The imbalance between supply and demand exacerbates the general decline in spot prices (July 11 Float Glass Weekly Review)

1.Analysis of float glass market

This week, the overall weakness of the domestic 5mm float glass market declined, with the adjustment range concentrated at 20-100 yuan/ton. South China has the largest decline. The supply of resources in the region is sufficient and shipments are blocked due to the rainy season. Manufacturers generally cut prices and promote sales, and inventories have increased; the North China market has lowered quotations many times, and downstream enthusiasm for getting goods is low, and the transaction atmosphere is light; Central China has lowered prices to ensure shipments, but the effect is not good; floating glass prices in southwest and northwest regions have dropped relatively little, and on-site transaction policies are relatively flexible. Overall, float glass manufacturers started to operate stably, and the market supply side remained relatively high; downstream procurement was more cautious, and the demand side had not yet been effectively restored, and the contradiction between supply and demand further intensified; the spot market still lacked its own driving force and maintained a weak operation.

In terms of futures, glass prices continued to decline mainly. The improvement in demand on the real side of glass is limited, and the policy side has not given a strong driving force. The cumulative cost center of gravity has shifted downward and prices continue to be weak. The spot market also continued negative feedback, production and sales continued to be weak, and quotations continued to decline. In the short term, glass expects policy guidance during next week's important meeting and whether it will give opportunities for speculative demand to intervene after the price goes down to form a phased positive feedback market again. Before that, the glass market may remain mainly weak.

2.Comparison of float glass market prices

3.Float glass inventory

this weekfloat glassThe manufacturer's total inventory is 6358.3Multi-weight box，last week6248.1Ten thousand heavy boxes, morelast weekAdd 1.102 million heavy boxes，The range was 1.76%, and the weekly inventory of float glass production plants rose for five consecutive weeks.

4.Weekly operating rate of float glass

this weekfloat glassThe weekly operating rate was 82.72%, and the month-on-month rate was 0.00%。Operating rates were unchanged from last week。

5.Weekly float glass output

This week, domestic glass production lines totaled 30% after eliminating zombie production lines1Article, in whichProduction 249strip, float glassyield1.1923 million tons, flat month-on-month and 2.17% year-on-year.