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SunSirs: The Sales Peak Season ends Perfectly, The Glass Market rises steadily
November 04 2019 17:05:51SunSirs(Selena)
  1. Price Trend

According to the monitoring of SunSirs, the price of glass rose last month. The average price of glass at the beginning of the month was 19.98 RMB/ square meter, and the average price at the weekend was 20.6 RMB/ square meter, with a price increase of 3.1%.

  1. Market Analysis

Product: the price of glass rose steadily last month. After the National Day holiday, with the recovery of road transportation, the trend of glass market is all the way up. In Shahe Area, traders have a high enthusiasm for buying goods, and the prices of production enterprises have been rising continuously, with an increase of about 1.1 rmb/ square meter. The regions with relatively large price increases include North China, Southwest China and Northwest China. In South China and East China, the price increase is generally followed up, the enterprises are rising in small steps, the ex-warehouse speed of production enterprises is maintained at the previous level, and the delivery is in good condition. The price rise in Northeast China is relatively small and the market fluctuation is not large. The market is relatively light as the construction is gradually coming to an end.

Production capacity: According to the data of the industry association, the capacity utilization rate of float glass on October 31, 2019 was 69.88%, up 0.48% month on month, up - 2.60% year on year; after eliminating excess capacity, the capacity utilization rate of glass was 83.04%, up 0.44% month on month, up - 3.73% year on year. The production capacity was 940.5 million heavy boxes, an increase of 14.4 million heavy boxes from the previous month, an increase of -16.5 million heavy boxes last year. On October 31, 2019, the industry's inventory was 37.1 million heavy boxes, an increase of 80,000 heavy boxes last month, an increase of 4.42 million heavy boxes last year. At the end of the month, the inventory days were 14.40 days, an increase of -0.26 days from the previous month and an increase of 1.93 days compared with the same period last year.

Industry chain: the market price of soda ash in the upstream is slightly increased, the mainstream price of light soda is 1,550-1,800 RMB/ ton, and the mainstream price of heavy soda is 17,80-1,850 RMB/ ton. The actual transaction price can be further discussed. Last month, the domestic soda ash market was relatively stable as a whole, mainly consolidated, with a small increase of sporadic enterprises, and the delivery of manufacturers was acceptable.

  1. Market Forecast

According to the prediction of SunSirs, in the short term, the glass market is mainly consolidated, supplemented by a small increase. Due to the weather, the glass market has also entered the off-season from the north to the south, with a large increase difficult and stable price.

 

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