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SunSirs: Glass Price slightly Increased last Week (June 1-5)

June 09 2020 09:44:36     SunSirs (Selena)

According to the monitoring of SunSirs, last week's overall glass price increased slightly. At the beginning of the week, the average price of glass was 17.85 RMB/ ㎡, and the average price of glass was 18.3 RMB/ ㎡. Within the week, the price increased by 1.01%.

Market Analysis

Last week, the overall glass was slightly up. In Shahe of North China, thanks to the reduction of production capacity in the early stage, the inventory of enterprises has returned to the normal level. Last week, the market trend was better than that of other regions, and the market transaction price also increased by a certain margin. The operating rate of downstream processing enterprises in East China has not changed much, the number of orders of enterprises has changed little, the inventory of manufacturers has been effectively reduced, and the market transaction price has increased. The overall trend of the glass spot market in South China and central China is general, and the quotation of production enterprises has increased, and the market sentiment is stable. The glass trend in southwest, northwest and Northeast China is acceptable, and the manufacturer's quotation rises slightly. The quotation of sub manufacturers has increased, and the inventory pressure of manufacturers is still relatively large. The glass trend in Northeast China is acceptable, and the price of manufacturers is rising.

In terms of production capacity, according to the data of Industry Association, the utilization rate of glass production capacity on June 5, 2020 was 66.45%; it was up 0.06% on a month on week basis, up -4.01% on a year-on-year basis; after eliminating excess capacity, the utilization rate of glass production capacity was 78.27%, up 0.05% on a month on week basis, up -5.86% on a year-on-year basis. The production capacity of glass in process was 903.42 million TEUs, an increase of 2.4 million TEUs on a month on week basis, and an increase of -36.78 million TEUs on a year-on-year basis. On June 5, 2020, the industry's inventory was 49.94 million TEUs, an increase of –370,000 TEUs compared with last week, and an increase of 5.11 million TEUs compared with last year. Weekend inventory days were 20.18 days, up -0.20 days on a month on week basis, up 2.77 days on a year-on-year basis.

In terms of raw soda, as of June 4, the domestic soda market was weak, and the market atmosphere was light. In North China, the mainstream market price of light soda is about 1,300-1,450 RMB/ ton, and the mainstream market price of heavy soda is about 1,450-1,600 RMB/ ton; in Central China, the mainstream market price of light soda is about 1,050-1,150 RMB/ ton, and the mainstream market price of heavy soda is about 1,100-1,200 RMB/ ton; in East China Area, the current mainstream market price of light soda is about 1,100-1,250 RMB/ ton, and the mainstream market price of heavy soda is 1,250-1,350 RMB/ ton. On the whole, there is no obvious improvement in the downstream market demand, and the market transaction is general. It is expected that the price of soda ash will be more vulnerable in the short term.

Market Forecast

According to the prediction of SunSirs, the price of glass was still slightly increased last week, but the pace of the increase has slowed down, and the manufacturers mainly focus on the promotion. At present, the stock of enterprises has basically returned to normal, the pressure of production enterprises has been reduced, and the support effect on market price is obvious. However, in the near future, the willingness of cold repair and resumption of production and ignition of new production lines has increased. Downstream processing enterprises and traders are relatively cautious in their mentality. They just purchase by need. In the short term, glass prices will stabilize.

 

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