According to the monitoring of SunSirs, the price of glass was slightly adjusted last week. The average price of glass at the beginning of last week was 24.05 yuan/㎡, and that of last week was 24.02 yuan/㎡. During the week, the price fell 0.12%.
Last week, glass was in the traditional off-season, and glass prices were adjusted sporadically. In terms of different regions, Shahe in North China has recently improved its warehouse out situation, and the quotations of some manufacturers have been increased by about 0.5 yuan/㎡. The overall trend of the market in East China is general, and the price is basically unchanged. The prices of glass manufacturers in South and central China decreased by about 0.2-0.5 yuan/㎡, in order to increase the delivery speed of local enterprises. The overall trend of glass spot market in southwest, northeast and Northwest China was weak, and the manufacturers maintained the original quotation.
According to industry association data, on February 5, 2021, the utilization rate of glass production capacity was 71.11%, up -0.26% from the previous week and 2.42% from last year; after eliminating excess capacity, the utilization rate of glass production capacity was 84.37%, up -0.31% from last week and 2.81% from last year. The production capacity of glass in production was 983.22 million heavy boxes, an increase of - 3.6 million heavy boxes compared with last week, and an increase of 55.5 million heavy boxes compared with last year. On February 5, 2021, the industry's inventory was 31.07 million heavy boxes, an increase of 1.72 million heavy boxes on a month on month basis, and an increase of -11.98 million heavy boxes on a year-on-year basis. The weekend inventory days were 11.53 days, an increase of 0.68 days compared with the previous week, and a year-on-year increase of -5.40 days.
According to the prediction of SunSirs, the price of glass tends to be stable last week, and some manufacturers adjust sporadically. In the upstream, the price of soda ash and petroleum coke are in an upward trend, while the price of LNG was down. Most of the downstream processing enterprises and traders began to stop work for holidays. In short term, China glass market is mainly stable.
