- Price Trend
According to the monitoring of SunSirs, glass prices rose sporadically in the last week, with an average price of 20.8 RMB/m2 at the beginning of the week and 20.83 RMB/m2 at the end of the week. The price rose by 0.14% in the week.
- Market Analysis
Product: last week, the glass market was stable in the South and weak in the north. The Shahe market in North China has a general trend, with stable price and little ex warehouse strength. The market in South China and central China has gradually weakened, the output of production enterprises has decreased month on month, the market confidence is insufficient, and the prices of some manufacturers have been reduced. The demand of East China's terminal market is fair, and the market price basically remains unchanged. The trend of Northeast China is not good, and the price is mainly reduced. In the northwest and southwest of China, the quotation of regional glass manufacturers is relatively stable, and the market confidence is slightly insufficient.
Capacity: according to the data of the industry association, the utilization rate of glass capacity on December 13, 2019 was 69.57%; it rose 0.22% month on week, up -1.01% year on year; after eliminating excess capacity, the utilization rate of glass capacity was 82.67%, up 0.27% month on week, up -1.75% year on year. The production capacity of glass in production is 936.3 million heavy boxes, an increase of 300, +0 million heavy boxes compared with last week, and an increase of 600,000 heavy boxes compared with last year. On December 13, 2019, the industrial inventory was 38.83 million heavy boxes, an increase of 790,000 heavy boxes on a month on week basis, and an increase of 7.64 million heavy boxes on a year-on-year basis. Weekend inventory days were 15.14 days, 0.29 days higher than the previous week, 2.97 days higher than last year.
Industrial chain: last week, the domestic soda market was weak and stable, and the market trading was light. At present, the start-up load of soda ash manufacturers is more than 90%, the downstream inventory is sufficient, the demand is limited, the supply pressure of soda ash is obvious, the market confidence is frustrated, the delivery and investment are light, and the enterprise may avoid excessive inventory risk through active maintenance. In December, three alkali plants cut production or stopped production. Even if some manufacturers stop production and reduce production, it is still a drop in the bucket in terms of supply, and the operating rate remains high. The inventory of soda plants is still increasing slowly, and the pattern of oversupply is difficult to change in the short term.
- Market Forecast
According to the prediction of SunSirs, the north-south differentiation of the glass market price will continue in the short term, showing a weak North South stable pattern. Some production enterprises in the South have issued certain preferential policies to increase the outbound volume and return funds, and boost market confidence. The overall trend of glass spot market in northern China is weak. In the short term, the overall market demand can be maintained for a period of time, and the price is mainly stable.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .