The overall price of the country has continued to decline recently, and the decline in the region is mainly reflected in the East China market. Affected by the price of glass in the outer market, the price of the Shanghai market has dropped back to 85 yuan/heavy box. The dealers are afraid to purchase goods, and the North China market is due to the Runan line. The official production of glass this month, it is expected that the impact on the market will gradually appear in the future, the market price is still likely to fall further.
South China: In early July, the market price in the Guangzhou region did not continue to decline, but the current market operation has not changed significantly from the price to the price. It seems that the pressure on the market is still relatively obvious. The key is that the current market demand is flat. This week's factory price is still around 92 yuan/heavy box.
North China: The Beijing market remained stable with little change. Hebei Runan Line produced glass this month. It is expected to cause a greater impact on the white glass market in Qinhuangdao.
Southwest: Chengdu market entered the peak season. The glass market is relatively stable.
East China: Shanghai market prices have recently shown downward fluctuations, the impact of foreign glass prices has been relatively large, prices of nearby manufacturers have also come back, thin-plate CIF prices have fallen below 85 yuan/heavy boxes, and dealers have waited and watched, and some manufacturers have introduced promotional policies.
Northeast China: Glass prices in Northeast China have slightly recovered. The fundamentals of market demand have not changed.
Central China: Wuhan Changli new production line ignition, daily melting capacity of 1,000 tons.
Northwest Region: The glass prices in the northwest region are stable, and there is little change in demand. . Soda ash prices remained stable last week compared to the previous period, with some regions rising and falling slightly at a rate of RMB 20/t. Shanghai Zhongshan Chemical Industry's heavy soda ash (99%) was quoted at RMB 1380/t; heavy oil prices last week were higher than the previous period. It fell back to about 50 yuan/ton.
Among the glass stocks, we are most bullish on CSG A (000012): Even a slight drop in the gross profit margin of float glass will not have much impact on it, because the driving force of stock prices is more from the broad growth space of LOW-E energy-saving glass and the photovoltaic industry. recovery. Polysilicon prices have recently increased from about 50 US dollars / kg to about 60 US dollars / kg, according to current prices, CSG this year, thickening of about 0. 03 yuan EPS, has little effect, maintain the "buy" rating. Globally, supply pressure remains high, and production costs continue to decrease. Therefore, we believe that polysilicon prices cannot continue to rise, but we need to closely track price movements.