- Price Trend
According to the monitoring of SunSirs, the price of glass rose slightly last week. The average price of glass at the beginning of the week was 20.63 RMB/㎡, and the average price at the weekend was 20.8 RMB/㎡. The price rose within the week by 0.82%.
- Market analysis
Product: the price differentiation of glass market between North and south was obvious last week. The trend of Shahe in North China was weak, and the prices of some manufacturers were down. The demand of the terminal market in South China and East China was acceptable, and the market price was mainly increased by a small margin. The Northeast took the lead in winter, the weather was cold, and the purchase and sale of glass gradually stopped. Therefore, the quotation of glass manufacturers in the northeast, southwest and northwest regions was relatively stable.
Capacity: no capacity change last week. According to the data of Industry Association, on November 15, 2019, the utilization rate of glass production capacity was 69.88%; it rose 0.00% week on week, up - 1.78% year on year; after eliminating excess capacity, the utilization rate of glass production capacity was 83.03%, up 0.00% week on week, up - 2.68% year on year. The production capacity of glass in process is 945.5 million heavy boxes, an increase of 0 million heavy boxes compared with last week, an increase of - 9.6 million heavy boxes compared with last year. On November 15, 2019, the industrial inventory was 37.16 million heavy boxes, an increase of – 70,000 heavy boxes from last week, and an increase of 5 million heavy boxes from last year. Weekend inventory days were 14.42 days, up - 0.03 days compared with last week, an increase of 2.07 days.
Industry chain: the market price of soda ash is stable last week. At present, the mainstream factory price of domestic light soda is 1,400-1,740 RMB/ton; the mainstream price of domestic heavy soda is 1,780-1,800 RMB/ton. This week, the market change of heavy soda is not big, and the delivery of manufacturers is relatively smooth.
- Market Forecast
According to the prediction of SunSirs, in the short term, the north-south differentiation of the glass market price is relatively obvious, showing a weak pattern in the north and strong pattern in the south. Some manufacturers in the south are still trying to increase the price to boost market confidence. The seasonal change in northern China is obvious, and the overall trend of glass spot market is weak. In the short term, the overall market demand can be maintained for a period of time. The price is mainly stable, supplemented by a small price increase.
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