Analysis of the current status of the domestic float glass market this week
1) Float glass companies gave profits to reduce inventory, and prices dropped further: Float glass prices continued to fall this week.
2) In terms of demand, the float glass market demand is generally weak. As the weather turns colder, the demand for construction glass in the northern region gradually decreases. The rush for construction projects in the southern market supports the sales volume of float glass. Glass companies have a strong willingness to sell at a profit, and subsequent demand is expected to be maintained.
3) In terms of supply, the supply of float glass increased slightly this week. During the week, two new production lines were started and one was restructured. Glass companies offered profit for shipments, and the market price center of gravity shifted downwards. The inventories of float glass companies further decreased. This week, the inventories of float glass companies fell by 2.14% month-on-month.
In the short term, the demand for rush work in the southern region still exists, which will provide certain support for regional market demand; the high growth rate of real estate completion is expected to be maintained in the medium and long term, and float glass demand is expected to rise.
