Supply and demand improvement limited market performance mixed (8.8 Float Glass Weekly Review)

Supply and demand improvement limited market performance mixed (8.8 Float Glass Weekly Review)

1.Analysis of float glass market

This week, the domestic 5mm float glass market is still mainly adjusted in a narrow range. Specifically, the production and sales performance of various districts is mixed. Among them, the transaction atmosphere in Northeast China is still good and prices have increased, while the focus of transactions in East China has shifted downward, and manufacturers 'quotations have become loose; prices in Northern Region China have mixed ups and downs, with the Beijing-Tianjin-Tangshan region trading better. However, production and sales in Shahe region have declined, and they are more inclined to flexibly adjust quotation promotions. During the week, the supply side adjustment was small, with slight fluctuations in start-up. There are still plans to release water for individual production lines next week; downstream procurement is mainly in need, and transactions in the area have picked up. The overall inventory de-transformation is obvious, which will drive shipments; overall The supply and demand situation in the spot market has not changed much, and most of the company's quotations are based on stability; follow-up attention will be paid to whether there is good news in the market to stimulate the release of demand.

In terms of futures, glass prices were mainly weak during the week. There has been no major change in the fundamentals of the market, as the emotional rebound in last week's market has driven spot production and sales in some regions to a certain extent. However, given the pressure on terminal demand, the sustainability of the rebound in production and sales is relatively limited, and it is difficult to maintain price support. Follow-up focus still needs to be observed whether terminal demand can be repaired month-on-month in the peak season.

2.Comparison of float glass market prices

3.Float glass inventory

this weekfloat glassFactory total inventory 67.356 million heavy boxes，last week6909Ten thousand heavy boxes, morelast weekReduction of 1.734 million heavy boxes，The range was-2.51%; during the week, the production and sales of some glass manufacturers improved, and inventories fell.

4.Weekly operating rate of float glass

this weekfloat glassWeekly operating rate is83.01%, month-on-month-0.28%。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 249strip, float glassOutput 118.75Ten thousand tons, month-on-monthDecrease 0.30%，Production fell slightly during the week。