According to the Commodity Analysis System of SunSirs, the spot price of glass increased in early August, with an average price of 21.73 RMB/square meter on August 1st and 23.11 RMB/square meter on August 9th. In early August, the price of glass increased by 6.35%.
In early August, the spot price of glass rose, and the overall industry production and sales situation in the market was good. Enterprises had a strong bullish sentiment towards the future market, and many companies sent letters to increase glass prices. The market focus continued to rise. From a regional perspective, the spot glass market in Shahe, North China has shown good trading performance, with glass companies experiencing an increase in prices. The market trading and investment situation in the East China region is good, with a good enthusiasm for downstream procurement, and market prices continue to rise. The overall production and sales in Central China are good, with a significant decrease in factory inventory and a tight spot, leading to an increase in market prices. The production and sales situation of glass in South China is good, with manufacturers' inventory decreasing and spot prices of glass continuously increasing. The production and sales in the southwest region are relatively good, with inventory decreasing and the market focus moving upwards. The glass market in the northwest region is average, with stability being the main focus. The market situation in the Northeast region is good, with periodic replenishment in the downstream, a decrease in inventory, and an increase in market prices.
According to the Commodity Analysis System of SunSirs, the price of soda ash remained strong and upward in early August. On August 1st, the average price of domestic light soda ash was 2,060 RMB/ton, and on August 9th, it was 2,122 RMB/ton, with an upward trend of 3.01%. The operating rate of soda ash is relatively stable, and the overall trading atmosphere is acceptable. Recently, there has been a demand based procurement in the downstream of soda ash, and a supply-demand game. Overall, it is expected that the price of soda ash will remain strong in the later stage, depending on the downstream market demand.
In terms of liquefied natural gas, according to the Commodity Market Analysis System of SunSirs, the price of liquefied natural gas first fell and then rose in early August, and overall, the price slightly increased. As of August 9th, the average price of liquefied natural gas in China was 3634 RMB/ton, which is higher than the average price of 3,630 RMB/ton on August 1st. The price of liquefied natural gas in China has increased by 0.11%. At present, the maintenance of some liquid plants and the increasing demand for upstream and downstream replenishment have led to a slight increase in liquid prices. The bidding price of raw gas has increased today, and it is expected to rise in the short term.
In terms of terminal real estate, on August 9th, CCTV news reporters learned from the Ministry of Housing and Urban Rural Development that the work of ensuring the delivery of buildings in various regions is currently progressing smoothly, and project resumption and construction delivery are accelerating. Since the implementation of the "guaranteed delivery of buildings" work, various regions have accelerated project construction and delivery, closely monitoring the housing delivery rate, and taking multiple measures to accelerate project resumption and construction delivery. At present, the overall resumption rate of the special loan project for Baojiao Building is close to 100%, with a total of over 1.65 million housing deliveries completed, and the delivery rate of the first batch of special loan projects exceeds 60%.
According to SunSirs, spot prices in the glass market will continue to rise this week. Upstream liquefied natural gas prices first fell and then rose, with overall prices slightly rising. Soda ash is strong and moving upwards, and cost support is still acceptable. The terminal real estate policy continues to be loose, and the completion remains strong. Downstream traders and processing enterprises have high enthusiasm for obtaining goods and good trading performance. In the short term, the confidence in the glass spot market is good, and the focus of transactions continues to shift upwards.
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