Demand has not improved and inventories have been accumulated continuously (7.25 Float Glass Weekly Review)

1.Analysis of float glass market

This week, the domestic 5mm float glass market continued to show a weak downward trend, with prices generally falling in various regions, with the adjustment range concentrated at 16-70 yuan/ton. Specifically, trading in South China is generally compounded by the impact of typhoon weather, which has hindered shipments; the decline is the most obvious in the Northeast, with orders for deep processing in the region decreasing and inventories increasing; the focus of transactions in the East and North China markets continues to decline, and downstream procurement enthusiasm is low, and many places flexibly adjust quotations to promote shipments; production and sales in the Southwest have improved. Under the market's operation of transferring profits, low-cost purchases are relatively good. Demand in the downstream real estate industry remained weak during the week, float glass sales fell, inventories continued to accumulate, and glass inventories were digested slowly; under the supply and demand game in the spot market, it is expected that there will be no significant signs of recovery in the short term.

In terms of futures, glass futures prices continued to be weak during the week, but there was some valuation support after the price fell to the previous low. However, given that it is still difficult for the glass industry to see a significant improvement in demand in the short term, it is difficult to form a strong driver for prices, the fundamentals of market transactions are weak and the logic has not changed, and the market environment may still remain weak and volatile.

2.Comparison of float glass market prices

3.Float glass inventory

this weekfloat glassFactory total inventory67.091 million heavy boxes，Last week, 65.136 million heavy boxes, compared withlast weekAdd 1.955 million heavy boxes，The range was 3.00%, and the weekly inventory of float glass production plants rose for seven consecutive weeks.

4.Weekly operating rate of float glass

this weekfloat glassWeekly operating rate is83.39%, month-on-month 0.38%。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, flat month-on-month and 1.1% year-on-year.64%。