According to the Commodity Analysis System of SunSirs, the spot price of glass has dropped this month. On June 1st, the average price of glass was 22.31 RMB/square meter, and at the end of June 27th, the average price was 21.63 RMB/square meter. During the month, the price decreased by 3.05%.

The spot price of glass fell in June. In the first ten days of June, the market price was light, the overall industry production and sales situation was general, and the glass Spot market price was reduced. In the middle of the year, the price of glass Spot market rose and fell, and the market transaction was slightly better than that in the first ten days. The glass Spot market weakened in the last ten days, and the overall market confidence was poor. The downstream should purchase cautiously, replenish as needed, and wait and see more. As of now, the market quotation in the Shahe region is around 20.4 RMB/square meter to 21.75 RMB/square meter.

According to customs data, the import volume of glass in May 2023 was 17,500 tons, an increase of 30% year-on-year and a decrease of 21% month on month; The cumulative import volume of Chinese glass from January to May 2023 was 85,100 tons, a year-on-year decrease of 19%, and the import volume decreased by approximately 20,400 tons. In May 2023, the export volume of glass was 60,900 tons, a year-on-year decrease of 2% and a month on month decrease of 20%; The cumulative export volume of Chinese glass from January to May 2023 was 324,600 tons, an increase of 30% compared to the same period last year, and the export volume increased by approximately 76,000 tons.

According to SunSirs, the spot price of glass is expected to decline this month. The trend of upstream soda ash continues to decline, with domestic liquefied natural gas prices rising and cost support still available. However, at present, downstream traders and processing enterprises are not very proactive in obtaining goods, and they are more cautious in watching and purchasing according to demand. In addition, confidence in the terminal real estate market is weak. It is expected that the glass Spot market will operate weakly and stably in the short term.

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