The spot market is difficult to change due to its lack of self-driving (7.18 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 30-76 yuan/ton. Prices in the North China market have dropped significantly. The supply of resources in Shahe, Beijing-Tianjin-Tangshan region is sufficient. Manufacturers generally cut prices and promote sales, but weak demand has led to an increase in inventory pressure; some areas in Central China have been affected by rainfall, but the shipping effect is still poor; Prices in East China and South China have declined, and downstream enthusiasm for getting goods is low, mainly just demand; prices in Southwest China have dropped relatively small, and on-site transaction policies are relatively flexible. During the week, some float glass manufacturers ignited, and market supply will further increase, while the demand side continues to weaken, and the problem of insufficient terminal orders still exists; the current price loss is obvious, and companies are unwilling to hold prices. Profit difficulties remain before substantial improvement.

In terms of futures, the overall glass price this week remained mainly weak and volatile, and it has not yet shown a significant drive. It mainly fluctuates within a narrow range following the market environment. In the short term, it is difficult to effectively improve its own weak reality. The main game point in the market is the problem of clearing production capacity after falling below cost, and whether it can provide certain policy guidance that exceeds expectations in the future. Before that, the glass market may still be optimistic.

2.Comparison of float glass market prices

3.Float glass inventory

this weekfloat glassFactory total inventory65.136 million heavy boxes，Last week, 63.583 million heavy boxes, compared withlast weekAdd 1.553 million heavy boxes，The range was 2.44%, and the weekly inventory of float glass production plants rose for six consecutive weeks.

4.Weekly operating rate of float glass

this weekfloat glassWeekly operating rate is83.01%, month-on-month 0.29%。Operating rates increased from last week。

5.Weekly float glass output

This week, domestic glass production lines totaled 30% after eliminating zombie production lines1Article, in whichProduction 251strip, float glassThe output was 1.1923 million tons, which was flat month-on-month and 1.46% year-on-year.