Demand is not strong, the country's general price declines According to data from China Glass Information Network, in mid-July, the demand for float glass in the country was weak and inventory pressure increased. The rising area has 0; the falling area has 9: Shanghai (-1.73 yuan/weight box, -2.05%), Xi'an (-1.1 yuan/weight box, -1.3%), Wuhan (-0.98 yuan/weight box, - 1.17%), Beijing (-0.85 yuan/weight box, -0.89%), Chengdu (-0.61 yuan/weight box, -0.72%), Shenyang (-0.7 yuan/weight box, -0.57%), Guangzhou (-0.41 Yuan/weight box, -0.49%), Henan (-0.45 yuan/weight box, -0.45%), Qinhuangdao (-0.27 yuan/weight box, -0.22%). East China experienced the largest drop, with a drop of -2.05%. In the first two decades, the company increased prices through synergies. As demand remained weak and there was price pressure from outsiders, the price increase was not supported, shipments were very sluggish, and stocks rebounded quickly; Central and South China Demand in the northwestern region was weak, market confidence was weaker, and prices fell slightly; the relatively better prices in Northeast China, though falling, were smaller.
Float glass stocks hit a record high this year. In mid-July, the total inventory of 253 float glass production lines in the country continued to rise. It increased 1.99 million weight boxes from the beginning of July, reaching a high level of 21.77 million weight boxes. The inventory level reached the highest level this year, with a year-on-year increase of 35.84% and a 38% increase from the previous period.
In mid-July, the price of soda ash did not change much. Shandong Haihua maintained the price of heavy soda ash at 2,300 yuan/ton on July 21; Hubei Shuanghuan ex-factory price was 2,100 yuan/ton, and Tangshan Sanyou ex-factory price remained at 2,300 yuan/ton. The recent price of heavy soda ash has changed little.
Maintaining the “Neutral†rating of the industry Within the ten days after the price stopped falling, it retreated again. However, the rate of price decline was modest. The main reason for the decline was still weak demand and rapid increase in inventory. As a whole, this year's demand has not yet existed. Released, in addition to the new production line in the second half of the year, even if the elimination of backward capacity of 29 million weight boxes in the second half, but the glass industry will not significantly improve the pattern in the short term, maintaining the industry "neutral" rating.
In general, glass demand will be better in the second half of the year than in the first half of the year. We will continue to focus on changes in demand and supply. We recommend focusing on the leading players in the glass industry and leading companies with the advantages of glass deep processing. We still recommend focusing on: CSG A, Jinjing Technology.
Float glass stocks hit a record high this year. In mid-July, the total inventory of 253 float glass production lines in the country continued to rise. It increased 1.99 million weight boxes from the beginning of July, reaching a high level of 21.77 million weight boxes. The inventory level reached the highest level this year, with a year-on-year increase of 35.84% and a 38% increase from the previous period.
In mid-July, the price of soda ash did not change much. Shandong Haihua maintained the price of heavy soda ash at 2,300 yuan/ton on July 21; Hubei Shuanghuan ex-factory price was 2,100 yuan/ton, and Tangshan Sanyou ex-factory price remained at 2,300 yuan/ton. The recent price of heavy soda ash has changed little.
Maintaining the “Neutral†rating of the industry Within the ten days after the price stopped falling, it retreated again. However, the rate of price decline was modest. The main reason for the decline was still weak demand and rapid increase in inventory. As a whole, this year's demand has not yet existed. Released, in addition to the new production line in the second half of the year, even if the elimination of backward capacity of 29 million weight boxes in the second half, but the glass industry will not significantly improve the pattern in the short term, maintaining the industry "neutral" rating.
In general, glass demand will be better in the second half of the year than in the first half of the year. We will continue to focus on changes in demand and supply. We recommend focusing on the leading players in the glass industry and leading companies with the advantages of glass deep processing. We still recommend focusing on: CSG A, Jinjing Technology.
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