SunSirs: The Spot Price of Glass Increased and Decreased Last Week (June 9-16)

According to the commodity analysis system of SunSirs, the price of glass in the Spot market rose and fell last week, with a slight decrease on the whole. The average price of glass last Friday was 21.92 RMB/square meter, and the average price this Friday was 21.75 RMB /square meter. The price fell within the week by 0.78%.

The price of glass in the Spot market fell slightly 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 risen and fallen, 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 goods to replenish as needed, and waits and sees more. The inventory of enterprises has increased. The overall production and sales in Central China are fairly good, the market price is down, the delivery and investment situation is better than last week, and the manufacturer's inventory has declined. The production and sales situation of glass in South China is average, with downstream processing factories mainly relying on demand, and inventory has slightly increased. The production and sales in the southwest region have weakened, and downstream wait-and-see sentiment is strong, leading to an increase in inventory. The glass market in northwest China is general, and the inventory of enterprises has increased slightly. The market situation in the Northeast region is still good, with periodic replenishment in the downstream and a decrease in inventory.

According to the Commodity Analysis System of SunSirs, the price of soda ash has temporarily stabilized last week. The current mainstream market price of light soda ash in East China is about 1,900-2,100 RMB/ton. The current market price of light soda ash in North China is about 2,000-2,200 RMB/ton. Data shows that the weekly operating rate of soda ash is around 90%. The soda ash plant is relatively stable, and the overall trading atmosphere is acceptable. Recently, downstream soda ash has been purchased on demand, and there is a supply-demand game. Overall, it is expected that the price of soda ash will fluctuate in the later stage, depending on the downstream market demand.

In terms of liquefied natural gas, according to the Commodity Market Analysis System of SunSirs, the price of liquefied natural gas in China has continued to rise last week. Due to the increase in raw gas bidding prices last Friday, cost support was positive, and liquefied natural gas began a continuous upward trend. The demand for downstream restocking has started to increase, and the market has a strong mentality of favoring prices. With the arrival of high-temperature weather in many parts of China, demand has increased, and the liquefied natural gas market continues to rise. Under the continuous rise of liquid prices, the enthusiasm for downstream replenishment has weakened, the market has a backlog of heavy vehicles, and the rise of liquefied natural gas has slowed down.

According to the prediction of SunSirs, the spot price of the glass market will rise and fall last week, with a slight decrease on the whole. Upstream soda ash has temporarily stabilized operation, while domestic liquefied natural gas has increased, and cost support is still acceptable. Last week, the situation of traders picking up goods has improved, and downstream processing enterprises are mainly in need of restocking. At present, the production and sales of glass market are still weak. It is expected that in the short term, China glass Spot market will operate in shock.

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