SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Glass News > News Detail
Glass News
SunSirs: Market Wait-and-see Sentiment is Obvious, Glass Price is Sstable in China (March 22-26)
March 31 2021 11:14:36SunSirs(Selena)

According to the monitoring of SunSirs, the price of glass was stable last week, with an average price of 27.36 RMB/ m2.

Last week, glass prices were mainly stable. In terms of regions, last week, in Shahe, North China, the market turnover improved slightly, traders continued to de stock, manufacturers' inventory was under no pressure, enterprises' overall delivery was good, and manufacturers' inventory continued to reduce. In East China, the shipment of manufacturers slowed down, the wait-and-see mood of glass processing enterprises and traders was obvious, with a small amount of replenishment. The lower reaches of South China mainly digested their own reserves, and the price was more flexible. In Central China, the market trading sentiment was acceptable, and the price stabilization operation of manufacturers was dominant. In Northeast China, the enthusiasm of downstream purchasing and stock up was high, and the manufacturers took the goods normally. The pace of shipment in Southwest China continued to slow down, and the inventory increased. Northwest manufacturers were in good condition, and manufacturers' inventory continued to be reduced.

According to the monitoring of SunSirs, the market of raw material soda ash was stable on March 26, and it is expected that the price of soda ash will be strong in the short term. Last week, the price of petroleum coke decreased by 2.99%. At present, the local refined petroleum coke shipment is general, and it is expected that the petroleum coke market will be stable in the near future. LNG prices fell by 3.48% last week. At present, after the market transaction price continues to push up, the downstream transmission is blocked, the manufacturers are weak in supporting the price, and the price reduction and shipment are looking for good.

According to the prediction of SunSirs, the glass price will be stable this week, and the overall trend of the spot market will be general. The price of LNG and petroleum coke in the upper reaches fell, while the price of soda ash was stable. In the short term, the upstream support is weak, the glass processing enterprises and traders are obviously in wait-and-see mood with rigid demand, and the price is relatively stable.

 

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