Production and sales improved, market prices rose during the week (4.12 Weekly Review of Floating Glass)

Production and sales improved, market prices rose during the week (4.12 Weekly Review of Floating Glass)

1. Analysis of the float glass market

This week, float glass market prices increased during the week. Among them, float glass prices in Northeast, Southwest, East and North China were increased by 20-60 yuan/ton; float glass prices in Northwest, Central and South China were slightly reduced, with an adjustment range of 10-30 yuan/ton. The operating rate of individual production lines on the supply side declined slightly during the cold repair week, and the weekly output decreased by 9,000 tons. However, the overall supply side still remained relatively high. During the Qingming Festival holiday on the demand side, the trading atmosphere in the float glass market gradually improved and continued until the holiday. Manufacturers in some regions raised their prices for several consecutive days, and inventories fell during the week. Overall, the situation of strong supply and weak demand has eased. However, the current follow-up replenishment efforts in the middle and lower reaches have been relatively limited. It is necessary to observe whether the actual terminal capacity in the later period can push the market further upward.

In terms of futures, glass rebounded slightly during the week. During the Qingming Festival, glass production and sales in core areas rebounded sharply, and spot prices continued to rise, driving the atmosphere in the futures market to warm up. However, in terms of demand, the inventory flow between the middle and upper reaches is mainly dominated, and the actual terminal demand performance needs to be further verified. In the short term, midstream replenishment is coming to an end, and observe the terminal's ability to undertake.

2. Comparison of float glass market prices

3. Float glass inventory

The total inventory of float glass manufacturers this week was 60.374 million heavy boxes, compared with 65.192 million heavy boxes last week, a decrease of 4.818 million heavy boxes from last week, a range of-7.39%. The inventory of floating glass began to decline after the Qingming Festival.

4. Weekly operating rate of float glass

This week, the operating rate of float glass companies fell slightly from last week. The weekly operating rate of float glass was 84.40%, with a range of-0.61%.

5. Weekly float glass output

There were 304 float glass production lines this week, of which 256 were in production. The float glass output was 1.2238 million tons, a decrease of 9,000 tons from last week, or-0.73%.