Supply exceeds demand, floating glass has a significant decline (3.7 Float Glass Weekly Review)

1. Analysis of the float glass market

The price of float glass in the market fell significantly this week. Among them, the price of 5mm large float glass in Southwest, East China, Central China, South China and North China has been lowered, concentrated at 20-120 yuan/ton. North China's Beijing-Tianjin-Hebei region lowered its price by 100 yuan/ton, and Shahe's 5-mm plate glass dropped by 72-116 yuan/ton. The price of floating glass in the Northeast and Northwest regions is relatively stable.

In terms of regions, the floating glass market in the Northeast and Northwest regions has stabilized and moved slightly. The overall shipment performance is acceptable, and the prices of manufacturers are relatively stable; the floating glass market in South China has experienced the largest decline, with abundant regional resources and more low-cost goods. Manufacturers have more price cuts and promotions, and inventories have increased; manufacturers have lowered their prices many times, and downstream enthusiasm for getting goods is low, and the transaction atmosphere in the region is light; The price of floating glass in Southwest and East China has dropped relatively little, and the on-site transaction policy is relatively flexible. Quotes are appropriately adjusted according to their own production and sales conditions to stimulate shipments. Overall, the fundamentals of floating glass during the week were not optimistic, and the glass market remained weak.

In terms of futures, the overall glass week was dominated by shocks and downturns. It has the realistic logic of increasing supply and weak demand. The actual demand in the terminal market is limited, and the willingness of downstream deep processing companies to replenish stocks is low, which has caused continued negative feedback to the upstream. Ex-factory prices continue to decline, and futures prices are mainly weak.

2. Comparison of float glass market prices

3. Float glass inventory

The total inventory of float glass manufacturers this week was 59.243 million heavy boxes, compared with 55.722 million heavy boxes last week, an increase of 3.521 million heavy boxes from last week, or 6.32%. Float glass inventories continued to grow.

4. Weekly operating rate of float glass

This week, the operating rate of float glass companies fell for the first time in the year. The weekly operating rate of float glass was 85.15%, a decrease of 0.33%.

5. Weekly float glass output

There were 303 float glass production lines this week, of which 258 were in production. The float glass output was 1.2116 million tons, an increase of 0.45 million tons or 0.45% from last week.