SunSirs: Good Trading, Glass Spot Prices rose in China Last Week (July 7-14)

According to the Commodity Analysis System of SunSirs, the spot price of glass increased last week. The average price of glass on the previous Friday was 20.91 RMB/square meter, while the average price on the previous Friday was 21.37 RMB/square meter. The price increased by 2.2% during the week.

Last week, the spot price of glass rose, and the overall industry production and sales situation in the market was good. Enterprise inventory showed a downward trend. From a regional perspective, the glass Spot market in North China Shahe has a good trading situation, with manufacturers' inventories falling significantly and glass market prices rising. The market turnover in East China is general, the downstream picking up situation has improved, and the enterprise inventory has declined slightly. The overall production and sales in Central China are fairly good, the delivery and investment situation is better than last week, the downstream receiving and delivery situation has improved, and the manufacturer's inventory has declined significantly. The production and sales situation of glass in South China is relatively good, with enterprises mainly reducing their inventory. Market transactions are relatively flexible, and manufacturers' inventory has decreased. The production and sales in the southwest region are weak, and downstream customers are more wait-and-see, resulting in a slight increase in inventory. The glass market in northwest China is general, and the inventory of enterprises drops slightly. The market situation in the Northeast region is 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 remained strong last week. The current mainstream market price of light soda ash in East China is about 2,000-2,100 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 84%.

According to the prediction of SunSirs, the spot price of the glass market rose last week. Upstream soda ash is operating strongly, and the price of liquefied natural gas is falling. The cost support is average. However, downstream processing enterprises' demand has improved and their trading situation is improving. In addition, the postponement of two of the "16 financial policies" issued on the evening of July 10 is also good for the confidence of the glass market. It is expected that the glass Spot market will be stronger in the short term.

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