On April 10,2019,China's glass composite index was 1090.98 points,up by -1.49 points from the previous month; China's glass price index was 1111.89 points, up by -1.65 points from the previous month; China's glass confidence index was 1007.35 points, up by -0.82 points from the previous month. Today, the overall trend of the glass spot market is general, the production company's outbound speed is maintained at the previous level, and the market confidence is insufficient. Yesterday, Fujian Xinfuxing production line was ignited, and at the same time, a pre-ignition production line of Anhui Province was produced. The recent rapid recovery of production capacity has caused an increase in supply pressure in some regions. From the perspective of terminal market demand, the ring increment is limited.
Since the beginning of the month, the pressure on the outflow of glass production enterprises has not diminished, and the market confidence has been weakened by a certain extent. The current order of glass processing enterprises is less than expected. From the perspective of product structure, foreign trade export orders are still acceptable; domestic construction decoration and decoration orders have a certain degree of decline compared with the same period of last year. The willingness of processing enterprises to purchase glass is not strong, and it is basically based on follow-up. Some northern manufacturers have insured downstream traders to the end of last month, and the sales policy has become more flexible to further increase the outbound and return funds. The effect is generally seen in the near future. In March, several production lines with cold repair and ignition were put into production later, which also aggravated the wait-and-see mood of the middle channel.
In the past two days, the situation of manufacturers in the Shahe area has improved, and the production and sales balance can be basically achieved in the current period, but the destocking pressure is still relatively large. After the previous price adjustment, the current glass price in the Shahe area is more obvious than the manufacturers in the surrounding areas. At the same time, the production enterprises also provide insurance prices, which increases the market confidence of traders. In the past two days, the number of glass sales in the Shahe area has increased to the surrounding markets, which has created certain pressure on surrounding manufacturers. Yesterday, Fujian Xinfuxing 1100 tons of ignition, while a production line in Anhui Wuhu Xinyi has been produced. The number of production lines in the later production lines is still relatively large. In May, the planned production line for ignition and resumption of production was 600 tons of Shanxi Lihu Licheng Second Line, 700 tons of Hebei Runan Second Line and 500 tons of Qinhuangdao Yaohua North Line, and Yunnan Yunxiang 500 Line.
The market outlook is expected: the contradiction between supply and demand will cause the overall spot price to be under pressure, and the overall inventory reduction of manufactures is more difficult. Although some northern regions have recently added a fixed sales policy, the results are not satisfactory. Adjacent manufacturers in East China and other regions have also taken certain countermeasures,In the short-term, the downstream consumer market is limited in increments, and the price pressure in some regions is too large.
