- Price Trend
According to the monitoring of SunSirs, the price of glass rose slightly last week. The average price of glass at the beginning of the week was 20.37 RMB/ m2, and the average price at the weekend was 20.45 RMB/ m2. The price rose within the week by 0.39%.
- Analysis of Influencing Factors
Product: the market price of glass rose steadily last week. In the northern part of Shahe, the price was stable last week. Some manufacturers announced that the price of October 26 planned to rose 0.25 RMB/ m2. The demand for the terminal market in East China is acceptable, and the market price rose slightly. South China last week's market performance is fair, the spot price of South China manufacturers was on the high side, the price rose slightly, not much. Central China enterprises are generally out of stock and prices are stable. In the northeast region, with the end of rush orders, the operating rate of processing enterprises decreased slightly, and the price of glass this week was mainly stable. This week, the price of glass production enterprises in the southwest and northwest regions rose slightly.
Production capacity: the two production lines of Jiangmen Xinyi early resumption of ignition increased the pressure of local supply, and at the end of the month there was a new production line of Guangxi Beihai to ignite. There may be some capacity reduction in the northern region, and the specific situation needs to be investigated. According to the data of Industry Association, on October 25, 2019, the glass capacity utilization rate was 69.63%; the chain was up 0.00% last week, up -2.86% compared with last year; the glass capacity utilization rate after removing excess capacity was 82.87%, up 0.00% from last week and up -3.90% compared with last year. The production capacity of glass production was 92.91 million heavy boxes, an increase of 20,000 heavy boxes last week, an increase of -2.79 million heavy boxes compared with last year. On October 25, 2019, the industry's inventory was 37.15 million heavy boxes, an increase of 390,000 heavy boxes last week, an increase of 48.30 million heavy boxes compared with last year. Weekend inventory days were 14.59 days, an increase of 0.15 days from the previous week and an increase of 2.27 days.
Industry chain: last week, the market price of soda ash was stable. At present, the mainstream factory price of domestic light soda is 1,600-1,850 RMB/ ton; the mainstream price of domestic heavy soda is 1,780-1,850 RMB/ ton. Last week, the market of heavy soda changed little, and the factory's delivery was relatively smooth.
- Market Forecast
According to the SunSirs, the glass market will maintain its current trend in the short term, as the sales season is coming to an end, the glass market demand is still acceptable. Recently, manufacturers in the Shahe area also plan to increase their recent offers to boost market confidence. Glass companies and traders only grasp the tail of the peak season, the price is mainly stable, supplemented by a small price increase.
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