Domestic float glass market: & nbsp; & nbsp ; & nbsp; In May
2023, the domestic float glass spot market price was high before and low after, the regional price difference narrowed, the price focus further moved up, and the monthly average price increased significantly. On the supply side, the actual effective production capacity increased during the month, and the supply increased; on the demand side, the terminal demand weakened slightly, the production and sales rate of float glass enterprises decreased on a month-on-month basis, and the inventory increased on a month-on-month basis. In May, the newly released production capacity was 1400 tons/day, and there was no production line for cold repair. At the end of the month, the actual effective production capacity increased by 1400 tons/day on a month-on-month basis. In May, the production was resumed and 5 production lines were newly ignited, with a production capacity of 4050 tons/day. The release of production capacity will affect the market supply in June. In June
2023, the domestic float glass market is expected to be stable. On the supply side, the actual effective production capacity of float glass is expected to increase, and the supply is expected to increase on a month-on-month basis. On the demand side, the current downstream orders are still acceptable, and the demand for float glass is expected to be supported in June; At present, the inventory pressure of float glass enterprises is relatively small, the cost of float glass is moving down, and the price of float glass is expected to be adjusted in June. On the macro side, the pressure of domestic economic recovery is greater, domestic demand is insufficient, market sentiment is pessimistic, and more vigorous policies may be introduced in the second half of the year. On the demand side, real estate sales and completed area in January-April 2023 decreased by 21.2% and increased by 18.8% respectively compared with the same period last year. Real estate sales declined and completion remained strong, which supported the demand for float glass; From January to April 2023, automobile production and sales were 8.355 million and 8.235 million, respectively, an increase of 8.6% and 7.1% over the same period last year, and automobile production and sales improved. On the supply side, 4050 tons/day of new production capacity was released in June, one production line was planned for cold repair, involving 600 tons/day of production capacity, and the effective production capacity in June was expected to increase by 3450 tons/day; There is no definite planned ignition production line in June, and the actual implementation shall be subject to the specific trend of float glass production enterprises. Industry cost, soda ash, supply side, soda ash enterprise operating rate remains high, supply changes are small, in the medium and long term, soda ash supply is expected to increase; On the demand side, the production capacity of float glass will continue to increase, the production capacity of photovoltaic glass will still expand, the demand for heavy alkali will increase, and the price of soda ash is expected to be weak in June. In terms of natural gas, the supply side has a certain increment with the end of maintenance, the overall supply is at a high level, the demand side has no obvious incremental space, and the price of natural gas is expected to fluctuate weakly in June.
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