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SunSirs: The Price of Glass Spot Market Fell Last Week
November 22 2022 10:35:48SunSirs(Selena)

According to the monitoring of SunSirs, the spot market price of glass fell within the week. The average price of glass on Monday was 18.89 yuan/square meter, and the average price on Friday was 18.59 yuan/square meter. The price fell within the week by 1.59%.

The spot market price of glass fell within the week. The market turnover in Shahe region of North China was fair, the spot price of the market was partly lowered, and the market shipments improved. In East China, the market turnover is average, and the downstream takes the goods as needed. The overall production and sales in Central China are fairly good. After the market price is lowered, the shipment situation is good and the inventory is reduced. The spot delivery of glass in South China is general. Downstream enterprises replenish as needed. The production and sales are basically balanced, and the inventory has decreased. The production and sales in Southwest China are average, and the shipment is fair. The glass market in northwest China is average. The market trend in Northeast China was light, and inventory increased slightly.

In terms of soda ash, according to the monitoring data of SunSirs, the overall price of soda ash last week is mainly stable, and the price is large, stable and small. The current mainstream market price of light soda ash in East China is about 2,650-2,800 RMB/ ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2,650-2,750 RMB/ ton. The upstream and downstream supply and demand play a game, and the price of soda ash is under pressure. It is estimated that the price of soda ash will be mainly consolidated in the later period, depending on the downstream market demand.

In terms of LNG, according to the data monitoring of SunSirs, as of November 18, the average price of domestic LNG was 4,426 RMB/ ton, which was 6.07% lower than the average price of 4,712 RMB/ ton on November 14. LNG analysts from SunSirs believe that: recently, due to the weakening of cost support, on-site supply exceeds demand, terminal demand release is limited, and the LNG market continues to decline. The new raw gas auction is about to start, and the industry is mainly cautious. It is expected that the LNG market will consolidate and operate in the short term. It is recommended to pay attention to the changes in cost side and downstream demand.

According to the prediction of SunSirs, the glass spot market will continue to decline slightly last week. The spot delivery of glass is mainly flexible, the market confidence is insufficient, and the downstream processing plant enterprises just need to purchase. It is expected that the glass spot market will be wait-and-see in China in the short term, with weak stable operation as the main.

 

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