SunSirs: Steady Rise of China Glass Price Last Week (November 13-20)

According to the monitoring of SunSirs, the price of glass increased in the last week. The average price of glass was 23.87 RMB/ m2 the previous weekend, and 24.02 RMB/ m2 last week. The price of glass increased slightly during the week, with a range of 0.63%.

The glass rose steadily last week. In the Shahe area of North China, the market transaction was good last week, the manufacturers' inventory was low, and the glass prices of some enterprises increased by about 0.5 yuan / square meter. Overall, the inventory of production enterprises was still at a low level. The terminal market demand in East China was fair, and the prices of some enterprises rose slightly, with an increase of 0.2-0.3 RMB/ m2. The prices of manufacturers in South China were mainly adjusted slightly, with an increase of about 0.3 yuan / square meter. The prices of manufacturers in Central China were mainly adjusted slightly, with an increase of 0.2-0.3 RMB/ m2. The prices of manufacturers in Southwest China were mainly adjusted slightly, with an increase of 0.2-0.3 RMB/ m2. The quotation of enterprises in Northeast China rose 0.2-0.5 RMB/ m2. The overall trend of glass spot market in Northwest China was general, and the price of manufacturers rose, with an increase of 0.2-0.5 RMB/ m2.

According to the data of the industry association, the glass capacity utilization rate on November 20, 2020 was 69.76%, up - 0.29% month on month and 0.15% on last year; after excluding excess capacity, the glass capacity utilization rate is 82.77%, up-0.18% month on month, and 0.05% higher than last year. The glass production capacity was 964.62 million heavy containers, an increase of -2.1 million heavy containers compared with last week, and an increase of 27.72 million heavy containers compared with last year. On November 20, 2020, the industry's inventory of 28.85 million heavy containers increased by -1.82 million heavy containers compared with last week, and -8.52 million heavy containers compared with last year. The number of weekend inventory days was 10.92 days, increased by -0.66 days compared with last week, and increased by -3.64 days on a year-on-year basis.

According to SunSirs, glass prices will rise slightly this week. At present, the inventory of processing enterprises is low, and the downstream decoration enterprises purchase more actively. The export orders of the southern region remained in good condition, and the orders of the northern region continued. In the short term, China glass market is still stable, supplemented by a small rise.

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