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SunSirs: China Glass Spot Market Price Fluctuated slightly in September
September 30 2022 10:59:57SunSirs(Selena)

According to the monitoring of SunSirs, the price of glass fluctuated slightly this month. The average price of glass at the beginning of the month was 19.84 RMB/square meter, and the average price at the end of the month was 19.74 RMB/square meter. The price decreased slightly within the month by 0.5%.

On the whole, the spot price of the glass market fell first and then rose in September, with a slight price shock. The overall turnover of the glass market in the first half of the month was average. Inventories of manufacturers and traders have increased, glass prices have decreased slightly, and market sales are more flexible. In the second half of the month, the Double Festival is approaching, and the enterprises are replenishing goods in stages. The glass market confidence is rising, and the market price is rising slightly. Up to now, the market quotation in Shahe area is between 18.9 RMB/square meter and 19.5 RMB/square meter. On the whole, inventories in most regions have declined to varying degrees. At present, the production and sales of the manufacturer are fairly good, the market shipment is more flexible, and downstream customers can replenish as needed.

In terms of soda ash, according to the monitoring data of the business community, the overall price of soda ash in this month was consolidated. The current mainstream market price of light soda ash in East China is about 2,600-2,850 RMB/ ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2,600-2,700 RMB/ ton. Data shows that the soda ash inventory this week is about 350,000 tons. The overall price of domestic soda ash is stable and dynamic. The soda ash inventory in some areas is tight, but the overall trading atmosphere is relatively general. The downstream of soda ash is still mainly purchased on demand. The market as a whole is stable, and it is difficult for the early National Day to fluctuate significantly. It is comprehensively expected that the price of soda ash will be adjusted and operated mainly in the later period, depending on the downstream market demand.

In terms of LNG, according to the data monitored by the business community, the average price of domestic LNG was 7,176 RMB/ ton on September 28, 1,284 RMB/ ton higher than 5,892 RMB/ ton at the beginning of the month, 21.79% higher, 14.09% higher than the same period last year. LNG analysts from the business community believed that the LNG market in September was volatile and rising, and the overall trend was good. At present, it is near the National Day holiday, and a large number of goods are replenished downstream due to transportation considerations. There was a strong buying atmosphere on the floor, and the rising trend continued. With the maintenance of the Sino Russian pipeline, the on-site supply is reduced. It is expected that the domestic LNG price trend will continue to rise in the short term.

According to the prediction of SunSirs, the spot market price of glass fell first and then rose this month. Under the completion cycle of the real estate, the downstream processing plants replenish the goods periodically, and the inventory in most regions has decreased to varying degrees. It is expected that China glass spot market price will be mainly wait-and-see in the short term.

 

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