Xinyi Glass released the "Xinyi High-quality Float Glass Price Index", referring to the average ex-factory price (bare package) of white glass and ultra-white 4-12mm excluding tax of other high-quality float glass manufacturers in the domestic production bases and surrounding areas of Xinyi Glass. It comprehensively reflects the past price trend and future price expectation of high-quality float glass in the region, and actively guides glass deep processing enterprises and terminal real estate enterprises to understand the market situation of high-quality float glass.
Domestic float glass market:
In June 2023, the domestic float glass spot market price was high before and low after, the price center of gravity moved down, and the monthly average price dropped. On the supply side, the actual effective production capacity increased slightly in the month, and the supply increased; on the demand side, the peak season gradually switched to the off-season, the high temperature and rainy weather affected the downstream demand, the purchase was mainly on demand, the production and sales rate of float glass enterprises decreased, and the inventory increased slightly compared with the end of May. The newly released production capacity in June was 4,050 tons/day, and the actual effective production capacity at the end of the month increased by 850 tons/day on a month-on-month basis; the production capacity resumed in June and the newly ignited production capacity was 2,450 tons/day, and the release of production capacity will affect the market supply in July. In July
2023, the domestic float glass market was expected to shake and adjust. 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 high temperature and rainy weather in July affected the downstream demand, and the demand for float glass is expected to remain supported by the purchase of rigid demand. On the macro side, the process of domestic economic recovery is slowing down, and expanding domestic demand will become the main driving force of macroeconomic policy in the second half of the year. On the demand side, real estate sales and completed area in January-May 2023 decreased by 22.6% and increased by 19.6% 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 May 2023, automobile production and sales were 10.687 million and 10.617 million respectively, up 11.1% and 11.1% respectively from the same period last year, and automobile production and sales maintained a growth trend. On the supply side, the newly released production capacity in July was 2,450 tons/day, and there was no cold repair plan for the production line. The effective production capacity in July increased by 2,450 tons/day compared with the expected net increase; the planned ignition production capacity in July was 1,550 tons/day, and the release of production capacity will affect the market supply in August. 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 new production capacity was gradually released, and the maintenance of soda ash enterprises increased in July. On the demand side, the ignition of float and photovoltaic glass production lines decreased, and the growth of demand for heavy alkali slowed down, so it is expected that the price of soda ash will run in a narrow range in July. In terms of natural gas, on the supply side, new production capacity may be released in July, and the supply is expected to increase; on the demand side, the high temperature in summer will increase the demand for downstream gas and electricity, and the price of overseas natural gas will rise sharply, so it is expected that the price of natural gas will rise in July.
North China and Northeast China:
In June 2023, the white glass price index of Xinyi North China and Northeast China was 1742.1 points, representing a year-on-year increase of 9.6% and a month-on-month decrease of 11.1%. In June 2023, the ultra-white price index of Xinyi North China and Northeast China was 2331.4 points, down 16.0% year-on-year and 4.7% year-on-year. In July
2023, the regional markets in North China and Northeast China are expected to have stable supply and demand and stable prices. On the demand side, the high temperature weather in North China this year has affected part of the demand, and the short-term demand is difficult to improve significantly. On the supply side, no new production capacity was released in North China and Northeast China in July, and no cold repair production line was planned for the time being. The actual effective production capacity is expected to be flat on a month-on-month basis: the planned ignition production capacity in July in the region is 950 tons per day, and the release of production capacity will affect the market supply in August: the actual implementation shall be subject to the specific trend of float glass production enterprises. It is expected that the price index of Xinyi North China and Northeast China will be flat in July 2023 (the actual increase or decrease depends on the change of market environment).
East China:
In June 2023, the white glass price index of Xinyi East China was 1974.0 points, up 9.9% year-on-year and down 11.1% month-on-month. In June
2023, the ultra-white price index of Xinyi East China region decreased by 13.5% year-on-year and 3.2% year-on-year for the 25634 point. In the East China regional market in July
2023, the supply is expected to increase slightly and the price is stable. On the demand side, the demand is affected by seasonality, and the terminal is mainly purchased on demand. On the supply side, in July, the newly released production capacity in East China was 600 tons/day, and there was no plan for cold repair of production lines, and the actual effective production capacity was expected to increase by 600 tons/day on a month-on-month basis; there was no plan for new production and resumption of production in July in the region; the actual implementation shall be subject to the specific trend of float glass production enterprises. It is expected that the Xinyi East China Regional Price Index will be flat in July 2023 (the actual rise or fall depends on the changes in the market environment).
South China:
In June 2023, the white glass price index of Xinyi South China region was 2086.2 points, up 12.9% year-on-year and down 7.7% month-on-month. In June
2023, the ultra-white price index of Xinyi South China was 2346.9 points, down 19.2% from the previous month and 6.0% from the previous month. In the South China regional market in July
2023, the supply is expected to increase and the price is stable. On the demand side, just need to support in July, and the overall demand in the off-season is difficult to improve significantly. On the supply side, in July, the newly released capacity in South China was 1250 tons per day, with no planned cold repair capacity, and the actual effective capacity is expected to increase by 1250 tons per day. There is no new production and resumption plan in July. Please refer to the specific trend of float glass production enterprises for the actual implementation. It is expected that the price index of Xinyi South China in July 2023 will be flat on a month-on-month basis (the actual increase or decrease depends on changes in the market environment)
. Southwest:
In June 2023, the price index of Xinyi Southwest White Glass was 1970.6 points, up 10.7% year-on-year and down 12.7% month-on-month. In June
2023, the ultra-white price index of Xinyi Southwest Region was 2729.9 points, down 11.4% year-on-year and 1.0% year-on-year. In the southwest regional market in July
2023, the supply is expected to increase slightly, just need to support, and the price is stable. On the demand side, the current downstream wait-and-see is the main factor, and the willingness to take the initiative to stock up is low, waiting for demand to improve. On the supply side, the newly released production capacity in the southwest region in July was 600 tons/day, and there was no planned cold repair capacity for the time being. The actual effective production capacity is expected to increase by 600 tons/day on a month-on-month basis. There is no new production and resumption plan in the region in July. The actual implementation shall be subject to the specific trend of float glass production enterprises. It is expected that the Xinyi Southwest Regional Price Index will be flat in July 2023 (the actual rise or fall depends on changes in the market environment).
Remarks:
1. Index example: the index of 1000 points indicates that the average price of Xinyi Glass and other high-quality float glass in the surrounding area 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. Xinyi Glass, the
world's leading integrated glass manufacturer, has long been committed to the R & D and production of high-quality float glass. With advanced production technology and excellent quality management, Xinyi Glass has formed an integrated production and sales industry chain from raw materials to high-quality float glass and downstream deep-processed glass products, effectively reducing costs, improving production efficiency and achieving scale advantages.
Xinyi Glass has domestic float glass sheet production bases in 11 cities of the Pearl River Delta, Yangtze River Delta, Chengdu-Chongqing Economic Zone, Bohai Rim Economic Zone, Beibu Gulf Economic Zone and Central Yunnan Economic Circle, and overseas float glass sheet production bases in Malaysia and Indonesia. Dongguan in Guangdong, Jiangmen in Guangdong (Jianghai Base and Pengjiang Base), Deyang in Sichuan, Chongqing, Wuhu in Anhui, Tianjin, Yingkou in Liaoning, Beihai in Guangxi, Zhangjiagang in Jiangsu, Chengmai in Hainan and Malaysia are in production and operation, and Qujing in Yunnan and Indonesia are under active preparation. While carrying out large-scale production, Xinyi Glass has always adhered to the development concept of "market-oriented, quality-oriented", using international leading production equipment, taking the road of high quality and differentiation to meet the personalized needs of high-end customers in automotive glass, energy-saving building glass, furniture glass and other fields.
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