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With the peak demand season approaching, why is the glass futures market adjusting downwards?

On August 19, the glass futures market entered a deep correction, falling 2.62%. This is traditionally the peak season for glass demand. He Hangying, a metal analyst at Nan Hua Futures, said that due to the recent escalation of epidemic prevention and control measures, transportation has been restricted in many places, and the operating rate of downstream companies has also been affected, resulting in a significant slowdown in glass manufacturers' delivery. Wei Chaoming, a glass researcher at Founder Futures, believes that in recent years, downstream glass consumption has encountered various unfavorable factors, such as high-priced electricity, heavy rains in many parts of the country, and the epidemic, which have created temporary obstacles to glass circulation, transportation, and end-user consumption. Data shows that as of this week, the inventory of glass producing enterprises

2021

09-07

Flat glass increased by nearly 28%, the highest in recent years, and profits from architectural technical glass increased significantly.

In the first half of this year, driven by the rapid recovery of market demand in sectors such as photovoltaic cells, real estate, automobiles, computers, and communications, the architectural technical glass industry continued its strong performance from the previous year, with its major economic indicators significantly improving. Data from the National Bureau of Statistics shows that in the first half of the year, the national output of flat glass above designated size reached 510 million weight boxes, a year-on-year increase of 10.8%; the output of tempered glass, laminated glass, and insulated glass reached 430 million square meters, a year-on-year increase of 22.4%. At the same time, the operating revenue of architectural technology glass enterprises above designated size reached 182.48 billion yuan, a year-on-year increase of 37.7%, and the total profit reached 269 (unit unspecified).

2021

08-30

Flat glass increased by nearly 28%, the highest in recent years, and profits from architectural technical glass increased significantly.

In the first half of this year, driven by the rapid recovery of market demand in sectors such as photovoltaic cells, real estate, automobiles, computers, and communications, the architectural technical glass industry continued its strong performance from the previous year, with its major economic indicators significantly improving. Data from the National Bureau of Statistics shows that in the first half of the year, the national output of flat glass above designated size reached 510 million weight boxes, a year-on-year increase of 10.8%; the output of tempered glass, laminated glass, and insulated glass reached 430 million square meters, a year-on-year increase of 22.4%. At the same time, the operating revenue of architectural technology glass enterprises above designated size reached 182.48 billion yuan, a year-on-year increase of 37.7%, and the total profit reached 269 (unit unspecified).

2021

08-30

Downstream demand is slowing, and glass prices will remain volatile in the short term.

In early July, during a glass inspection in Hebei, the price of glass futures was around 2700. Nearly two months later, the price of glass returned to 2700. Unsurprisingly, the price of the futures market is unpredictable, with both rises and falls. In the inventory survey of deep-processed glass enterprises, most glass enterprises and traders focused on the consumption situation on July 1st. If July gradually improves, consumption will not be too bad when the traditional peak consumption season arrives in September. However, the strong glass price did not last until August, mainly because macroeconomic policy factors such as the epidemic were not conducive to the consumption of bulk commodities, and the slowdown in downstream real estate growth affected the demand for glass.

2021

08-30

Glass futures contracts for distant months have risen sharply.

On August 23, the distant-month contracts of glass futures saw a significant rebound, with the main contract surging 4.37% to 2772 yuan/ton, while the 2109 contract saw a slight increase. It is understood that in late July, many places were affected by the COVID-19 epidemic, resulting in transportation restrictions, decreased downstream operating rates, accelerated accumulation of factory inventories, and weakened market confidence, putting pressure on glass futures prices. Zhang Xi, an analyst at Huishang Futures Research Institute, said that the current spot price of glass remains firm. Although the market remains cautious about purchasing high-priced glass spot goods, with downstream demand as the main driver, it is expected that with the gradual control of the epidemic and the gradual realization of peak season demand,

2021

08-30

With the peak demand season approaching, why is the glass futures market adjusting downwards?

On August 19, the glass futures market entered a deep correction, falling 2.62%. This is traditionally the peak season for glass demand. He Hangying, a metal analyst at Nan Hua Futures, said that due to the recent escalation of epidemic prevention and control measures, transportation has been restricted in many places, and the operating rate of downstream companies has also been affected, resulting in a significant slowdown in glass manufacturers' delivery. Wei Chaoming, a glass researcher at Founder Futures, believes that in recent years, downstream glass consumption has encountered various unfavorable factors, such as high-priced electricity, heavy rains in many parts of the country, and the epidemic, which have created temporary obstacles to glass circulation, transportation, and end-user consumption. Data shows that as of this week, the inventory of glass producing enterprises

2021

08-30

The profit of the architectural technical glass industry increased significantly in the first half of the year

In the first half of this year, driven by the rapid recovery of market demand in industries such as photovoltaic cells, real estate, automobiles, computers, and communications, the architectural technical glass industry continued its strong performance from the previous year, with its major economic indicators significantly improving. Data from the National Bureau of Statistics shows that in the first half of the year, the national output of large-scale flat glass reached 510 million weight boxes, a year-on-year increase of 10.8%; the output of tempered glass, laminated glass, and insulated glass reached 430 million square meters, a year-on-year increase of 22.4%. At the same time, the operating revenue of large-scale architectural technology glass enterprises reached 182.48 billion yuan, a year-on-year increase of 37.7%, and the total profit reached 26.92 billion yuan.

2021

08-30

Photovoltaic glass may drive a rally in soda ash.

Since July, the prices of goods have shown a more differentiated trend, and the epidemic has suppressed the upward momentum of many varieties, with only soda ash showing slow growth. Soda ash faces several challenges: 1. Producers' inventories are low, but glass factories have high hidden inventories; 2. Solar energy production capacity is expanding, but not immediately; 3. New contracts have fully met expectations, leading to overspending. In early August, spot prices increased by about 200 yuan. Currently, the lowest spot delivery price is 2350 yuan/ton (based on Jinshan's insured delivery price), while some high-priced areas are 2400-2500 yuan/ton. Downstream buyers still have a fear of high prices and are trading cautiously. Alkali plants have sufficient orders, and goods transportation is smooth. As of Thursday,

2021

08-30

Glass: Supply contraction exceeded expectations, V-shaped reversal initiated

Last week, two more production lines were shut down in the Shahe area due to environmental protection, exceeding expectations for capacity contraction. Currently, the industry's net capacity reduction is approximately 36 million heavy boxes, accounting for about 4% of current production capacity, and industry inventory continues to decline rapidly. We believe that considering the cost of resuming production and the expiration of some production lines, capacity is expected to maintain a dynamic balance in the second half of the year, and capacity is expected to continue to shrink throughout the year. From the demand side, the apparent demand for glass in April fell by 5.5% year-on-year and narrowed by 21 percentage points month-on-month. Due to the rapid decline in inventory, the apparent demand growth rate is expected to turn positive strongly in May, and demand will continue to recover. For the whole year, 202

2021

08-30

The global automotive glass market is expected to reach $27.75 billion in 2026.

The global automotive glass market is expected to reach $27.75 billion by 2026, with a compound annual growth rate of 6.9% during the forecast period. Strong logistics infrastructure in developed countries will be a key driver of market growth. A World Bank bi-annual report indicates that the global logistics industry is currently valued at $4.3 trillion. Logistics and transportation are key components of international trade, facilitating the movement of goods and requiring robust infrastructure for smooth operation; this infrastructure is highly developed and well-established in developed countries. For example, in the World Bank's Logistics Performance Index, the top four countries are from the EU.

2021

08-30

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Linghai Global Glass Products

Tel:+86 15842714777 +86 13030765775
E-mail:linghaihuanqiu@163.com
Address:Antun Town Industrial Park, Linghai City, Liaoning Province

Linghai Global Glass Products Co., Ltd.
Linghai Global Glass Products Co., Ltd.

Enterprise Reporting Section

Reporting Hotline:+86 13030765775     
Reporting Email:linghaihuanqiu@163.com

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