SunSirs: Slight Differences in China Glass Spot Market Last Week (December 11-15)

According to the Commodity Analysis System of SunSirs, the price of glass decreased last week, with an average price of 22.48 RMB/square meter on Monday and 22.19 RMB/square meter on Friday. The price decreased by 1.29% during the week.

Last week, the glass spot market was divided between north and south, with prices in the northern market being flexible and individual companies in the south offering higher prices. The trading situation in the North China market is average, but due to recent weather conditions and snowfall affecting market shipments, overall market confidence is average, and market quotations are mainly flexible. The overall trend of the glass spot market in the East China region is average, with decent trading on the market. Downstream demand for replenishment is mainly in demand, and most enterprises are stabilizing prices for shipments, resulting in a decrease in inventory. The glass spot market in central China is currently operating steadily, with average market conditions and low inventory levels among manufacturers. Downstream processing enterprises have a high enthusiasm for restocking, and market transactions are still acceptable. The transaction in the spot market for glass in South China is still good, with a decrease in inventory and good market confidence. Some companies have raised their prices, with a focus on purchasing for immediate needs. The shipment in the southwest region is good, but inventory has decreased. The trend of the glass market in the northwest region is average, with a slight increase in inventory. The market trend in the Northeast region is still good, with main exports and a slight decrease in inventory.

According to the commodity analysis system of SunSirs, the price of soda ash is running steadily. The average market price at the beginning of the week was 2,780 RMB/ton, and the average market price over the weekend was 2,800 RMB/ton, with a price increase of 0.72%. Data shows that the operating rate of soda ash this week is around 84%. At present, the social inventory is not high, and enterprises from all sides are significantly reducing inventory. Downstream procurement is mainly based on demand, and the supply-demand game is expected. Overall, it is expected that the operation of soda ash will be strong, depending on the downstream market demand.

In terms of liquefied natural gas, according to the commodity market analysis system of SunSirs, the domestic price of liquefied natural gas fell last week. As of December 14th, the average price of liquefied natural gas in China was 5,062 RMB/ton, which is a decrease of 11.72% compared to the average price of 5,734 RMB/ton on December 8th. Liquefied natural gas analysts from SunSirs believe that the domestic liquefied natural gas price trend has continued to weaken in recent days. At present, the market supply is sufficient, and downstream procurement demand is insufficient. The market supply exceeds demand. The price of raw gas has fallen, and cost support is insufficient. Under the influence of bearish factors, it is expected that domestic liquefied natural gas prices will be weak and consolidate in the short term.

According to SunSirs's forecast, the glass spot market fluctuated last week, with prices in the spot market divided between north and south. Processing enterprises in the southern region are in urgent need of restocking, and manufacturers frequently send price increase letters. The demand in the northern region is average and prices are relatively flexible. The upstream pure alkali market is temporarily stable, while the price of liquefied natural gas is falling, and the price of raw materials is average for the glass market. It is expected that the glass spot market will consolidate and operate within the short term.

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