The mentality of the middle and lower reaches has been improved, and the factory is in good condition for removing warehouses (6.6 Weekly Review of Floating Glass)
1. Analysis of the float glass market
China's 5mm float glass market prices were mixed this week. The trading atmosphere in the North China market has cooled down compared with last week, with the market price lowered by 10 yuan/ton to 1610 yuan/ton; the market price of 5mm small plates in Shahe area increased slightly; the price in the East China market increased by 10 yuan/ton to 1730 yuan/ton; The price of float glass in the Central China market has risen well, and manufacturers have gone to the warehouse well; the downstream purchase of the South China market is mainly in need of procurement, and the market performance is still acceptable; prices in the northwest and southwest regions have been lowered. During the week, the favorable macro and energy consumption policies cooled down, but the market's macro sentiment was somewhat repetitive. Coupled with the continued removal of float glass manufacturers 'inventories, the fundamental expectations of the float glass market showed marginal changes, and the mentality of the middle and lower reaches improved.
In terms of futures, glass remained high during the week and was dominated by wide fluctuations. Although the improvement in actual building terminal demand has been limited in the near future, there is still room for improvement in policy support for glass demand expectations. With policy support, recent second-hand housing transactions have been more sustainable, and the demand for glass home decoration has further performed. The pressure on inventory in the superimposed glass factory is not large, and the supply side continues to decline, showing a marginal gain. In the short term, the fundamentals of glass itself are expected to improve marginally and the absolute price is not high, and the space below the plate is relatively limited. Follow up or maintain high shocks and wait for new market trading points.
2. Comparison of float glass market prices
3. Float glass inventory
The total inventory of float glass manufacturers this week was 58.053 million heavy boxes, compared with 59.319 million heavy boxes last week, a decrease of 1.266 million heavy boxes from last week, a range of-2.13%. The weekly inventory of float glass manufacturers continued to decline during the week.
4. Weekly operating rate of float glass
This week, the weekly operating rate of float glass was 83.69%, a month-on-month rate of 0.24%. The overall operating rate increased slightly.
5. Weekly float glass output
This week, China's glass production lines totaled 303 after eliminating zombie production lines, of which 253 were in production. Float glass output was 1.2017 million tons, or-0.16% month-on-month. Production fell slightly during the week.
