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Glass price correction, September price or shock is weak

Glass price correction, September price or shock is weak
Issue Time:2019-09-07


Glass price correction, September price or shock is weak


In the medium term, although the demand in June and July was smoothed to show the characteristics of the off-peak season, but from the demand performance after the year, the demand release from June to July far exceeded expectations. In August, speculative demand returned again. Steady, but from the data point of view, it has been significantly weaker than in the past few years. From the perspective of time period, traders and processing companies are about to start digesting their own inventory and this week's apparent consumption has shown a significant decline, and the release of additive supply increments, 9 The monthly supply and demand side is expected to be slightly looser. Manufacturers have a high degree of destocking and strong financial strength. Although they do not have a clear willingness to cut prices, market prices may be affected by supply and demand. Therefore, it is possible to pay attention to the opportunities for the short-selling after the rebound of the 01 contract.

In the medium term, although the demand in June and July was smoothed to show the characteristics of the off-peak season, but from the demand performance after the year, the demand release from June to July far exceeded expectations. In August, speculative demand returned again. Steady, but from the data point of view, it has been significantly weaker than in the past few years. From the perspective of time period, traders and processing companies are about to start digesting their own inventory and this week's apparent consumption has shown a significant decline, and the release of additive supply increments, 9 The monthly supply and demand side is expected to be slightly looser. Manufacturers have a high degree of destocking and strong financial strength. Although they do not have a clear willingness to cut prices, market prices may be affected by supply and demand.

The overall trend of the glass spot market this week is still acceptable. The production and sales situation of production enterprises continued to improve. Recently, regional meetings were held in Northeast China and East China. After the meeting, some manufacturers' offers have risen to a certain extent, and market sentiment has also improved. From the perspective of supply and demand, the production will continue to be released in September after the production line is put into production in July and August, and the supply side will increase slightly. On the demand side, as the speculative stocking of traders and processing companies ends, the probability of digesting its own inventory in September is Lord, in the absence of mandatory policy intervention, the apparent expectations for September are weakened, so the supply and demand side of the glass will turn into a slightly looser state in September.
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