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SunSirs: China Glass Spot Market was basically Stable Last Week (September 9-16)

September 19 2022 09:39:24     SunSirs (Selena)

According to the monitoring of SunSirs, the spot market of glass was basically stable within the week, with an average price of 19.6 RMB/square meter.

The spot market price of glass was relatively stable during the week. The market turnover in Shahe region of North China is fair, the spot price of glass is more flexible, and the inventory of manufacturers and traders has decreased. In East China, the market trading situation is general, the price is mainly stable, the market is in a wait-and-see mood, and the downstream purchases on demand. In central China, the overall production and sales are average, some manufacturers sell at a discount, and downstream stocks are supplemented by a small amount. The market transaction is fair. The spot delivery and investment of South China Glass is general, and the price of enterprises is mainly stable. The market is relatively light. The production and marketing in Southwest China are general, the transportation is limited, and the production and marketing are slowing down. The glass market in northwest China was weak, and the inventory increased. The market trend in Northeast China is fair, and the shipment has slightly improved.

In terms of soda ash, according to the monitoring data of SunSirs, the overall price of soda ash last week was mainly stable, and the price was large, stable and small. The current mainstream market price of light soda ash in East China is about 2,600-2,800 RMB/ ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2,650-2,750 RMB/ ton. Data shows that the overall operating rate of soda ash is about 82% in the week, and the output of soda ash in the week is 540,000 tons, which has increased.

In terms of LNG, according to the data monitoring of the business community, the average price of domestic LNG was 5,930 RMB/ ton on September 12, and 6,312 RMB/ ton on September 16. The domestic LNG price rose 6.44% last week. The domestic LNG price continued to rise last week. Before the Mid Autumn Festival, the bidding price of feed gas increased, and the cost of LNG increased. But the traffic was blocked during the festival. After the festival, the transportation was restored and the liquid plant delivered smoothly. Affected by the typhoon on Wednesday, it landed in Zhejiang and suspended loading in East China. Central Asia pipeline began to be overhauled, and the market supply decreased. The winter coal storage started, the downstream demand increased, and the price of the liquid plant increased. At present, the trading atmosphere of LNG market is good, replenishment is increasing, typhoon factor is weakening, and the terminal has resumed loading in succession.

According to the prediction of SunSirs, the glass spot market was basically stable last week. On the whole, the downstream processing enterprises started less than expected, and the enthusiasm of enterprises to prepare goods was average. It is expected that in the short term, the spot glass market in China will be dominated by stable consolidation and operation.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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