The hottest month in July reported that the dragon

2022-08-11
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Monthly report in July: long weiche points to the West Sea, and he drives to see Beiming

on July 31, 2020, China glass composite index was 1139.34 points, up 67.21 points month on month and 47.21 points year on year; The China glass price index was 1174.64 points, up 75.73 points month on month and 60.47 points year on year; China Glass confidence index was 998.15 points, up 33.13 points month on month, up -5.84 points year on year. The overall trend of the glass spot market this month was acceptable, the delivery of production enterprises remained at a good level, and the market sentiment improved month on month. Although the production enterprises in some areas were affected by floods and other factors in the early stage, road transportation was limited, and it has improved in the later stage. On the whole, domestic real estate building decoration orders have recovered to the same period last year, and foreign trade export orders have also improved to a certain extent compared with the previous period. After the inventory of manufacturing enterprises continued to improve, the market quotation also rose better. However, it is worth noting that in June and July, the number of re production and ignition of glass production lines also increased

at the end of July, the average price of white glass for construction nationwide was 1610 yuan, up 103 yuan month on month and 83 yuan year on year. The utilization rate of glass production capacity at the end of the month was 68.507%; Up 1.13% month on month, up -0.63% year on year; After excluding zombie capacity, the utilization rate of glass capacity was 81.13%, up 1.13% month on month and -1.24% year on year. The production capacity of glass in production was 933.42 million heavy containers, an increase of 17.4 million heavy containers month on month and 10.92 million heavy containers year on year. At the end of the month, the industrial inventory was 46.42 million heavy containers, an increase of -2.41 million heavy containers month on month and 5.91 million heavy containers year on year. The inventory days at the end of the month were 18.15 days, an increase of -1.31 days month on month, and an increase of 2.12 days year on year

at the macro level, the US Federal Reserve Board announced on the 29th that it would maintain the target range of the federal funds rate between zero and 0.25%, in line with market expectations. The Federal Reserve also reiterated that the outlook for the U.S. economy will largely depend on the development of COVID-19. The Federal Reserve issued a statement after the two-day monetary policy meeting that day, saying that in recent months, economic activity and employment in the United States have rebounded after experiencing a sharp decline, but they are still far below the level at the beginning of the year. At the same time, weak demand and a sharp fall in oil prices have inhibited the rise in consumer prices. In the future, economic development will largely depend on the development of the epidemic. The persistent public health crisis will seriously affect economic activities, employment and inflation in the short term, and pose considerable risks to the economic outlook in the medium term

from the regional perspective, the market prices in all regions have increased to a certain extent, and the regions with relatively large month on month increases are South China and southwest China; East China, central China and North China were the second largest gainers; Due to the sluggish demand in the terminal market and the increase of production capacity, the growth rate in Northwest China is not large

in terms of production capacity, 500 tons of Xinyi Beihai third line was newly built this month. Boosted by the rising transportation costs and the limited production of environmental treatment, Taibo Chengdu has 700 tons on the first line, 1300 tons on the Shahe Yingxin line, 700 tons on the Jiangxi Hongyu line, 900 tons on the Xinyi Jiangsu line, and 600 tons on the Humen Xinyi third line. The fourth line of Zhangzhou Qibin is 800 tons, and the second line of Tangshan Lanxin is 500 tons cold repair and shutdown

East China:

the overall trend of the glass spot market in East China this month is acceptable, the production enterprises can maintain the level of continuing to reduce inventory, and the market transaction price has also increased to a certain extent. On the whole, although part of the time, affected by rainfall and other factors in eastern China, the ex warehouse ratio of production enterprises has slowed down slightly. After the rainfall, the British government has basically been able to stop the use of these products for ex warehouse compensation, and can maintain a good ex warehouse level. At present, domestic buildings shall not be damaged and decoration orders shall be kept clean (it is best to clean after completing the experiment every time); The sliding surface between the inlaid steel plate and the lining plate and the dovetail groove surface on the lining plate should be kept clean, which has basically returned to the level of the same period last year, and some areas have increased slightly. Foreign trade export orders have also improved to a certain extent month on month, increasing the demand of the end market. It is expected that in the later period, with the arrival of the traditional peak sales season, the glass consumption demand is expected to further increase

South China:

the overall trend of the glass spot market in South China this month is better than expected. The inventory reduction of manufacturers is more than that of other regions, and the inventory reduction of some manufacturers is relatively large year-on-year. On the whole, the demand of the terminal market has improved month on month. At the same time, the entry volume of overseas glass and foreign glass has also decreased to a certain extent, which helps to increase the outbound volume and price rise of local production enterprises. In the early stage, the delivery of production enterprises in Central China slowed down slightly due to rainfall and other factors. There were many month on month improvements in the later period. At the same time, the prices of production enterprises have also increased to a certain extent. It is expected that there will be better performance in the later period

North China:

the warehouse out situation of glass production enterprises in North China this month is OK, the inventory of production enterprises continues to be reduced slightly, and the increase rate of market transaction price is basically the same as that in East China. After the concentrated reduction of production capacity in Shahe area in the early stage, the contradiction between supply and demand in the local and surrounding areas has been better improved, the prices of production enterprises have maintained a steady upward trend, and the inventories of traders have also been greatly improved. At the same time, the recent lack of high temperature weather in northern China also helps to increase the consumption demand for glass spot goods, and the processing enterprises deliver orders faster. Recently, the production capacity in North China continues to be reduced, and the spot price is mainly strong

Southwest China:

the overall trend of the glass spot market in Southwest China this month is good, the quotation of manufacturers rises actively, and the inventory reduction is normal

Northeast China:

the overall trend of the glass spot market in Northeast China this month is good, the de stocking speed of production enterprises is fast, and more glass is sold to the nearby Beijing Tianjin Hebei region

Northwest China:

the overall trend of the glass spot market in Northwest China this month is general, and the local production capacity has increased more, posing a certain pressure on the spot price

future overview:

according to the data released by the National Bureau of statistics, the output of flat glass in June was 79.16 million heavy boxes, an increase of -3.9% year-on-year; In January, the cumulative output of flat glass was 46.184 million heavy boxes, an increase of -0.4% year-on-year. In the first half of the year, the operating revenue of flat glass was 38.1 billion yuan, an increase of 0.8% year-on-year; The profit was 4.8 billion yuan, a year-on-year increase of 2.8%. The glass spot market continued to improve this month, and the end market demand basically recovered year-on-year, increasing the market confidence of manufacturers and downstream enterprises. With the advent of the traditional peak season, the demand of the terminal market will also increase, which will help to improve the contradiction between supply and demand of spot goods and increase the driving force for the rise of spot prices. The traditional peak season of "golden nine and silver ten" can be expected, and the economic benefits of enterprises will also be further improved

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