Price trend

According to the monitoring of SunSirs, the spot market price of glass fell during the week. The average price of glass last Friday was 22.12 RMB/square meter, and the average price this Friday was 21.92 RMB/square meter. The price fell within seven days by 0.9%.

Analysis review

Glass spot market prices fell during the week.

In the Shahe region of North China, the market transaction was good, the inventory of manufacturers decreased, and the inventory of traders continued to decline, but it was mainly at a high level. The spot price of glass continued to decrease slightly, and the transaction was flexible. The market trading situation in East China was general, and the downstream was more wait-and-see, mainly on demand, and cautious in buying goods. The overall production and sales in Central China were acceptable. Manufacturers sold at a profit-cutting, and the transaction was slightly improved. The downstream was more wait-and-see, and the inventory increase was small. The spot trading situation of South China Glass was general, the market price was mainly stable, the trading was light, the downstream purchased on demand, and more were wait-and-see. Production and sales in the southwest region were average, shipments slowed down, downstream purchases were made on demand, and inventories increased slightly. The glass market in the northwest region was generally trending, with flexible glass transactions, weak demand, and continued increase in inventory. The market trend in the Northeast region was general, the downstream orders were general, shipments slowed down, and inventories increased.

In terms of soda ash, the average price of domestic light soda ash was 2,900 RMB/ton last Friday, and the average price of light soda ash this Friday was 2,930 RMB/ton, and the price rose during the week by 1.03%. The domestic soda ash market was consolidating, and the downstream purchased more on demand. It is comprehensively expected that the soda ash market will mainly be stable with small fluctuations.

In terms of LNG, according to the data monitoring of SunSirs, the average price of domestic LNG was 6,312 RMB / ton last Friday, and the average price this Friday was 6,362 RMB / ton, and the price rose within seven days by 0.79%. At present, the supply of LNG plants has decreased, and the price of LNG has rebounded and increased slightly. It is expected that the price of LNG will remain stable in the short term.

Market outlook

According to the estimates of SunSirs, the overall transaction of the glass spot market this week is normal. Upstream soda ash prices rose strongly, LNG prices rose slightly, and raw material prices supported the glass market. However, the current real estate market is less than expected, the enthusiasm for downstream procurement is not high, and the glass market is just in demand. It is expected that the glass spot market will be weak in the short term.

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