8.29 | Jubo Weekly: Glass spot soft‑lower, trade weaker, mild de‑stocking; SH‑Al firm‑volatile, spot mixed, inventory draws.

Float Glass｜Price Adjustment Information

8.30

• Jilin Yingxin: Plans a RMB 2 per weight‑box price hike for Jilin and Heilongjiang regions.

Float Glass｜Price Market This Wee

National Average Price of Float Glass

• This week, the main glass futures contract (FG2701) fell first then rebounded, while spot prices edged down narrowly. On the supply side, no production‑line adjustments took place and the composite operating rate stayed broadly stable. Downstream purchasing sentiment remained sluggish. Producers adopted flexible pricing across regions, with overall production‑sales ratios hovering around break‑even. The industry posted modest inventory draw‑downs; glass spot is expected to stay weak in the short term.

• Glass inventories kept declining this week. Total inventories of sampled domestic float‑glass producers stood at 74.049 million weight boxes, down 0.365 million weight boxes or 0.49% week‑on‑week, and up 18.35% year‑on‑year.

Average Prices of Float Glass by Region

• North China：Shahe producers cut quotations. Downstream buying interest was poor, leading to slight local inventory build‑ups.

• East China：Producers were eager to ship goods. Pressured by low‑cost external supplies, select offers in Zhejiang, Shandong and other areas moved lower. East China saw sound inventory de‑stocking.

• Central China：Trading performance varied slightly across sub‑regions; overall turnover was soft and spot prices remained steady.

  
  

• South China：Shipments were constrained by rainfall; some producers offered price concessions.

• Northeast China：Downstream purchasing was moderate and trading pace slowed.

• Southwest China：Producers showed divergent shipment rhythms. Production‑sales stayed in weak balance with narrow‑range inventory draws.

• Northwest China：Limited local demand kept the market weak.

PV Glass｜Price Market This Week

Average Prices of 3.2mm Photovoltaic Glass by Region

Average Prices of 2.0mm Photovoltaic Glass by Region

• Domestic PV‑glass spot traded steadily this week with acceptable overall turnover. Output stayed stable on the supply side. Downstream buyers made periodic restocking and manufacturers maintained shipments, driving steady inventory declines. Fundamentals remained weak on both supply and demand sides amid prevailing wait‑and‑see sentiment. PV‑glass market is projected to fluctuate around stable levels short‑term.

Soda Ash｜Unit Dynamics This Week

Tongbai Haijing resumed operation; Boyuan Yingen lifted output. Jiangxi Jinghao, Hubei Xindu and Xuzhou Fengcheng cut operating loads.

Soda Ash｜Price Market This Week

Light Soda Ash Prices by Regions

Heavy Soda Ash Prices by Region

• Domestic soda‑ash operating rate reached 80.44% this week, rising 2.13% from 78.31% a week earlier. Soda‑ash output hit 766 200 tons, up 20 400 tons or 2.72% week‑on‑week. Total producer inventories stood at 1.8727 million tons, gaining 27 800 tons or 1.51% week‑on‑week.

• Soda‑ash prices moved in a narrow range this week, with light‑soda‑ash prices higher in some localities. Mid‑stream and downstream purchased as‑needed while manufacturers prioritized shipments, and outstanding order books expanded. Higher output plus slow shipments at some plants caused mild inventory accumulation. Soda‑ash prices are expected to remain broadly stable with minor swings.

Fuel｜Petroleum Coke & LNG

National Average Price of Petroleum Coke

• Domestic petroleum‑coke prices adjusted within a range this week with divergent regional production‑sales performance.

• Major refineries maintained steady shipments; some coke prices edged higher. Independent refineries showed mixed local performance with notable gaps across product specifications, and coke prices rose and fell alternately. Higher costs offered partial price support for sellers.

• Buyers remain somewhat cautious. Petroleum‑coke market is forecast to fluctuate steadily in the near term.

National Average Price of LNG

• Among 133 domestic LNG plants, 68 were under maintenance, shut‑down, non‑reporting or for internal sales only, bringing the overall external operating rate to 49%.

• Domestic LNG market oscillated this week with mixed regional offers and accelerated overall price increases. Typhoon‑related transport disruptions, cost support and reduced supply prompted most plants to raise quotations. Some buyers made periodic restocking, yet underlying demand stayed soft. Strong wait‑and‑see sentiment prevails; LNG is expected to trade within a range near‑term.

Aluminum｜Aluminum Ingot

• Domestic spot aluminium prices trended upward amid volatility with weak overall trading. In Foshan, downstream performed rigid‑demand restocking and merchants adjusted processing‑fee brackets. Wuxi market stayed weak‑stable; inventories kept falling and market supply remained controllable.

Aluminum｜Aluminum Profile

• According to SMM statistics, domestic social inventory of primary aluminium totalled 821 000 tons, down 28 000 tons week‑on‑week.

• Domestic aluminium futures staged low‑level repairs with repeated rally‑retreat swings; spot prices moved higher in volatility. Regional trading diverged and downstream mostly restocked on dips. Persistent macro uncertainties linger; domestic aluminium spot prices are expected to fluctuate in a wide range in the short run.