Recently, the overall confidence in the glass spot market has been improving, and the inventory of enterprises has dropped rapidly. In terms of regions, the overall transaction in Shahe, North China was relatively good, and downstream and traders were more active in acquiring goods.
Manufacturers’ inventories and traders’ inventories both decreased, and the spot market price of glass increased. The market transactions in East China are in good condition, the production and sales of manufacturers are good, the inventory continues to decline, the downstream processing enterprises are actively replenishing goods, and the glass market price is raised. The overall production and sales in central China are good, the market price is raised, and the glass market price in South China is rising.
The production and sales are in good condition. The production and sales in the southwest region are good, and the downstream processing enterprises are actively replenishing goods, and the inventory has dropped. The glass market in Northwest China is still good, and the inventory of enterprises continues to decline slightly. The market trend in the Northeast region is good, and the downstream replenishment purchases, and the inventory continues to decline.
According to industry statistics, as of April 20, the total inventory of float glass sample enterprises nationwide was 50.309 million heavy boxes, a month-on-month decrease of more than 14%, and a year-on-year decrease of 26.5%. Days of inventory fell 3.7 days to 22.1
In terms of soda ash, the average price of domestic light soda ash was 2,700 yuan/ton at the beginning of the week and 2,680 yuan/ton at the weekend, and the price fell by 0.74% during the week.
This week, the domestic soda ash price is weak, and the overall operation remains stable. The downstream glass demand is average, and the wait-and-see mood is strong.
In terms of liquefied natural gas, the average price of liquefied natural gas was 4,206 yuan/ton at the beginning of the week and 4,694 yuan/ton at the weekend, and the price rose by 11.6% during the week， the domestic liquefied natural gas market has been improving recently, and the demand for downstream stocking has continued to increase.
The price of raw material gas has been raised, and the support on the cost side is positive, and the industry has a strong bullish atmosphere. It is expected that domestic LNG prices will continue to rise in the short term.
Outlook
The main raw materials for glass production include silica sand, soda ash, natural gas and other fossil energy sources. On the whole, the price of upstream liquefied natural gas has risen, and the cost support is strong.
With the arrival of the peak season and the arrival of the second batch of guaranteed delivery funds, the demand for glass has continued to improve recently. Orders of glass downstream deep-processing enterprises have increased seasonally, downstream processing plants are actively replenishing goods, the overall market confidence continues to improve, and glass prices have steadily increased. We predict that the glass spot market will be relatively strong in the short term, and the focus of transactions will be upward.