The year 2022 came to a successful end. From the perspective of price, according to the monitoring of SunSirs, the glass market in 2022 fell. The average price in the monitored area was 24.87 RMB/square meter on January 1, and fell to 18.6 RMB/square meter on December 28, with a comprehensive annual decline of 25.21%.
According to the market development in 2022, the spot market price of glass fell first and then rose in January. Prices rose after the New Year holiday in February. In March, affected by transportation control and other factors, the transportation restricted price began to fall. In April, the transportation began to recover gradually, and the downstream began to replenish, so the price rebounded slightly and quickly. From May to July, the inventory was high, the demand remained low, and the glass price fell all the way. From August to October, the number of production lines to be repaired by water cooling increased. Under the completion cycle of real estate, the downstream demand improved slightly, the consumption of glass increased, and the market price rose in shock. In November, the price was mainly reduced to the warehouse, and the price fell again. In December, the capacity in production further contracted, the real estate policy further relaxed, the winter storage plan and the replenishment in the south, and the price rebounded.
In the first quarter, the glass price fell first and then rose in January. In the middle and late ten days, the price increase letters of glass were issued frequently, boosting market confidence, further stimulating the enthusiasm of the downstream to take goods, and the glass price stopped falling and rebounded. The price increased by 3.98% from the beginning of the month, and the average price at the end of January was 25.86 RMB/square meter. In February, the domestic spot market improved, downstream replenishment demand was positive after the festival, and market sentiment improved. The price showed an upward trend of 7.85%, and the average price at the end of February was 27.89 RMB/square meter. In March, affected by transportation control and other factors, the transportation restricted price began to fall. The decline was 13.11%, and the average price at the end of March was 24.2 RMB/square meter.
In the second quarter, the glass industry as a whole showed a downward trend. The sales and completion of downstream real estate did not improve, and the demand for glass consumption was insufficient. Downstream traders and glass processing enterprises were not enthusiastic about taking goods, and prices fell. From April to June, the cumulative decline was 14.4%, and the average price fell to 20.68 RMB/square meter.
In the third quarter, in July, the price of soda ash and soda ash in the upstream of the glass industry declined, the capital of the terminal real estate industry was limited, and the demand was poor. The orders of downstream processing enterprises were average, and the operating rate was not high. On the whole, the glass spot market lacks confidence. Compared with the beginning of the month, the average price dropped to 19.3 RMB/square meter. In August, supply side cold repair increased, supply contracted, inventory decreased slightly, and prices recovered slightly. The average price at the end of the month was 19.88 RMB/square meter, and the price increased within the month by 3.01%. The market price fluctuated slightly in September, with 7 cold repair production lines and periodic replenishment by downstream processing plants. The inventory in most regions decreased to varying degrees, and the average price at the end of the month was 19.74 RMB/square meter.
In the fourth quarter, the glass price in October was stable and slightly volatile, with the average price at the end of the month being 19.73 RMB/square meter. In November, the glass spot market entered the off-season, and the demand for rush work was not expected, mainly due to price reduction and stock removal. In November, the average price dropped to 18.36 RMB/square meter, down 6.23%. At the end of December, with the continuous optimization of policies and the promotion of the policy of ensuring delivery of buildings, the price increased by 1.09% from the beginning of the month, and the average price at the end of December was 18.6 RMB/square meter.
The next two months are the off-season of holidays. It is expected that most manufacturers will start their holidays in the first ten days of January, and the market will gradually recover in the first ten days of February. At present, the soda ash market has not changed significantly before the Spring Festival, and the price will remain stable. With the policy of the real estate industry gradually taking effect, consumption has warmed up, and glass manufacturers' confidence in the late market has been boosted, and prices have been gradually restored. On the whole, the price of glass has kept stable in the near future.
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