The hottest glass industry ushers in the peak cons

2022-08-04
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The glass industry has ushered in the peak consumption season

the latest data of China glass [0.00%] information show that China has added 12 float glass production lines and 4 cold repair and resumption production lines in the first half of the year, with a total new production capacity of 61.3 million heavy containers. At the end of last year, the market predicted that 16 production lines would be added to the glass industry this year, with an annual production capacity of 60.6 million heavy containers

among the newly increased glass production capacity, the growth in June accounted for one third, among which the newly increased annual production capacity of Xianning south glass second line, Qian'an Yaohua first line, Beijing Jinjing technology [0r from straight section to clamping from hard brittle to viscous strong transition radius.00% Capital Research Report] first line and Taiwan glass Fengyang first line totaled 18million heavy boxes. "In June, the glass production line was put into production intensively because the enterprise was optimistic about the market in the second half of the year and wanted to put it into production before the peak season." Chenxiaofei, an analyst of China Glass information, said that according to the general situation, the glass market will gradually move towards the peak consumption season from late June

"the downstream consumption fields of glass mainly include real estate, automobile and export, among which the real estate [-0.30% Capital Research Report] market is the largest consumption field of glass." Zhang Jun, a researcher at CSI futures, said that from the recent trend, the demand for houses and cars has increased, while the export performance is relatively sluggish

according to the statistical data, the sales area of commercial housing nationwide increased by 35.6% year-on-year, and the accumulated construction area of housing increased by 16% year-on-year. According to Zhang Jun's analysis, in the second half of the year, the newly started area maintained an upward trend, and the upward growth of construction area will be inevitable. However, the growth of construction area has a high correlation with glass demand, which will promote the rise of glass demand. The real estate market is in the process of warming up. With the arrival of the "golden nine silver ten", the demand for glass will also usher in a peak

automobile is the second largest source of demand for glass. In the first half of this year, the production and sales of the automobile market grew rapidly. The monthly cumulative production and sales of automobiles exceeded 9million. The prices of similar label products can range from $50 to $2000 per kilogram. The cumulative year-on-year growth rates reached 13.49% and 12.56% respectively, an increase of 10.3 and 10.9% compared with last year. It is expected that the annual production and sales growth rate is expected to reach more than 10%

Zhang Jun believes that although the glass export is still in the doldrums, the recovery pattern of glass demand in the medium term will remain unchanged with the support of the recovery of the two downstream pillars of real estate and automobile. The demand for 1% accuracy of glass indication is expected to be further improved in the second half of the year, thus promoting the rise of glass prices. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk

Zhonghua glass () Department

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