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SunSirs: Lack of Confidence, China Glass Spot Market Fell in July

Increase font size  Decrease font size Date:2022-08-02   Views:31
According to the monitoring of SunSirs, the glass price continued to decline in July. The average price of glass at the beginning of the month was 20.68 RMB/ ㎡, and the average price at the end of the month was 19.3 RMB/ ㎡. The price fell within the month, with a range of 6.67%.
Market analysis
The spot price of glass continued to decline in July. In terms of subregions, in Shahe, North China, the spot market price of glass has decreased, the production and sales of manufacturers are OK, and the inventory of glass manufacturers has decreased. The overall market trading situation in East China is general, the local shipments are general, the inventory changes little, the downstream wait-and-see mood is strong, and the goods are taken cautiously. The overall production and sales in Central China are general, the manufacturers sell at a profit, the transaction is OK, the downstream and traders replenish appropriately, and the inventory decreases slightly. The spot trading of glass in South China is general, the market price is mainly stable, the trading is light, and the downstream purchasing enthusiasm is not high, so wait and see. Shipments in the southwest region have slowed down, downstream on-demand procurement, shipments have slowed down, and inventory pressure is high. The glass market in Northwest China has a light trend and weak demand. The market trend in Northeast China is general, the downstream orders are general, the shipment slows down, and the inventory increases slightly.
According to the data released by the National Bureau of statistics, the output of flat glass in June was 87.3 million heavy boxes, an increase of -0.1% year-on-year; From January to June, the output of flat glass was 514.6 million heavy boxes, an increase of 0.4% year-on-year.
In terms of soda ash, according to the monitoring data of SunSirs, the price of soda ash fell in July. The average market price of light soda ash at the beginning of the month was about 2,920 RMB/ ton, and the average market price at the end of the month was about 2,820 RMB/ ton. The price fell by 3.42%, an increase of 35.9% over the same period last year. At present, the mainstream market price of light soda ash in East China is about 2,600-2,800 RMB/ ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2,900-3,000 RMB/ ton. Domestic soda ash prices are weak, the overall trading atmosphere is relatively weak, and the enthusiasm for downstream procurement of soda ash is not high.
In terms of liquefied natural gas, according to the monitoring data of business agency, the average price of domestic liquefied natural gas was 5,992 RMB/ ton on July 28, up 2.22% from 5,862 RMB/ ton at the beginning of the month, and up 20.16% compared with the same period last year. According to SunSirs LNG analyst, the LNG market rose and fell in July, and the overall trend was upward. At the end of the month, the market fell and the trend fell. Recently, the terminal demand has decreased, the domestic liquid price has begun to fall at a high level, and the liquid factories in mainstream regions have begun to reduce prices. It is expected that the domestic LNG price trend will be mainly downward in the short term.
Market forecast

According to the prediction of SunSirs, the spot market price of glass will decline in July. The price of upstream soda ash fell, while the trend of LNG rose. At present, the inventory pressure of glass factories is large, and the cost pressure is not small. The capital of the terminal real estate industry is limited, the demand is poor, the orders of downstream processing enterprises are general, and the operating rate is not high. On the whole, the confidence of the glass spot market is insufficient, and it is expected that China glass spot market will operate weakly and stably in the short term.
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