SunSirs: The Spot Market Price of Glass in China Continued to be Weak Last Week (December 18-22)

According to the Commodity Analysis System of SunSirs, the spot market price of glass continued to weaken last week, with an average price of 21.86 RMB/square meter last Friday. The price decreased by 1.49% during the week.

Last week, the spot market price of glass continued to weaken, and the overall industry production and sales situation in the market was average, with a slowdown in the outbound situation of enterprises. From a regional perspective, the trading situation in the glass spot market in Shahe, North China is light, with manufacturers mainly relying on flexible shipments and enterprise inventories increasing. The market trading situation in the East China region is still good, with downstream demand for goods and a decrease in inventory. The overall production and sales in Central China are average, and downstream purchasing enthusiasm is average. Manufacturers have increased their inventory. The production and sales situation of glass in South China is still good, and there is a strong demand for replenishment in the middle and downstream markets, resulting in a decrease in inventory. The production and sales of glass in the southwest region are still good, and the inventory of enterprises has decreased. The glass market in the northwest region is average, and enterprise inventories are increasing. Affected by climate, the market in Northeast China is mainly outsourced, and inventory has increased.

According to the commodity analysis system of SunSirs, the price of soda ash remained stable last week. The mainstream market quotation for light soda ash in North China is around 2,700-2,850 RMB/ton. The mainstream market quotation for light soda ash in East China is around 2,700-2,850 RMB/ton. At present, the price of soda ash is operating steadily, and the equipment is stable with minor changes. Downstream demand is still acceptable. Overall, it is expected that the operating market for caustic soda will remain strong.

In terms of liquefied natural gas, according to the commodity market analysis system of SunSirs, the domestic price of liquefied natural gas increased last week. As of December 22, the average price of liquefied natural gas in China was 5,514 RMB/ton, which is higher than the average price of 4,996 RMB/ton on December 18. The price of liquefied natural gas in China has increased by 10.37%. Liquefied natural gas analysts from SunSirs believe that the domestic liquefied natural gas price trend has continued to strengthen in recent days. With the significant increase in liquid prices and the weakening of downstream receiving capacity, the space for liquid price increase is limited. It is expected that the domestic liquefied natural gas prices will stabilize and fluctuate in the short term, with consolidation and operation being the main focus.

According to SunSirs, spot prices in the glass market slightly decreased last week. Upstream caustic soda is currently operating steadily, with a significant increase in liquefied natural gas. Cost support is still acceptable. Last week, there continued to be division between the north and south, with the south rushing to work and the middle and downstream processing enterprises mainly replenishing goods in urgent need. The delivery situation is still acceptable. The winter climate in the north affects transportation to a certain extent, resulting in poor market production and sales. Overall, it is expected that the glass spot market will consolidate and operate within a certain range in the short term.

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