SunSirs: China Glass Spot Prices Continue to Increase recently, and Production and Sales have been Improving
October 10 2023 09:54:02 SunSirs (Selena)
There is no significant change in holiday fundamentals, and the overall inventory has slightly accumulated due to the impact of holidays. In terms of spot prices, many companies have raised their prices during the holiday, with an average spot price of 2167.05 RMB/ton as of October 8th. In terms of demand, due to the impact of holidays, production and sales in the middle and lower reaches have been suspended. In the past few days, production and sales have been relatively flat. Starting from October 4th, the middle and lower reaches have gradually recovered, and production and sales have significantly improved. In addition, the current demand season is relatively flat, but in recent times, macro real estate policies have been frequent. Coupled with the current period of high consumption of building glass, enterprises tend to increase prices. It is necessary to continue to observe the continued promotion of policies such as guaranteed delivery of buildings. Overall, the current fundamentals of glass are good, and there is no significant contradiction between supply and demand. There is still some support below short-term prices, and it is expected to maintain a volatile trend. However, it is necessary to continue to pay attention to the spot situation and be cautious of demand falsification.
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