SunSirs: Building Materials, Glass Market with obvious North-South Differentiation, Price is up and down (November 16-22)

1. Price Trend

According to the monitoring of SunSirs, last week's glass market price differentiation between North and south is more obvious. At the beginning of the week, the average price of glass was 20.8 RMB/㎡, and at the end of the week, the average price was 20.83 RMB/㎡. Within the week, the price rose slightly, with a range of 0.14%.

1. Market Analysis

Product: last week, the price of glass market continued to split between the north and the south. In Shahe of North China, the market confidence is insufficient, the shipment is not smooth, the confidence of traders is insufficient, the price of some manufacturers has been reduced, and the outbound strength has been increased, and the market price trend is weak. The terminal market demand of South China and East China is acceptable, the local order is good, and the export order is general. Manufacturers mainly operate at a high price, and the market price is increased. The Northeast took the lead in winter, the weather was cold, and the purchase and sale of glass gradually stopped. Therefore, the quotation of glass production enterprises in Northeast, southwest and region was relatively stable. The overall trend of the spot market of glass in Northwest China is general. Affected by the weak ex-warehouse situation of manufacturers in Shahe region, the quotation of some manufacturers has been lowered.

Capacity: according to the data of the industry association, the utilization rate of glass capacity at the end of last week was 69.62%; it rose - 0.27% month on month, and - 1.78% year on year; after eliminating excess capacity, the utilization rate of glass capacity was 82.72%, and - 0.32% month on month, and - 2.67% year on year. The production capacity of glass in production was 936.9 million heavy boxes, an increase of - 3.6 million heavy boxes compared with the previous week, and an increase of - 9.6 million heavy boxes compared with the previous year. Over the weekend, the industry had 37.37 million heavy boxes in stock, an increase of 210,000 heavy boxes from the previous week and a year-on-year increase of 5.87 million heavy boxes. Weekend inventory days were 14.56 days, 0.14 days higher than the previous week, 2.41 days higher than the previous week.

Industry chain: last week, the factory price of light alkali mainstream including tax was 1,450-1,800 RMB/ton, and the delivery price of heavy alkali mainstream including tax was 1,800-1,900 RMB/ton. The heavy alkali market was mainly consolidated, and the manufacturer's delivery was acceptable.

1. Market Forecast

According to the prediction of SunSirs, the north-south differentiation of glass market prices will continue in the short term, showing a weak pattern in the north and strong in the south. The southern market needs to improve, and some production enterprises are still trying to raise prices and boost market confidence. The overall trend of glass spot market in northern China is weak. In the short term, the overall market demand can be maintained for a period of time. The price is mainly stable, supplemented by a small price increase.

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