- Price Trend
According to SunSirs, the average price of glass was 19.68 RMB/㎡ at the beginning of the week and 19.78 RMB/㎡ at the end of the week, with a price increase of 0.51%.
- Market Analysis
Products: Last week's glass market continued a steady upward trend. The quotation of manufacturers in Shahe area increased 0.25 RMB/㎡as a whole. Due to recent environmental protection and production restrictions, traders and processing enterprises in some surrounding areas have also speeded up procurement from Shahe and other areas. The intermittent increase of manufacturers in the southwest, northeast and northwest regions has formed the mutual promotion effect, and the rise linkage of each region is relatively close. Inventories of production enterprises in some areas are low, and market prices continue to rise slightly. Some factories also raised prices too fast in the early stage, resulting in a slowdown in the release of warehouses. Prices will be stable in the near future.
Production capacity: Qingdao Saint-Gobain production line with pre-cold repair ignition is planned to produce in the last ten days of September, mainly with high-quality automotive original glass, and a small number of ordinary building glass. The ignition time of the new 800-ton production line in Fujian Ruibao is delayed and is scheduled to be around mid-October. There are plans for cold repair and shutdown of the 600-ton second production line of Benxi Yujing in the near future.
Industry chain: The price of upstream soda market has steadily risen. At present, the main domestic prices of light soda and heavy soda are 1,630-1,770 RMB/ton and 1,750-1,850 RMB/ton. Last week, the heavy soda market did not changed much, the shipment situation of manufacturers was relatively smooth, and the market was expected to be strong.
On September 6, the soda industry chain index was 65.78, which was the same as yesterday. It was 37.42% lower than the peak of 105.11 points in the cycle (2011-12-01), and 2.75% higher than the low of 64.02 points on August 9, 2019. (Note: Period refers to 2011-12-01 to date)
- Market Forecast
According to SunSirs, glass will maintain the current trend in the short term, the stock is relatively low. Due to the strong price psychology in the peak season, enterprises lay a good foundation for the off-season at the end of the year, so it is expected that the glass spot market will still be strong after the holiday.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .