- Price Trend
According to the monitoring of SunSirs, the average price of glass was 19.78 RMB/㎡ at the beginning of the week and 19.85 RMB/㎡ at the end of the week, with a price increase of 0.35%.
On September 20, the glass commodity index was 109.67, unchanged from the day before, hitting an all-time high in the cycle, up 47.49% from the lowest point of 74.36 on February 16, 2016. (Note: Period refers to the period from October to 16, 2012 to the present)
- Market Analysis
Products: This week's glass market continued last week's trend, steadily rising. From a subregional point of view, the situation of North-South polarization continues to emerge. Spot glass prices in North China and East China have risen overall, but by a small margin. The prices of manufacturers in the southwest and northwest regions also rose by the same margin; the market in central and southern China was in good condition this week, and prices were running smoothly.
Production capacity: Shaanxi Shenmuruicheng industry Co., Ltd. second production line 700 tons of water cooling repair. Benxi Yingxin Glass Co., Ltd. second production line 800 tons of water cooling repair. The ignition time of some new production lines in Fujian has been delayed. According to industry association data, the utilization rate of glass production capacity on September 20, 2019 was 69.63%; it rose - 0.67% from last week, up - 2.41% from last year; after eliminating the excess capacity, the utilization rate of glass production capacity was 82.87%, which rose - 0.81% from last week and - 3.45% from last year. The glass production capacity is 929.1 million heavy boxes, an increase of - 9 million heavy boxes from last week, and an increase of - 17.7 million heavy boxes from last year.
Industry chain: The price of upstream soda market is stable. At present, the main domestic price of light soda is 1,650-1,770 RMB/ton; the main domestic price of heavy soda is 1,750-1,850 RMB/ton. This week, the market of heavy soda has not changed much, and the shipment situation of manufacturers is relatively smooth.
On September 20, the soda industry chain index was 66.09, up 0.1 points from yesterday, down 37.12% from 105.11 points in the cycle (2011-12-01), and up 3.23% from 64.02 points on August 09, 2019. (Note: Period refers to 2011-12-01 to date)
- Market Forecast
According to SunSirs, with the National Day approaching, the factors of environmental protection and production restriction have been significantly strengthened, the release of production enterprises from warehouses has slowed down in some areas, and market prices have continued to rise slightly.
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