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SunSirs: Production and Sales in Various Regions Improved, and Glass Transactions Improved over the Weekend in China

June 06 2023 11:38:59     SunSirs (Selena)

Recently, there has been a slight downward trend in the spot price of glass. Last week, the production of glass steadily increased, and the inventory in the factory is still mainly accumulated, with a total of 3.366 million boxes accumulated last week. Over the weekend, there were significant signs of a rebound in production and sales in various regions, especially in the Shahe region, where production and sales were exceptionally hot. Hubei, East China, and other places have had a significant recovery compared to last week's working days. In terms of subsequent supply and demand, some resumption of production and new ignition production lines in May have been postponed. According to the announced plan, there is still more than 5,000 tons of production capacity to be fulfilled, and we will continue to pay attention to the ignition plan of the glass factory; In addition, with the arrival of the rainy season in the future, the construction progress of the real estate will be affected, which will create a negative impact on the glass industry. For the traditional peak season of the third quarter, the support for glass demand at the end of real estate completion can be played. The recent trend of the market has been relatively strong, mainly due to macroeconomic recovery, rumors of favorable real estate conditions, and plans by some glass factories in East China to increase factory prices, in order to boost market confidence. In the short term, the news is facing the disturbance of the market. The current market volatility is significant, and it is recommended to operate with caution. Pay attention to spot production and sales, inventory situation, and actual trends of terminal real estate. Over the weekend, production and sales in various regions improved, and glass transactions improved

 

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