Market operation is weak and prices are hovering at low levels (8.1 Float Glass Weekly Review)

1.Analysis of float glass market

This week, the domestic 5mm float glass market was mainly adjusted slightly, with the downward adjustment concentrated at 8-30 yuan/ton. Specifically speaking, production and sales in the North China market are weak, the efforts to accumulate funds have increased, and the enthusiasm for downstream procurement is low. The Shahe region flexibly adjusts quotations and actively ships; Central and Northwest regions continue to be weak during the week, and there are insufficient deep processing orders, and market trading sentiment is weak; production and sales in some areas of South China have improved, with the middle and lower reaches mainly purchasing just needed, but the overall shipment situation is average. During the week, some manufacturers had cold repairs to their production lines, and the operating rate decreased slightly; downstream demand performed poorly, and most glass manufacturers continued to accumulate inventories and promoted them at low prices, but the effect was mediocre; recently, spot market prices have stopped falling and stabilized, which has provided support to subsequent companies. The willingness to price is slightly supported, and specific attention needs to be paid to the market situation.

In terms of futures, glass futures prices fluctuated mainly during the week as the market environment remained low. Given that the current price has fallen below the cost line, the momentum for the market to continue to press down has slowed down. However, it is indeed difficult to see the driving force of a significant improvement in the fundamentals of the glass itself. As the main contract is changed to a month and the peak season is approaching, capital behavior and market sentiment Stabilize or temporarily provide some support, and maintain a low and volatile pattern in the short term and wait for the peak season to give actual driving.

2.Comparison of float glass market prices

3.Float glass inventory

this weekfloat glassFactory total inventory 6909Multi-weight box，Last week, 67.091 million heavy boxes, compared withlast weekAdd 1.999 million heavy boxes，The range is 2.98%; total inventories continue to accelerate accumulation, and the pressure of destocking is prominent.

4.Weekly operating rate of float glass

this weekfloat glassWeekly operating rate is83.29%, month-on-month-0.10%。Operating rates are lower than last week。

5.Weekly float glass output

This week, domestic glass production lines totaled 30% after eliminating zombie production lines1Article, in whichProduction 250strip, float glassProduction 119.11Ten thousand tons, month-on-monthDown 0.1%, year-on-year2.24%。