The overall trend of the spot market of glass in Southwest China is general, and the price of manufacturers has not been raised much, with an increase of about 0.7 RMB/ m2. In Northeast China, local demand is weakening. At present, manufacturers are exporting to North China and East China, and the quotation is slightly increased, with an increase of 0.5-0.8 RMB/ m2. The overall trend of glass spot market in Northwest China is general, and the price of manufacturers has increased slightly, with an increase of 0.5-0.8 RMB/ m2.

According to the data of the industry association, on December 18, 2020, the glass capacity utilization rate was 70.67%, up -0.15% month on month and 1.10% year-on-year; after excluding excess capacity, the glass capacity utilization rate was 83.85%, up -0.18% month on month and 1.18% year-on-year. The glass production capacity was 977.22 million heavy containers, an increase of -2.1 million heavy containers compared with the previous week, and an increase of 40.92 million heavy boxes compared with last year. On December 18, 2020, the industry's inventory was 25.87 million heavy containers, an increase of -1.25 million heavy containers compared with last week and -12.45 million heavy containers compared with last year. The number of weekend inventory days was 9.66 days, with an increase of -0.45 days compared with last week, and a year-on-year increase of -5.28 days.

According to SunSirs, the price of glass will rise this week, the demand of southern region will rise, the inventory of glass enterprises will be low, and the price will increase. The market confidence in northern region also increased, with prices rising slightly. It is expected that in the short term, China glass market mainly goes smoothly, supplemented by a small rise.

 

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