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Demand improved month-on-month and market sentiment improved!

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  • Time of issue:2020-08-20 10:49
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Demand improved month-on-month and market sentiment improved!

  • Categories: news
  • Author:
  • Origin:
  • Time of issue:2020-08-20 10:49
  • Views:
Information

  From a regional perspective, the spot price in Central China has been recovering faster recently, mainly due to the impact of rainfall in the Yangtze River Basin in the early stage, and the price did not follow other regions, which is a supplementary increase; South and East China also performed well. Prices in areas such as North China and Northeast China have risen steadily, with a fair range.

  In terms of production capacity, this week, Hubei Sanxia New Building Materials Co., Ltd. released 700 tons of water for cold repair. The 600-ton cold repair of Flat Jiaxing Line 2 has been completed and ignited. The repair of the second line of Anhui Lanshi's furnace has been completed, and the ignition conditions are available in the middle and late ten days. The trends in each region are as follows:

  Huadong Region:

   The overall trend of the glass spot market in East China this week was acceptable. The inventory of manufacturers continued to decrease, and the market was active. As the weather improves, factors such as high temperature and rainfall that affect glass consumption are weakening, and the end market demand is showing signs of increase. Looking at the order situation of downstream processing enterprises, it is generally more than one month and the order is full, which basically exceeds the level of the same period last year. Under the effect of increasing demand in the terminal market, the output of various production enterprises has also increased to a certain extent. In terms of spot prices, various companies performed well and continued to maintain a steady and rising pattern. Under the effect of increasing demand, the number of glass from other cities entering the East China market has not changed significantly, and it is mainly supplied to the local market.

  South China area:

   The overall trend of the glass spot market in South China this week was fair, with production enterprises maintaining a normal level of shipments, and market transactions were active. With the control of the epidemic in some overseas regions, foreign trade exports have also improved to a certain extent compared with the previous month, and local construction decoration orders have also increased to a certain extent. The number of foreign glass entering the South China market has also been slightly reduced compared with the previous period, which constitutes a certain support for the prices of local manufacturers. Recently, spot shipments from Central China have increased month-on-month, and the number of ships from the Yangtze River to surrounding markets has returned to a normal level. Spot prices have risen recently and have followed up with the previous price adjustments in other regions.

  North China area:

   The overall trend of the glass spot market in North China this week was stable and increased. The market transactions were good, and some manufacturers' inventories were reduced. With the increase in spot prices in other regions, the number of export sales of some manufacturers to surrounding areas has increased. At the same time, the recent weather in the northern region is fair, which is conducive to the delivery and installation of orders for glass processing enterprises. At present, the orders of glass processing enterprises have increased steadily from the previous month. The orders of domestic construction decoration are the main ones, and the foreign trade export orders have not changed much. The export orders of some color glass manufacturers were mediocre. It is expected that with the increase in terminal market demand, manufacturers' inventories in North China will continue to be reduced.

  Southwest Region:

   The overall trend of the glass spot market in the southwestern region this week was acceptable. The stocks of manufacturers have improved, and the market price has risen moderately.

  North-east area:

   This week, the glass spot market in the Northeast region saw a steady rise in transactions, and orders from local processing companies increased month-on-month. Generally speaking, the peak season of the Northeast market starts earlier than other regions.

  North-west region:

   This week, the overall transaction in the Northwestern region's glass spot market increased slightly from the previous month. Manufacturers took the initiative to boost prices, and the market responded generally.

   Outlook overview:

   Since the beginning of this month, the glass spot market transactions have improved from the previous month, and manufacturers’ inventories have continued to decrease. On the one hand, the recent weather conditions have helped glass processing companies to deliver and install. On the other hand, real estate companies’ orders for glass processing companies have also increased month-on-month. Recently, there have been slight adjustments to the increase and decrease of production capacity in the glass industry. One production line in Central China was suspended and one production line in East China resumed. Judging from the recent market sentiment, it is basically in line with the trend of the traditional peak sales season. The rate of increase in market confidence this week exceeded the level of the same period last year, which also reflects the attitude of the industry's upstream and downstream industry chains to the end market demand in the later period. At the same time, the month-on-month increase in demand also provides certain support to spot prices.

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