China's domestic glass prices have risen sharply recently. Since the end of March this year, the price of glass has risen by about 30%, reaching about 20 yuan per square meter. At the same time, glass futures rose more than 40%, and in August it hit its highest level since the listing.
During the outbreak of Xinguan pneumonia, glass stocks were high, raw materials transportation was limited, and several glass production lines were coldly repaired. Since the first half of 2020, 3 new production lines have been added, 8 production lines have been cold-repaired, and a total of 45 million heavy boxes have been restored, 16 production lines have been added for cold repair, and 65.28 million heavy boxes have been reduced in production capacity. The total capacity decreased by 20.28 million heavy boxes in the first half of the year. Reduced capacity has played a crucial role in the bottom rebound in spot glass prices, boosting market confidence among producers and traders and processors, and stimulating downstream buying enthusiasm.
Due to the glass factory price adjustment very fast, coupled with the immediate peak season of glass demand, downstream dealers are beginning to stock up, dealers are hoarding 4000 tons of various sizes and thin glass panels. Since the market has demand, the manufacturers price increase is also a natural thing, glass manufacturers' mentality is also the same. The current market will show such a situation: in the peak season, driven by the increase in corporate confidence in price increases. According to market demand, manufacturers in accordance with market conditions, after the continuous decline in inventory prices.
It is understood that on August 3, China's glass composite index 1148.11 points, up 8.77 points month-on-month. From the production and marketing situation, China's large-scale rainfall has not had much impact on the factory library to the library, the major major production areas sales situation is still better. Spot price increase sentiment rekindled, a number of manufacturers raised prices, in addition to southern China, the rest of the region's original prices have exceeded the same period last year.
With the approaching of the traditional demand season, the rate and magnitude of the price increase of production enterprises have accelerated significantly, warming up the market for the late peak season. Traders and processors have also increased their stocking speed sing-up slowly with a view to having sufficient glass use during high season.
