SunSirs: Spot Glass Prices Fell Last Week (June 5-9)

According to the commodity analysis system of SunSirs, the price of glass in the spot market fell last week. The average price of glass last Friday was 22.21 RMB/square meter, and the average price last Friday was 21.92 RMB/square meter. The price fell within the week by 1.31%.

Glass Spot market prices fell last week. The overall production and sales situation of the glass Spot market is general. From a regional perspective, the price of glass Spot market in North China Shahe has been lowered, the market turnover has slightly improved compared with last week, and the manufacturer's inventory has declined. The market turnover in East China is not good. The downstream takes the goods to replenish as needed, and waits and sees more. The inventory of enterprises rises. The overall production and marketing in Central China is general. The downstream should purchase cautiously and wait and see more. The manufacturer's inventory has increased and the market price has decreased. The production and sales situation of glass in South China is average, and downstream processing factories replenish as needed, resulting in a decrease in inventory. The production and sales in the southwest region are relatively good, with a strong wait-and-see sentiment downstream and a slight increase in inventory. The glass market in northwest China is fair, and the inventory of enterprises has increased slightly. The market situation in the Northeast region is acceptable, with periodic replenishment in the downstream and a slight decrease in inventory.

According to the Commodity Analysis System of SunSirs, the price of soda ash was weak last week. At the beginning of the week, the average price of domestic light soda ash was 1,980 RMB/ton, and on the weekend, it was 1,950 RMB/ton. During the week, the price decreased by 1.52%. The operation of domestic soda ash is average, and downstream purchases are mostly based on demand. It is estimated that the market for soda ash or weak operation will depend on the downstream market demand.

In terms of liquefied natural gas, according to the Commodity Market Analysis System of SunSirs, as of June 9th, the average price of liquefied natural gas in China was 3,588 RMB/ton, which is 3,520 RMB/ton compared to June 5th. Last week, the price of liquefied natural gas in China increased by 1.93%. Liquefied natural gas analysts from Business Society believe that in recent days, the domestic liquefied natural gas market has shown a dominant trend, with a strong market price mentality. The bidding price for raw gas has increased, resulting in a positive cost side effect. It is expected that domestic liquefied natural gas prices will continue to rise in the short term.

According to the prediction of SunSirs, the spot price of the glass market fell last week. Upstream soda ash prices are weak, while domestic liquefied natural gas prices are rising, with average cost support. The demand in the terminal real estate market is average, and downstream just needs to replenish inventory. At present, the production and sales of glass market are still weak. It is expected that China glass spot market will be consolidated and operated temporarily in the short term.

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