According to data from China Glass Information Network, the price of most float glass in the country fell in mid-September.
According to our monitoring area, down areas have 9: Guangzhou (-1.8 yuan/weight box, -2.12%), Beijing (-1.93 yuan/weight box, -2.07%), Xi'an (-1.03 yuan/weight box, - 1.24%), Henan (-1.01 yuan/weight box, -1.05%), Shenyang (-1.02/weight box, -0.85%), Chengdu (-0.63 yuan/weight box, -0.75%),, Wuhan (-0.6 Yuan/weight box, -0.72%), Shanghai (-0.37 yuan/weight box, -0.45%), Qinhuangdao (-0.3 yuan/weight box, -0.25%); After the Mid-Autumn Festival, due to the price cuts of several major companies in the domestic market, the national price has been dragged down. The Hebei Shahe region and Jiangsu Wal-Mart have competed to lower prices, causing the market to be extremely depressed and the market outlook is not optimistic. Shahe Glass substantially cut prices to clear inventory, causing panic in North China's Beijing and Qinhuangdao markets; South China regional prices continued to decline significantly, the amount of delay led to a substantial decline in prices from the mid-range began to adjust, the range of around 10 yuan / weight boxes The price returned to the level before this round of price increase, the lowest price was 65-66 yuan/heavy case, and there was a new round of panic situation; the east China market that entered the traditional peak season in the second half did not continue to continue the previous rising price, on the contrary, the price dropped back. The current market confidence has been severely frustrated. Some regions have lost patience. Shanghai market prices have also been declining; Central and South China markets have been affected by South China and North China prices have also declined; Northeast market demand has not changed, prices have fallen slightly, and prices have been greatly reduced in the short term. Small; trading volume in the northwest market is relatively sluggish; demand in the southwest region is normal, and glass prices have declined slightly.
Float glass stocks rose in the current ten-day period, and the pressure highlighted that the inventory of 255 float glass production lines nationwide increased from the beginning of September, with a total increase of 710,000 weight boxes, and returned to a level of more than 25 million weight boxes (up to 25.6 million weight boxes). The chain increased by 2.85% and inventory pressure increased.
Sodium carbonate prices stabilized in mid-September According to data from China National Chemicals Network, Shandong Haihua maintained the price of heavy soda ash at the ex-factory price of 2,250 yuan/ton on September 21st, the same as in the early period; Hubei Shuanghuan ex-factory price was 2,100 yuan/ton; the ex-factory price of Tangshan Sanyou was Also maintained at 2275 yuan / ton. The recent price of heavy soda ash was flat in early September.
Maintain the industry "neutral" rating for the current period (2011.9.13-2011.9.21) glass manufacturing index rose +0.93%, Shanghai and Shenzhen 300 +0.72%, slightly outperformed the broader market. Due to the severe price cuts of several major manufacturers in the current ten-day period, prices in the entire country have dropped. The deeper reasons are the slow growth in demand, the increase in pressure on new production capacity, and the rebound in corporate inventories. In view of the concerns about the new production capacity in the fourth quarter and the macroeconomic tightening environment, we still cautiously maintain the industry's “neutral†rating. We recommend focusing on the leading players in the glass industry and leading enterprises with glass processing advantages. We still recommend focusing on: CSG A, Jin Jing Technology.
According to our monitoring area, down areas have 9: Guangzhou (-1.8 yuan/weight box, -2.12%), Beijing (-1.93 yuan/weight box, -2.07%), Xi'an (-1.03 yuan/weight box, - 1.24%), Henan (-1.01 yuan/weight box, -1.05%), Shenyang (-1.02/weight box, -0.85%), Chengdu (-0.63 yuan/weight box, -0.75%),, Wuhan (-0.6 Yuan/weight box, -0.72%), Shanghai (-0.37 yuan/weight box, -0.45%), Qinhuangdao (-0.3 yuan/weight box, -0.25%); After the Mid-Autumn Festival, due to the price cuts of several major companies in the domestic market, the national price has been dragged down. The Hebei Shahe region and Jiangsu Wal-Mart have competed to lower prices, causing the market to be extremely depressed and the market outlook is not optimistic. Shahe Glass substantially cut prices to clear inventory, causing panic in North China's Beijing and Qinhuangdao markets; South China regional prices continued to decline significantly, the amount of delay led to a substantial decline in prices from the mid-range began to adjust, the range of around 10 yuan / weight boxes The price returned to the level before this round of price increase, the lowest price was 65-66 yuan/heavy case, and there was a new round of panic situation; the east China market that entered the traditional peak season in the second half did not continue to continue the previous rising price, on the contrary, the price dropped back. The current market confidence has been severely frustrated. Some regions have lost patience. Shanghai market prices have also been declining; Central and South China markets have been affected by South China and North China prices have also declined; Northeast market demand has not changed, prices have fallen slightly, and prices have been greatly reduced in the short term. Small; trading volume in the northwest market is relatively sluggish; demand in the southwest region is normal, and glass prices have declined slightly.
Float glass stocks rose in the current ten-day period, and the pressure highlighted that the inventory of 255 float glass production lines nationwide increased from the beginning of September, with a total increase of 710,000 weight boxes, and returned to a level of more than 25 million weight boxes (up to 25.6 million weight boxes). The chain increased by 2.85% and inventory pressure increased.
Sodium carbonate prices stabilized in mid-September According to data from China National Chemicals Network, Shandong Haihua maintained the price of heavy soda ash at the ex-factory price of 2,250 yuan/ton on September 21st, the same as in the early period; Hubei Shuanghuan ex-factory price was 2,100 yuan/ton; the ex-factory price of Tangshan Sanyou was Also maintained at 2275 yuan / ton. The recent price of heavy soda ash was flat in early September.
Maintain the industry "neutral" rating for the current period (2011.9.13-2011.9.21) glass manufacturing index rose +0.93%, Shanghai and Shenzhen 300 +0.72%, slightly outperformed the broader market. Due to the severe price cuts of several major manufacturers in the current ten-day period, prices in the entire country have dropped. The deeper reasons are the slow growth in demand, the increase in pressure on new production capacity, and the rebound in corporate inventories. In view of the concerns about the new production capacity in the fourth quarter and the macroeconomic tightening environment, we still cautiously maintain the industry's “neutral†rating. We recommend focusing on the leading players in the glass industry and leading enterprises with glass processing advantages. We still recommend focusing on: CSG A, Jin Jing Technology.
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