Afternoon glass is expected to maintain the trend of concussion

2018-11-29

Spot, November 27 in north China, shahe security quoted 1429 yuan/ton, unchanged from yesterday, central China, wuhan changli quoted 1494 yuan/ton, unchanged from yesterday, east China, shandong jurun quoted 1520 yuan/ton, unchanged from yesterday, south China, jiangmen walun quoted 1680 yuan/ton, unchanged from yesterday. On the supply side, the glass production line inventory continued to decline slightly last week, and the total inventory decreased compared with the previous high. The manufacturers' sales were mainly destocking, with a large amount of stock delivery since the weekend. The industry conference was held in central China last week, and the quotation was raised in central and north China.


Production capacity, last week two glass production line water cooling repair, and no new capacity ignition. On the demand side, the national real estate data from January to October was released, and various real estate data still maintained growth, but the growth rate was relatively slow, while the completed area showed a big decline compared with last year, and the decrease speed was expanded. Auto production and sales picked up in October, but were still down from a year earlier. Trade war affected glass exports also declined.


Overall, the demand side was weaker but better, with orders up month-on-month but down from last year. Yesterday's glass 1901 trading range of small shock, the volume of decline, the current basis is basically flat, with the current up, is expected to maintain the future trend of glass shock.

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