The sand river cleared up from the rain and snow last night. In the past two weeks, the market turnover has been weak, but it has improved significantly since Friday. It is estimated that there may be 10-15 days of orders left over from the previous year, and the processing plants just need to purchase. There are few new orders downstream, and the repayment situation is not ideal. Consistent with the feedback we received in Hubei, the processing plant is more cautious when receiving orders, or worried about capital problems. The sustainability of the transaction still depends on new orders.
Years ago, during the winter storage period, futures and spot traders hoarded more than 10,000 packages of goods, and traders replenished more than 90% of their stocks. In the past two days, the inventory of manufacturers and traders has been upside-down, and the price of ready-made delivery is in the vicinity of 05 to -30. The small board is almost out, and the big board doesn't want to make too much profit, so the shipment is not good. Traditional traders have 30% to half of the cheap supply of 50% years ago, but there are also years after the pursuit of more quilts. At present, the price of small plates has stabilized and rebounded, which is basically the same as the ex-factory price and no longer hangs upside down. The terminal of the processing plant
near Shahe is mainly architectural glass, supplemented by home decoration. In recent years, the number of process glass has decreased and the number of Low-e has increased. The reasonable radiation range is about 300 kilometers, and the southernmost part can be transported to Jiangsu, where mirror making and frosting are relatively far away. Coating mainly uses large panels, downstream is curtain walls, windows, the current sales are relatively poor, some production lines stopped. If the coating line in Shahe area is fully opened, it is estimated that 700 packages of large boards will be used a day. At present, it is estimated that about 350 packages will be used. Last year, Shahe Cold Repair was a small board line, so the supply and demand of small boards were relatively healthier. Glass factory stock is not very high, small and medium-sized enterprises as they use, about 78% of the large.
The glass factory purchases high-calorie coal from Yulin, which has dropped by 400 in the last two weeks, and the cost of coal production has declined. The author estimates that the current price is profitable relative to the cash cost. But production lines fueled by natural gas are still losing money. Years later, the northwest transport capacity has recovered a little, and the situation of soda ash tension has eased.
Demand is still not improving, and the sustainability of the recent improvement in transactions is doubtful. The cost of coal has moved down, and there is still room below. However, if the loss continues, the natural gas production line will face greater pressure of cold repair.
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