With the approaching of the glass gambling market, the stock price of listed companies in the glass sector began to reflect. On September 18, Golden Glass (300093) gained 5.41%, Yaopi Glass (600819) gained 6.44%, and North Glass (002613) has a daily limit of two consecutive days.
Glass prices rose slightly in early September, and prices are expected to increase slightly with the arrival of the peak season. However, since real estate, which accounts for 70% of the downstream demand for glass, has not substantially improved, the current high inventory is still under pressure.
The price continues to rise data show that the original film market glass prices last week continued north up south. The north rose slightly and South China slightly lower. Most manufacturers in Shahe District raised prices by 0.5-2 yuan per weight. Many companies in the East China market have implemented good price increases and are currently shipping in a stable state. Some enterprises in southern China have slightly lowered their prices; the central China market has been operating smoothly, and individual companies have slightly raised prices; The demand in Northwest China is now in peak season, trading is relatively active, shipments are good, inventory has been cut, and prices in the Northeast have risen slightly. This week, the national glass major market generally increased prices, Shenyang rose 0.58%, Beijing rose 0.6%, Qinhuangdao rose 0.59%, Shanghai rose 0.5%, Zhengzhou rose 0.6%, Guangzhou rose 0.5%.
Analysts said that the glass company's stock price rose or related to the expectations of the glass ** listing, the glass ** is expected to become the second new variety after the Silver ** this year. On August 20th and 23rd, Zhengzhou Commodity Exchange successively held video training on the “Innovation Status and Future Prospects of Glass Spot Market in Recent Years†and the “Introduction to Glass** Contract Rules Systemâ€. According to the draft of the Zhengzhou office’s release, the glass ** is based on the East China Glass Market, which is priced at 20 tons per lot. The minimum trading margin is 6% of the contract value. Glass ** trading varieties as flat glass, the minimum quotation unit is 1 yuan per ton, the daily price fluctuation limit does not exceed ± 4% of the settlement price of the previous day.
According to the analysis, China is the world's largest glass production and processing country, but its pricing power is weak. The listing of glass glass can help to improve China's discourse power and create pricing power. In addition, glass ** will provide enterprises with production guidance and provide companies with hedging tools.
At present, there are about 18 glass factory delivery factories in Zhengzhou, which are located in East China and South China. Some glass companies that have not obtained the qualification for delivery of the factory warehouse are expected to participate in the delivery of glass by the form of the delivery point of the delivery warehouse.
The inventory is still high Business information service provider Visiongain analysis believes that as the demand for architectural glass and automotive glass in emerging markets grows, the global flat glass market will reach US$73.1 billion in 2012. New technology development has also produced more and more flat glass applications, which will drive market development. Visiongain predicts that the global flat glass market will continue to grow in the next 10 years.
However, due to the current overcapacity of glass in China, coupled with the overall slowdown in the growth of the real estate and automotive industries in the glass industry, the demand for the glass industry has a greater impact.
The data show that in early September, the inventory of glass products was 27.64 million weight cases, which was an increase of 11.0% year-on-year and an increase of 0.2% from the previous month, which was slightly higher than the record high in early 2008. Inventories declined after rebounding in the off-season in July, but rose slightly again in early September. In early September, inventory/effective capacity ratio was 11.3. There was no sign of a significant increase in demand for glass last week. The current market is relatively stable, with mid-stream and downstream customers making appropriate purchases, and most customers including distributors and processors maintain on-demand procurement operations. Manufacturers’ inventory remains high.
In fact, the glass company's first half of the day is not good, and the third quarter is also not optimistic. According to the data, the company's flat glass output of 366 million weight boxes was above a year-on-year decrease of 3.1%. In the first half of this year, flat glass manufacturing industry lost 490 million yuan in profits, a year-on-year decrease of 118.5%, and inventory increased by 26.1% year-on-year to 44.75 million weight boxes.
Flushing iFinD data shows that 11 listed companies in the Shenwan glass manufacturing industry achieved a total net profit of 368 million yuan in the first half of the year, a year-on-year decline of 73.71%. Seven companies out of 11 companies suffered a decline in performance and three companies suffered losses. The three companies that announced the performance of the first three quarters expect the net profit to decline by more than 50%.
Glass prices rose slightly in early September, and prices are expected to increase slightly with the arrival of the peak season. However, since real estate, which accounts for 70% of the downstream demand for glass, has not substantially improved, the current high inventory is still under pressure.
The price continues to rise data show that the original film market glass prices last week continued north up south. The north rose slightly and South China slightly lower. Most manufacturers in Shahe District raised prices by 0.5-2 yuan per weight. Many companies in the East China market have implemented good price increases and are currently shipping in a stable state. Some enterprises in southern China have slightly lowered their prices; the central China market has been operating smoothly, and individual companies have slightly raised prices; The demand in Northwest China is now in peak season, trading is relatively active, shipments are good, inventory has been cut, and prices in the Northeast have risen slightly. This week, the national glass major market generally increased prices, Shenyang rose 0.58%, Beijing rose 0.6%, Qinhuangdao rose 0.59%, Shanghai rose 0.5%, Zhengzhou rose 0.6%, Guangzhou rose 0.5%.
Analysts said that the glass company's stock price rose or related to the expectations of the glass ** listing, the glass ** is expected to become the second new variety after the Silver ** this year. On August 20th and 23rd, Zhengzhou Commodity Exchange successively held video training on the “Innovation Status and Future Prospects of Glass Spot Market in Recent Years†and the “Introduction to Glass** Contract Rules Systemâ€. According to the draft of the Zhengzhou office’s release, the glass ** is based on the East China Glass Market, which is priced at 20 tons per lot. The minimum trading margin is 6% of the contract value. Glass ** trading varieties as flat glass, the minimum quotation unit is 1 yuan per ton, the daily price fluctuation limit does not exceed ± 4% of the settlement price of the previous day.
According to the analysis, China is the world's largest glass production and processing country, but its pricing power is weak. The listing of glass glass can help to improve China's discourse power and create pricing power. In addition, glass ** will provide enterprises with production guidance and provide companies with hedging tools.
At present, there are about 18 glass factory delivery factories in Zhengzhou, which are located in East China and South China. Some glass companies that have not obtained the qualification for delivery of the factory warehouse are expected to participate in the delivery of glass by the form of the delivery point of the delivery warehouse.
The inventory is still high Business information service provider Visiongain analysis believes that as the demand for architectural glass and automotive glass in emerging markets grows, the global flat glass market will reach US$73.1 billion in 2012. New technology development has also produced more and more flat glass applications, which will drive market development. Visiongain predicts that the global flat glass market will continue to grow in the next 10 years.
However, due to the current overcapacity of glass in China, coupled with the overall slowdown in the growth of the real estate and automotive industries in the glass industry, the demand for the glass industry has a greater impact.
The data show that in early September, the inventory of glass products was 27.64 million weight cases, which was an increase of 11.0% year-on-year and an increase of 0.2% from the previous month, which was slightly higher than the record high in early 2008. Inventories declined after rebounding in the off-season in July, but rose slightly again in early September. In early September, inventory/effective capacity ratio was 11.3. There was no sign of a significant increase in demand for glass last week. The current market is relatively stable, with mid-stream and downstream customers making appropriate purchases, and most customers including distributors and processors maintain on-demand procurement operations. Manufacturers’ inventory remains high.
In fact, the glass company's first half of the day is not good, and the third quarter is also not optimistic. According to the data, the company's flat glass output of 366 million weight boxes was above a year-on-year decrease of 3.1%. In the first half of this year, flat glass manufacturing industry lost 490 million yuan in profits, a year-on-year decrease of 118.5%, and inventory increased by 26.1% year-on-year to 44.75 million weight boxes.
Flushing iFinD data shows that 11 listed companies in the Shenwan glass manufacturing industry achieved a total net profit of 368 million yuan in the first half of the year, a year-on-year decline of 73.71%. Seven companies out of 11 companies suffered a decline in performance and three companies suffered losses. The three companies that announced the performance of the first three quarters expect the net profit to decline by more than 50%.
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