Transactions improved slightly. The market fell first and then stabilized (3.14 Float Glass Weekly Review)

Transactions improved slightly. The market fell first and then stabilized (3.14 Float Glass Weekly Review)

1. Analysis of the float glass market

This week, the focus of transactions in the float glass market moved downward, with prices in Southwest, East China, Central China, South China and North China falling by 50-140 yuan/ton; prices in Northeast and Northwest markets being relatively stable.

Specifically, floating glass fell first and then stabilized during the week. At the beginning of the week, the price of floating glass in South China dropped the most. Low-level sources of goods in the region still existed. The pressure on the supply side was low and market demand recovered slowly. Companies lowered prices many times to stimulate shipments. The overall glass market in the North China market declined slightly. At the beginning of the week, environmental protection was controlled in the Shahe area and there was less vehicle transportation, making it relatively difficult for manufacturers to ship. However, with the resumption of transportation and the implementation of the Poly policy by some manufacturers, the company's shipments have improved and the quotations have been relatively stable. The enthusiasm of the middle and lower reaches of East China to obtain goods needs to be improved. Manufacturers 'shipment performance is average, and manufacturers with poor sales have allowed profits to ship. At present, some upstream manufacturers have continued to maintain and maintain prices recently, and production and sales have picked up, but the actual demand from downstream and terminals is still difficult to say.

In terms of futures, the overall glass week was dominated by low shocks. During the week, glass supply remained high and stable. Although demand improved due to price protection and price stabilization, more of the main reason was inventory transfer. The data on resumption of work after the end of the year was still weak year-on-year, and the actual demand turning point needs further verification. At a time when spot prices have stopped falling and stabilized, futures prices lack downward drive, but they do not yet support a reversal of upward movement. In the short term, they may continue to fluctuate and wait for terminal demand to be transmitted.

2. Comparison of float glass market prices

3. Float glass inventory

The total inventory of float glass manufacturers this week was 62.783 million heavy boxes, compared with 59.243 million heavy boxes last week, an increase of 3.54 million heavy boxes from last week, or 5.98%. Float glass inventories continued to grow.

4. Weekly operating rate of float glass

The operating rate of float glass companies this week was unchanged from last week. The weekly operating rate of float glass was 85.15%, a decrease of 0.00%.

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 1.2206 million tons, an increase of 0.900 tons or 0.74% from last week.