As one of the main building varieties, the real estate market accounts for more than 75% of its demand, mainly architectural glass and decorative glass, door and window architectural glass, and glass is mainly in the later stage of housing construction. The peak season is mainly concentrated in the third quarter.
The seasonality of glass can be summarized as follows: In the first quarter, affected by the factors of winter and the Spring Festival, the demand reached the low point of the whole year, the number of production line maintenance was large, and the output was small; in the second quarter, as the weather warmed, the operating rate of the downstream processing industry rebounded, demand is gradually recovering; the third quarter is the peak of construction and decoration industry, the demand has entered the peak season of the year, and the supply is also the highest in the year;
After statistics, the month with a higher probability of glass rising in September, followed by August, again by May and October, and the month with a higher probability of falling in January, followed by February and April.
The production and sales of glass in the peak season were lower than expected, and the accumulation of high-level warehouses continued. In some areas, due to special factors, transportation was not smooth. In addition, the market demand performance was average, and the transactions were mostly in a tepid state. The inventory in Hebei and Hubei increased significantly.
At present, glass is still suppressed by high inventory and weak demand. The fundamentals are expected to be weak and difficult to change in the short term. It is expected that glass will mainly run at a low level and fluctuate. In the medium and long term, we need to pay attention to the recovery of the real estate side. At the same time, it is necessary to pay attention to risk factors such as the implementation of the real estate policy exceeding expectations and the increase in the centralized cold repair of glass production lines.
