According to the Commodity Analysis System of SunSirs, the spot market price of glass fell last week. The average price of glass on Monday was 19.08 RMB/square meter, while on Friday last week it was 18.73 RMB/square meter. The price dropped by 1.83% during the week.
Last week, the spot market price of glass fell. The overall industry production and sales situation in the market is average, with inventory showing a downward trend overall. However, the shipment situation has slowed down compared to last week, and the downstream stage of stocking has basically ended. From a regional perspective, in the Shahe area of North China, market trading has weakened, manufacturer inventory has increased, and on-site quotations have been lowered. The trading situation in the East China region has slightly slowed down, and the market has started to observe. Downstream purchases are more cautious than last week. The overall market situation in Central China is still good, with average downstream procurement and continuous decline in manufacturer inventory. The production and sales situation of glass in South China is average, with a slight decrease in market inventory due to the urgent need for replenishment in the middle and downstream markets. The glass market in the southwest region is average, with a slight decrease in enterprise inventory. The glass market in the northwest region is average, with a slight decrease in enterprise inventory. The market situation in the Northeast region is average, with a slight decrease in inventory.
According to the commodity analysis system of SunSirs, the price of soda ash remained stable last week. The prices of soda ash in the East China region are consolidating, with the mainstream market price of light soda ash being around 1,850-2,050 RMB/ton. The prices of soda ash in the Central China region are consolidating, with the mainstream market price of light soda ash being around 1,800-2,000 RMB/ton. According to data, as of April 18, 2024, the total inventory of domestic soda ash manufacturers was 890,900 tons, a decrease of 3,600 tons compared to Monday, a decrease of 0.4%.
In terms of liquefied natural gas, according to the commodity market analysis system of SunSirs, the domestic price of liquefied natural gas fluctuated and increased last week. The average price of liquefied natural gas in China on Monday was 3,974 RMB/ton, and on Friday it was 4,050 RMB/ton. The price increased during the week, with a decrease of 1.91%. According to liquefied natural gas analysts from SunSirs, the recent surge in imported gas prices has stimulated an increase in the domestic gas market, coupled with favorable support from the supply and demand sides, leading to a concentrated upward trend in domestic liquefied natural gas prices. It is expected that the domestic liquefied natural gas prices will continue to rise in the short term.
According to the SunSirs, spot prices in the glass market fell last week. The price of upstream soda ash is temporarily stable, while the price of liquefied natural gas is rising. Cost support is average. The phased replenishment of middle and downstream processing enterprises has basically ended, and the demand for terminal real estate has not significantly improved. The overall confidence in the glass spot market has turned from strong to weak. It is expected that the glass spot market will experience weak and stable consolidation in the short term.
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