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SunSirs: Glass Market Price slightly increased (10.14-10.18)
October 21 2019 14:11:57SunSirs(Selena)
  1. Price Trend

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 20.07 RMB/㎡, and the average price at the weekend was 20.37 RMB/㎡. The price rose within the week by 1.49%.

  1. Market Analysis

Product: last week, glass showed an overall upward trend. In Shahe area of northern China, the price of enterprises increased slightly, mostly between 0-0.3 RMB/㎡, with good local delivery. The demand of the terminal market in East China increased, and last week's price mainly increased. Last week, the market in South China was acceptable; The spot price of South China manufacturers was on the high side, with a small price increase. The market demand in Northeast China is still stable. Last week, glass prices were mainly stable.

Production capacity: Benxi Yujing second line, which was planned to be shut down in the early stage, abandoned the cold repair plan due to the shutdown of glass production line in Shahe area. In the short term, no cold repair plan will be made and production will continue. After the cold repair of Haisheng first line in Yunnan, there is no definite time for ignition. Hunan Juqiang glass ceramics line 400 tons of water cooling repair. It is said that other production lines in Shahe area are difficult to stop production in a short period of time. It is expected that further actions will be taken before the end of the month, and they are still in the normal production process.

According to the data of Industry Association, on October 18, 2019, the utilization rate of glass production capacity was 69.63%; The chain rose by -0.18% the previous week, up -2.86% from last year; the glass capacity utilization rate after removing excess capacity was 82.87%, up -0.22% from the previous week and up -3.90% from last year. The production capacity of glass production was 92.91 million heavy boxes, an increase of -2.4 million heavy boxes from the previous week, an increase of -2.79 million heavy boxes compared with last year. On October 18, 2019, the industry's inventory of 36.76 million heavy boxes, an increase of -1.45 million heavy boxes the previous week, an increase of 4.99 million heavy boxes last year. Weekend inventory days were 14.44 days, an increase of -0.53 days from the previous week and an increase of 2.32 days compared with the same period last year.

Industrial chain: the domestic soda ash manufacturers started production recently, with high load and sufficient supply. At present, the stocks of soda ash manufacturers are mainly light soda, and the end users mainly purchase on demand. The change of heavy alkali is not big, and it is expected that the market of soda ash will be mainly consolidated in the later stage. At present, the mainstream factory price of domestic light alkali is 1,600-1,850 RMB/ ton; the mainstream price of domestic heavy alkali is 1,780-1,850 RMB/ ton. Last week, the market of heavy alkali changed little, and the delivery of manufacturers is relatively smooth.

  1. Market Forecast

According to the prediction of SunSirs, the current trend of glass may be maintained in the short term, and it will continue to show a stable and rising situation, and it is the peak season of market demand. At the same time, it is disturbed by the news that some production lines in Shahe, North China will be shut down, which increases the price confidence of production enterprises and traders. Therefore, in the short term, glass is likely to continue the current trend.

 

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