Glass industry trends:
The average price of float glass in China this week was 2059 yuan, down 54 yuan from last week. China’s float glass market rose and fell this week, with regional differences. Recently, downstream processing plants in the southern region have made some replenishment, the production and sales in Central China, East China and southwest China have improved, and the prices of some manufacturers have increased slightly after the price reduction. The middle and lower reaches of the northern region still hold a certain amount of inventory. In addition, the construction in some areas is limited, and it is mainly needed to purchase goods.
In terms of production capacity, the daily melting volume in production this week totaled 172525 tons, unchanged from last week. The total inventory of production enterprises in key monitoring provinces this week was 56.24 million weight boxes, a month on month decrease of 210000 weight boxes, a decrease of 0.4%.
We judge that the supply and demand pattern of ordinary float glass is still in tight balance in 2022. Therefore, at present, we are the first to promote Xinyi Glass (0868. HK) with environmental protection leading capacity expansion and Zhuzhou Kibing Group Co.Ltd(601636) ( Zhuzhou Kibing Group Co.Ltd(601636) ) with high bonus and high dividend
