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The traditional peak season is coming soon, what opportunities and challenges will the glass industry face?

2020-08-07

In 2020, under the impact of the "black swan" of the coronavirus, all industries, including the glass industry, have suffered considerable impact.

Due to the severe impact of the coronavirus, the average inventory level of float white glass from January to March exceeded 50 days, and the price dropped rapidly from a high of 1,800 yuan/ton to a historical low of 1,200-1300 yuan/ton. All float glass companies generally entered a state of loss. Especially in March-April, the market price of glass original films dropped by a cliff, and the central China area even dropped to the lowest price in five years of 53 yuan/heavy container. As the demand side is difficult to influence and exert force, under the coordination of the association, float glass companies jointly reduced production by 30% to stabilize market prices.

When the industry was crying, a company in Shandong took the lead to increase the price based on the high ex-factory price of 64 yuan/heavy container at that time. At the beginning, the industry was not optimistic about this wave of price increases, thinking it was just hype. However, the price hike has lasted for more than a few months! Companies that focus on high-end glass have advanced from the lowest ex-factory price to about 1,800 yuan/ton; on May 14, 2020, a company rose by 120 yuan/ton in a single day, which was more than ten years The highest price increase in a single day. It can be described as "rising"! Professor Niu Xiao believes: This is not a rise! Is returning to normal and reasonable prices!

IGU production line

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