Recent spot glass prices have remained sluggish, with production-to-sales ratios in most regions hovering between 80% and 100%. Over the weekend, some enterprises in Shahe and Hubei reduced prices by RMB20-40 per ton.

Fundamentally, market rumors suggest two glass production lines in Hubei may undergo cold repairs soon, potentially reducing daily capacity by 2,000 tons. Confirmation of these plans is pending, though the news briefly spurred a sharp price rally during trading. Meanwhile, four coal-fired lines in Shahe face potential retrofitting or shutdowns before year-end, affecting a combined daily capacity of 3,000 tons. Currently, two production lines in Shahe have met the conditions for ignition, with a combined daily melting capacity of approximately 2,250 tons. Mid-term glass supply may face contraction.

On the demand side, terminal demand has yet to show effective recovery. Rush-order demand remains weaker than in previous years, while mid-to-downstream restocking intentions are low. Current glass production and sales continue to operate at low levels, with weak demand potentially hindering sustained price increases.

As an integrated internet platform providing benchmark prices, on November 25, the benchmark price of glass on the business information platform was 13.38 RMB/square meter, a decrease of 3.39% compared with the beginning of the month (13.85 RMB /square meter).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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