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SunSirs: China Spot Market Price of Glass Rose Last Week
January 11 2023 10:59:04SunSirs(Selena)

According to the monitoring of SunSirs, the spot market price of glass rose within the week. The average price of glass on Monday was 18.68 RMB/square meter, and the average price on Friday was 18.95 RMB/square meter. The price rose within the week by 1.45%.

The spot market price of glass rose in the week. From a regional perspective, the overall production and sales of Shahe in North China are OK, the downstream traders hoard goods appropriately, the spot price of glass market rises slightly, and the inventory of manufacturers decreases. In East China, the market trading situation is general, the inventory changes little, the market transaction is more flexible, and the downstream goods are more cautious and more wait-and-see. The overall production and sales in Central China are OK, the inventory is reduced, and the market is stable. The delivery and delivery of the spot glass in South China is general, and the downstream processing plants have many shutdowns and holidays, and the delivery and delivery are general. The production and sales in Southwest China are average, the shipment slows down and the inventory decreases. The glass market in the northwest region is weak, and most inventories are slowly increasing. The market trend in Northeast China is light. Under the winter storage plan, the production and sales are OK, and the inventory decreases slightly.

In terms of soda ash, according to the monitoring data of the business agency, the overall price of soda ash was stable and upward last week. The current mainstream market price of light soda ash in East China is about 2,600-2,750 RMB/ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2,700-2,800 RMB/ton. At present, the inventory of soda ash enterprises is low.

In terms of liquefied natural gas, according to the data monitoring of SunSirs, as of January 6, the average price of domestic liquefied natural gas was 6,438 RMB/ton, up 4.24% from the average price of 6,176 RMB/ton on January 1. Liquefied natural gas analysts from the Business Agency believe that the weather has warmed recently, and some downstream enterprises have shut down, and the terminal demand for liquefied natural gas has weakened. However, the bidding price of raw gas has risen, and the cost side has some support. It is expected that the domestic LNG price will rise in the short term.

According to SunSirs, the spot glass market will continue to rise last week. The spot production and sales of glass are OK. The downstream market is appropriate to stock up and store in winter in the north near the Spring Festival. At present, the market confidence in the glass yard is good, and the downstream processing factory enterprises just need to purchase. It is expected that in the short term, China glass spot market for will be more wait-and-see, and more concentrated on consolidation and operation.

 

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