Demand recovery is slow, with downstream demand mainly (2.29 Float Glass Weekly Review)

1. Analysis of the float glass market

This week, float glass market prices have fluctuated and fluctuated, with the price of 5mm large plate float glass rising in Southwest, East China, and Beijing-Tianjin-Hebei regions, with the increase concentrated at 10 yuan/ton. However, the price of 5mm large float glass in North China and Shahe has been lowered by 10-28 yuan/ton. Float glass prices in other regions are stable.

During the week, the construction of downstream processing factories resumed after the Lantern Festival, and the supply of resources was relatively abundant. In addition, the impact of weather factors has weakened and logistics and transportation has improved. Demand starts slowly, and the downstream replenishment mentality is still dominated by just demand. In terms of regions: the mentality of stocking in the downstream reaches of Southwest China is relatively positive, the shipment situation of production companies is still good, and some manufacturers with better sales have appropriately increased prices. Float glass prices rose in East China, but downstream demand recovered slowly to curb the increase. Float glass prices fell overall in North China, and the focus of transactions shifted downward, especially in the Shahe area. The price of large-board float glass fell significantly, and the overall performance of Beijing, Tianjin and Hebei was moderate.

In terms of futures, the overall glass week rebounded slightly and then bottomed out again. The gradual resumption of work by downstream deep-processing enterprises after the 15th of the first month has brought a wave of centralized replenishment. Market rumors that the news of closing orders is now being rumored, combined with the influence of macro-level policies, has led to a small rebound in the glass panel. However, after that, the mood subsided and the trading logic returned to fundamentals. The sustainability of the replenishment market was not good. The market weakened again and once again tested a new low. After that, it lacked new drivers and mainly fluctuated within a narrow range with the market environment.

2. Comparison of float glass market prices

3. Float glass inventory

The total inventory of float glass manufacturers this week was 55.722 million heavy boxes, compared with 54.255 million heavy boxes last week, an increase of 1.467 million heavy boxes from last week, or 2.70%.

4. Weekly operating rate of float glass

The operating rate of float glass companies continued to increase this week. The weekly operating rate of float glass was 85.48%, an increase of 0.38%.

5. Weekly float glass output

There were 303 float glass production lines this week, of which 259 were in production, and float glass output was 1.2062 million tons, which was the same as last week, with a decrease of 0.00%.