Price trend

According to the monitoring of SunSirs, the spot price of glass rose this month. The average price of glass at the beginning of the month was 18.68 RMB/square meter, and the average price at the end of the month was 19.83 RMB/square meter. The price rose within the month by 6.16%.

Analysis review

The spot market price of glass rose in January. The glass market rose in early January. Before the Spring Festival, downstream and traders hoarded goods in an appropriate amount, and the inventory of original enterprises decreased. In the middle of January, the market was relatively stable and temporarily stabilized. In late January, after the Spring Festival holiday, the market continued its pre-holiday trend and the price continued to adjust slightly upward. With the resumption of work and production in various regions, the production and sales of glass in stock were still good. As of the 31st, the quotation of glass market in Shahe region was 19.5 RMB/square meter - 19.95 RMB/square meter. The downstream market was appropriately stocked, and the market confidence in the glass field was good.

The dynamic of glass production line. On January 5, Zhangzhou Qibin Photovoltaic New Energy Technology Co., Ltd., a 1,200 ton new line, one kiln and six lines were completed and ignited. On January 18, Zhangzhou Qibin Glass Co., Ltd. changed its seven-line 500 tons of ultra-white glass to white glass. Xinyi Glass (Jiangmen) Co., Ltd., the 400-ton white glass on the first line of Pengjiang had been converted to black glass for cars. On January 29, the 1,000-ton unit of the first kiln and fifth line of Suqian China Glass New Energy Co., Ltd. was successfully ignited. On January 30, Xianning Nanbo Glass Co., Ltd. carried out 700 tons of water cooling repair for the second line. On January 31, Jiangsu Dongtai China Glass Special Glass Co., Ltd., a 600-ton second line, ignited and put into production.

In terms of soda ash, according to the monitoring data of SunSirs, the overall price of soda ash in January was stable and upward. The average price of domestic soda ash at the beginning of the month was 2,648 RMB/ton, and the average price at the end of the month was 2,694 RMB/ton. The price rose within the month by 1.74%.The price of domestic soda ash was generally stable and to be stronger. Recently, some soda ash enterprises mainly maintained low inventory, and the overall trading atmosphere was acceptable. After the festival, enterprises started construction in succession and continued to rise. It is comprehensively estimated that the price of soda ash will be stable and stronger in the future, depending on the downstream market demand.

In terms of LNG, according to the data monitoring of SunSirs, the domestic LNG market fell first and then rose in January, with a downward trend as a whole. As of January 31, the average price of LNG in China was 6,104 tons, down 1.17% from the average price of 6,176 RMB/ton on January 1. LNG analysts from SunSirs believe that the domestic price of LNG rose due to the recovery of demand after the holiday and the smooth transportation. Although the price of raw gas has fallen, the demand for terminal replenishment is still on, and it is expected that the domestic LNG price will continue to rise in the short term.

Market outlook

According to the prediction of SunSirs, the spot market price of glass rose this month, and the spot production and sales of glass were fair. After the Spring Festival holiday, downstream enterprises began to work one after another, and manufacturers also had plans to raise prices, plus support from raw materials. It is expected that the glass spot market will increase slightly in the short term.

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