Domestic float glass market: & nbsp; In January
2023, the domestic spot market price of float glass stabilized and rebounded. On the supply side, 3 production lines were released for cold water repair within a month, and the ignition capacity in December 2022 was released in January, with a slight increase in the overall production capacity; on the demand side, there was some stock demand in the first ten days, and the demand performance was weak in the middle and last ten days due to seasonality and holidays, with a certain accumulation of inventory. In January, the newly released production capacity was 2,100 tons/day, the production capacity for cold repair was 1,600 tons/day, and the actual effective production capacity at the end of the month increased by 500 tons/day on a month-on-month basis; in January, the production was resumed and one production line was ignited by 600 tons/day, and the release of production capacity affected the market supply in February. In the domestic float glass market in February
2023, the production capacity of the production line was released on the supply side, while the pace of cold repair slowed down, and the actual production capacity increased slightly; On the demand side, the downstream will gradually resume production after the festival. At present, the pressure of high inventory may be eased to a certain extent, the price of raw materials is running strongly, and the cost side has certain support. It is expected that the focus of float glass price will move up. On the macro side, the domestic economy may reach the bottom, and the road to recovery will be opened in 2023, and stimulating domestic demand will become the focus of the whole year's work. On the demand side, real estate sales and completed area in 2022 decreased by 24.3% and 15.0% respectively compared with the same period last year, and the demand for real estate was sluggish throughout the year. With the relaxation of real estate policy and the gradual recovery of the domestic economy, the monthly performance of real estate in December improved, and the demand for float glass in 2023 was expected to be repaired; In 2022, automobile production and sales will increase by 3.4% and 2.1% respectively, and the automobile production and sales will maintain a growth trend in the long run; after the Spring Festival, the downstream demand will gradually pick up. On the supply side, the newly released production capacity in February was 600 tons per day, and there is no plan for cold repair of production lines. It is expected that the net increase in production capacity in February will be 600 tons per day, and the possibility of unplanned cold repair cannot be ruled out. In February, it is planned to resume production and ignite production capacity of 1700 tons per day, and the release of production capacity will affect the market supply in March. The actual implementation shall be subject to the specific trend of float glass production enterprises. In terms of industry cost, in terms of soda ash, on the supply side, the operation of soda ash enterprises was stable, there was no maintenance plan for the time being, and the supply was stable; on the demand side, the production capacity of float glass increased slightly, the production capacity of photovoltaic glass continued to expand, the overall demand for heavy alkali increased, the current inventory was still at a low level, and the price of soda ash was expected to be stable and strong in February. In terms of natural gas, the downstream demand will increase with the resumption of production and work after the Spring Festival, with a small increase in the supply side. It is expected that the price of natural gas will fluctuate in February.
1. Price index
of Xinyi high-quality float glass in North China and Northeast China In January 2023, the price index of Xinyi high-quality float glass in North China and Northeast China was 1464.3 points, with a year-on-year decrease of 17.4% and a month-on-month increase of 2.3%. In January
2023, the ultra-white price index of Xinyi North China and Northeast China was 2418.1 points, down 14.7% year-on-year and up 0.1% year-on-year. In February
2023, the North China and Northeast China regional markets are expected to gradually recover. In terms of demand, with the resumption of downstream production after the festival, demand will start one after another. This year, the inventory is mainly concentrated in the upstream manufacturers, while the inventory in the middle and lower reaches is relatively low. When the demand starts, there is still some room for replenishment in the downstream. On the supply side, there was no new capacity release in North China and Northeast China in February, no planned cold repair production line, and the actual effective capacity is expected to be flat. The region plans to resume production and ignition capacity of 600 tons per day in February, and the release of capacity will affect the market supply in March. It is expected that the price index of Xinyi North China and Northeast China will rise annually in February 2023 (the actual rise or fall depends on the change of market environment)
. 2. The price
index of Xinyi high-quality float glass in East China in January 2023 will be 1621.4 points, down 19.9% from the same period last year. The month-on-month increase was 1.6%. In January
2023, the price index of Xinyi East China was 2748.4 points, down 4.1% year-on-year and 0.5% year-on-year. In the East China regional market in February
2023, it is expected that the supply will increase slightly and the demand will gradually improve. On the demand side, after the Spring Festival, the market will start one after another, the downstream demand will have incremental space, the production and sales rate will gradually rise, and the original film enterprises will mainly go to the warehouse. On the supply side, the newly released production capacity in East China in February was 600 tons per day, and there was no cold repair plan for the time being, and the actual effective production capacity was expected to increase by 600 tons per day; the production capacity of 500 tons per day was planned to resume production in February in the region, and the release of production capacity will affect the market supply in March. It is expected that the price index of Xinyi East China in February 2023 will rise annually (the actual rise or fall depends on the change of market environment)
. 3. The price
index of Xinyi high-quality float glass in South China in January 2023 will be 1694.9 points, down 18.8% from the same period last year. Up 2.4% from the previous month. In January
2023, the ultra-white price index of Xinyi South China was 2330.0 points, down 13.2% year-on-year and up 0.3% year-on-year. In the South China regional market in February
2023, the demand is expected to rebound and the price is running strongly. On the demand side, the shipment of enterprises before the Spring Festival is still acceptable, the overall inventory pressure is relatively small, and the demand will be gradually released after the festival. On the supply side, in February, there was no new production capacity released in South China, and there was no planned cold repair capacity for the time being. The production capacity in the region was expected to be flat on a month-on-month basis. There was no new production and resumption plan in the region in February. Xinyi South China Regional Price Index is expected to rise in February 2023 (the actual rise or fall depends on changes in the market environment)
. 4. Xinyi High-quality Float Glass Southwest Regional Price Index
In January 2023, Xinyi Southwest Regional White Glass Price Index was 1468.1 points, down 25.0% from the same period last year. Up 5.9% from the previous month. In January
2023, the ultra-white price index of Xinyi Southwest Region was 2595.9 points, down 11.1% year-on-year and 2.2% year-on-year. In the southwest regional market in February
2023, the price is expected to be strong. On the demand side, the current production and sales rate in the region is relatively low, and with the resumption of downstream production and work, there is more room for enterprises to improve their shipments. On the supply side, in February, there was no newly released production capacity in the southwest region, and there was no planned cold repair production capacity for the time being, and the production capacity in the region was expected to be flat on a month-on-month basis; in January, two production lines were released for cold repair in the region, which alleviated the supply pressure to a certain extent; in February, there was no new production and resumption plan in the region. It is expected that the price index of Xinyi Southwest Region in February 2023 will rise on a month-on-month basis (the actual increase or decrease depends on the changes in the market environment)
Remarks:
1. Index example: The index of 1000 points indicates that the average price of Xinyi Glass and some other high-quality float glass in the surrounding areas is 1000 yuan/ton (RMB) excluding tax.
2. Monthly index refers to the index value corresponding to the average float glass price in the region from the first day of the month to the end of the month; quarterly index refers to the index value corresponding to the average float glass price in the region for three months within the quarter.
3. The North China and Northeast China Regional Index includes some other high-quality float glass manufacturers in Xinyi Tianjin, Xinyi Yingkou and surrounding areas, the East China Regional Index includes some other high-quality float glass manufacturers in Xinyi Wuhu and surrounding areas, and the South China Regional Index includes some other high-quality float glass manufacturers in Xinyi Dongguan, Xinyi Jiangmen and surrounding areas. The Southwest Regional Index includes some other high-quality float glass manufacturers in Xinyi Deyang and the surrounding areas.
4. Xinyi High Quality Float Glass Price Index publishes the price index
of the previous month at the beginning of each month.
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