Price trend
According to the monitoring of SunSirs, the price of glass fell this month. The average price of glass at the beginning of the month was 27.85 RMB/square meter, and the average price at the end of the month was 24.2 RMB/square meter. The price fell within the month by 13.11%.
Analysis review
Glass spot market prices fell this month. From the perspective of various regions, the market price of glass in Shahe, North China was reduced, the shipment situation was general, and downstream processing plants just replenished goods on demand. The production and sales of enterprises in East China were general, the transportation in the region was limited, the operating rate of downstream processing enterprises was low, and they were cautious in purchasing goods, manufacturers' inventory pressure was high, and prices were lowered. The overall production and sales in Central China were average, and the glass market price had been continuously lowered, which stimulated appropriate replenishment of downstream processing plants. The price of the South China glass spot market was lowered, and the overall market transaction was acceptable, and the downstream just needed replenishment. Near the end of the month, some manufacturers tentatively rose to stabilize the market. The market price in the southwest region was lowered, downstream purchases were more cautious, and the production and sales were low. The glass market in the northwest region was trending downward, the transportation in the region was limited, and the market transaction was limited. The market trend in the Northeast region was general, mainly issuing foreign orders, local trading was limited, some manufacturers were limited in shipments, and the overall inventory had increased.
In terms of soda ash, the market price of soda ash fell this month. The reference price of light soda ash on March 30 was about 2,587.50 RMB/ton, a decrease of 1.43% compared with the price of 2,625.00 RMB/ton on March 1. At present, the market trading atmosphere is general, and downstream purchases are more on-demand, and there is resistance to high-priced soda ash, and downstream purchases are cautious. It is comprehensively estimated that the soda ash market will consolidate in the short term, depending on the downstream market demand.
For LNG, market prices were down this month. The reference price of LNG on March 30 was about 7,282 RMB/ton, compared with the price of 8,446 RMB/ton on March 1, a decrease of 14.09%. At present, with the ease of public health control, logistics in Shaanxi has gradually recovered, the market trading atmosphere has improved, and manufacturers have a strong sentiment to support prices. However, considering that the market is gradually entering the off-season, the price increase of liquefied natural gas is not large.
Market outlook
Glass spot market prices fell this month. The price of upstream soda ash was sloping downward, and the price of liquefied natural gas dropped significantly. The reduction of raw material prices did not support the glass market enough. Downstream processing enterprises were more cautious in purchasing goods, and they mainly purchased just on demand. The stockholders in the market were not confident enough. It is expected that the glass spot market will continue to run weak in the short term.
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