According to the Commodity Analysis System of SunSirs, the spot market price of glass increased last week. The average price of glass on Monday was 18.58 RMB/square meter, and on Saturday it was 19.12 RMB/square meter. The price increased by 2.91% during the week.
Last week, the spot market price of glass increased. The overall industry production and sales situation in the market is good, and overall inventory is showing a slight decline. From a regional perspective, in the Shahe area of North China, the market has shown good trading performance, with a decrease in factory inventory and an increase in manufacturer prices. The trading situation in the East China market is average, and downstream purchases are more cautious, resulting in a slight decrease in inventory. The overall market situation in Central China is still good, and downstream procurement is relatively active, with some reduction in factory inventory. The production and sales situation of glass in South China is average, with the main focus on replenishment in the middle and downstream markets, resulting in an increase in market inventory. The glass market in the southwest region is average, with a slight increase in enterprise inventory. The glass market in the northwest region is average, and enterprise inventories have slightly increased. The market situation in the Northeast region is still good, with a slight decrease in inventory.
According to the commodity analysis system of SunSirs, the overall price of soda ash stabilized and operated in the market last week. The price of soda ash in Central China is stable and relatively strong, with the mainstream market price of light soda ash around 2,000-2,100 RMB/ton. The price of soda ash in East China is stable and relatively strong, with the mainstream market price of light soda ash around 2,100-2,200 RMB/ton. There is data showing that the operating rate of soda ash this week was 86%, with a soda ash production of 720,000 tons and a soda ash inventory of 890,000 tons last week.
In terms of liquefied natural gas, according to the commodity market analysis system of SunSirs, the domestic price of liquefied natural gas increased last week. The average price of liquefied natural gas in China on Monday was 4,396 RMB/ton, and on Saturday it was 4,500 RMB/ton. The price increased during the week, with a decrease of 2.37%. The liquefied natural gas analyst from SunSirs believes that the domestic liquefied natural gas market has been pushing upwards recently, and after the continuous rise in liquid prices, downstream delivery capacity is limited, but the market is relatively optimistic. It is expected that the domestic liquefied natural gas prices will be relatively strong in the short term, with consolidation and operation being the main focus.
According to the SunSirs, the spot prices in the glass market were expected to shift upwards last week. The price of upstream soda ash is temporarily stable, while the price of liquefied natural gas is rising. Cost support is still acceptable. Last week, the overall strength of the glass futures market drove confidence in the spot market. It is expected that in the short term, the glass spot market will remain stable with a strong trend.
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