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SunSirs: Last Week, The Price of Glass Continued to Decline
June 27 2022 09:45:55()

1、 Price trend

According to the monitoring of the SunSirs, the spot market price of glass fell last week. The average price of glass last Friday was 21.92 yuan / square meter, and the average price last Friday was 20.81 yuan / square meter. The price fell by 5.06% in seven days.

2、 Market analysis

Glass spot market prices fell last week. The market trading in Shahe region of North China is in good condition, the inventory of glass manufacturers continues to decrease, and the inventory of traders continues to decline. The spot price of glass continued to decrease slightly and the transaction was flexible. The market trading situation in East China is general, the downstream is more wait-and-see, mainly on demand, and the trading is light. The overall production and sales in Central China were acceptable, the manufacturer's prices were lowered, the goods were delivered at a profit, the transaction was acceptable, and the inventory decreased slightly. The spot trading of glass in South China is general, the market price is mainly stable, the trading is light, and the downstream purchases on demand. Stay on the sidelines. The production and sales in Southwest China are average, the shipment slows down, and the inventory pressure is large. The glass market trend in Northwest China is general, the demand is weak, and the inventory continues to increase. The market trend in Northeast China is general, the downstream orders are general, the shipment slows down, and the inventory continues to increase.

According to the monitoring data of the SunSirs, the price of soda ash was adjusted last week. The mainstream market price of light soda ash in East China is about 2900-3100 RMB/ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2900-3100 RMB/ton. According to the data, as of June 23, 2022, the inventory of China's soda ash enterprises was 397600 tons, a month on month decrease of 44000 tons, or 9.96%.

In terms of liquefied natural gas, according to the monitoring data of SunSirs, the average price of domestic liquefied natural gas was 6362 RMB/ton on Friday half a month ago, and 5820 RMB/ton on Friday last week. The price fell within seven days, with a range of 8.52%. At present, the LNG market demand is poor and the focus is downward. Most manufacturers' prices are close to the cost line, and it is expected that the price decline of LNG market may slow down in the short term.

3、 Aftermarket forecast

According to the prediction of the business agency, the overall trading of the glass spot market last week was average. The price of upstream soda ash is firm and stable for the time being, the price of liquefied natural gas is falling, and the price of raw materials is weak to support the glass market. Downstream enterprises are not enthusiastic about purchasing, and the glass market is dominated by rigid demand. It is expected that the glass spot market will be weak in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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