SunSirs: The Price of China Glass Spot Market Fell and Rose in July

https://www.chemnet.com   Aug 01,2023 SunSirs

　　According to the Commodity Analysis System of SunSirs, the spot price of glass fell first and then rose this month, and the overall price increased. On July 1st, the average price of glass was 21.35 RMB/square meter, and at the end of July 28th, the average price was 21.73 RMB/square meter. During the month, the price increased by 1.78%.

　　In July, the spot price of glass first fell and then rose, leading to an overall price increase. In the first week of July, the market price was light, the overall industry production and sales situation was general, and the glass Spot market price was reduced. In the second week of July, the price of glass Spot market was relatively stable, and the market transaction was slightly better than last week. In the third week of July, the glass Spot market rose, the overall market confidence recovered, the demand of downstream processing enterprises improved, and the trading situation improved. In the fourth week of July, the spot price of glass fluctuated slightly, and downstream customers were more cautious in trading. As of now, the market quotation in the Shahe region is around 20.4 RMB/square meter to 21.7 RMB/square meter.

　　On July 7th, Guangzhou Fuming Glass Co., Ltd. produced 650 tons of glass. On July 14th, Taiwan Glass South China Glass Co., Ltd. produced 900 tons of glass on the second line. On July 16, the 950 ton Shanhai Pass first line of Yaohua Glass was ignited and put into production. On July 17th, 600 tons of glass were produced on Yibin Yaohua Second Line. On July 18th, Hubei Yijun Yaoneng New Materials Co., Ltd. ignited 600 tons of first-line fuel. On July 19th, HeRMB Banner Binglass ignited 600 tons of second line.

　　According to data released by the National Bureau of Statistics, the cumulative production of flat glass in China is 469.06 million weight boxes, a year-on-year decrease of 9.1%. In June, the production of flat glass reached 80.48 million weight boxes, a year-on-year decrease of 7.6%.

　　According to the prediction of SunSirs, the spot price of glass will first drop and then rise this month, and the overall price will rise. The trend of upstream soda ash continues to rise, with domestic liquefied natural gas prices decreasing and cost support still available. At present, downstream traders and processing enterprises have a moderate enthusiasm for purchasing goods, and are more cautious in watching and purchasing according to demand. Confidence in the terminal real estate market has improved. It is expected that the glass Spot market will be consolidated and operated temporarily in the short term.

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