SunSirs: The Spot Price of Glass slightly Increased in China Last Week (October 9-13)

According to the Commodity Analysis System of SunSirs, the spot price of glass slightly increased last week, with an average price of 23.76 RMB/square meter at the beginning of the week and 23.85 RMB/square meter last week. During the week, the price increased by 0.38%.

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 spot glass market in Shahe, North China has shown good trading performance, with a significant decrease in manufacturer inventory and an increase in glass market prices. The market trading situation in the East China region is still good, and the downstream pickup situation has improved, leading to a decrease in enterprise inventory. The overall production and sales in Central China are good, with good delivery and investment conditions. Downstream procurement and outsourcing have both improved, and the inventory of manufacturers has significantly decreased. The production and sales of glass in South China are good, with active replenishment in the middle and downstream markets, a decrease in enterprise inventory, and relatively good market transactions. The production and sales in the southwest region are average, with a slight decrease in inventory. The glass market in the northwest region is still available, and enterprise inventory has decreased. The market situation in the Northeast region is average, with a slight decrease in inventory.

According to the Commodity Analysis System of SunSirs, the price of soda ash was weak this week. The East China region's soda ash consolidation operation has a mainstream market quotation of around 2,650-2,950 RMB/ton for lightweight soda ash. The consolidation operation of soda ash in North China region has a mainstream market quotation of around 2,850-3,000 RMB/ton for lightweight soda ash. Data shows that the operating rate of soda ash this week is around 88%, and the production of soda ash this week is about 700,000 tons. Recently, the maintenance of soda ash manufacturers has been completed, and the overall supply is stable. Downstream demand is weak and stable. The supply and demand game shows that the price fluctuation of soda ash in the later stage is expected to be mainly weak, 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 increased significantly last week. As of October 12th, the average price of liquefied natural gas in China was 4,648 RMB/ton, which is a 10.25% increase compared to the average price of 4,216 RMB/ton on October 7th. Liquefied natural gas analysts from SunSirs believe that due to rising costs and colder weather, the domestic liquefied natural gas market has shown a strong upward trend in recent days. After several consecutive days of rising, the trend slowed down and the enthusiasm for receiving goods from downstream decreased. It is expected that the domestic liquefied natural gas price will fluctuate slightly in the short term, and there is still room for upward movement in the later stage as the heating season approaches.

According to SunSirs, spot prices in the glass market rose last week. Upstream soda ash operates weakly, resulting in a significant increase in liquefied natural gas. Cost support is acceptable. Middle and downstream processing enterprises are just in need of restocking, and the overall market demand has improved, and the delivery situation is still acceptable. It is expected that in the short term, the spot market for glass will be stronger and more organized.

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