The overall trading atmosphere is weak and the spot market generally declines (6.27 Floating Glass Weekly Review)
1.Analysis of float glass market
Domestic 5mm float glass market prices generally fell this week. In terms of price, float glass prices in all regions of the country have fallen, with the decline concentrated at 20-50 yuan/ton. The performance of the North China market is average. Procurement in the middle and lower reaches of the region is relatively cautious. Manufacturers 'production and sales are low, which has a burden on the warehouse. Market sentiment has cooled and quotations have been lowered. Transactions in the Shahe area have been light. The price of float glass for 5mm plates has been lowered by 40-52 yuan/ton. The decline is obvious. The East China market has a strong wait-and-see attitude, with manufacturers mainly carrying out shipments and conducting promotional operations. The Central China market lowered the price by 50 yuan/ton to 1540 yuan/ton. Most of the South China markets were affected by rainfall, and shipments were weak, and the focus of market transactions shifted downward. In addition, some real estate policies continue to advance, but the overall sentiment in the glass market is weak, and manufacturers 'inventories are accumulating. It is expected that the spot market will continue to remain weak in the float glass market in the short term before positive factors emerge.
In terms of futures, the glass week remained mainly weak. Although the fundamentals of glass itself show signs of marginal benefits, weak reality still dominates the market, and the difficulty of effectively improving the demand side is still the main factor suppressing glass prices. Weak futures prices have formed a certain negative feedback on the spot market. The decline in speculative demand has led to a continued decline in glass production and sales and continued growth in inventories. In the short term, we can pay attention to whether new expected trading logic can emerge in the glass market to improve market sentiment.
2.Comparison of float glass market prices
3.Float glass inventory
this weekfloat glassFactory total inventory 6158.8Multi-weight box，last week5982.7Ten thousand heavy boxes, morelast weekAdd 1.761 million heavy boxes，The range was 2.94%, and the weekly inventory of float glass production plants rose for three consecutive weeks.
4.Weekly operating rate of float glass
this weekfloat glassThe weekly operating rate was 82.72%, and the month-on-month rate was-0.20%。Operating rates fell slightly。
5.Weekly float glass output
This week, domestic glass production lines totaled 30% after eliminating zombie production lines1Article, in whichProduction 249strip, float glassyield1.1883 million tons, 0.11% month-on-month and 3.18% year-on-year.
