8.15 | Jubo Weekly: Float‑glass line restarts; slight destocking, weak market, futures new lows. SHFE Al swings, thin trade.

Float Glass｜Price Adjustment Information

8.15

• Yibin Yaohua: Plans to raise prices of all clear glass products by RMB 15/ton.

Float Glass｜Production Line Dynamics This Week

8.10

• Hubei Three Gorges Line 3 (designed capacity: 600 t/d) switched production from clear glass to Ford Blue glass, feed‑in completed.

8.12

• Kibing Pinghu Line 1 (designed capacity: 600 t/d) resumed production with ignition.

Float Glass｜Price Market This Wee

National Average Price of Float Glass

• The main glass futures contract FG2609 trended downward amid volatility. Spot prices faced pressure, with the overall transaction centre moving lower. On the supply side, one production line was ignited and another underwent product conversion, lifting the comprehensive operating rate slightly. Caution prevailed across the market; mills adjusted quotes flexibly for shipments. Downstream buyers mainly purchased to meet rigid demand. Production‑sales balance was roughly maintained and industry‑wide inventories edged down. Fundamentally, oversupply persisted, and the float‑glass spot market is expected to consolidate weakly in the short term.

• Glass inventories kept narrowing down this week. Total inventory of sampled national float‑glass enterprises stood at 74.47 million weight boxes, down 0.428 million weight boxes week‑on‑week (-0.57%), up 17.41% year‑on‑year.

Average Prices of Float Glass by Region

• North China：Due to rainfall impacts, overall transaction volumes have weakened; some manufacturers have lowered prices to boost sales, while inventory levels in North China continue to rise.

• East China：Due to the impact of Typhoon, shipping speeds in East China have slowed down, with only a few manufacturers achieving strong sales performance.

• Central China：Manufacturer inventory levels vary; some quotations have been adjusted upward or downward, while the market remains stable with a range-bound trend.

  
  

• South China：Market prices first rose before falling; overall transaction performance was acceptable, while regional inventories continued to decrease.

• Northeast China：Some midstream and downstream enterprises have experienced favorable restocking conditions, overall trading activity has improved, and the market is operating steadily.

• Southwest China：Market procurement sentiment remains cautious; some manufacturers exhibit more flexible shipping policies, while transaction volumes vary across different regions.

• Northwest China：Local demand remains weak, and the overall trading atmosphere is subdued.

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 prices stabilized this week. Downstream purchasing improved and total turnover picked up. Typhoons slowed deliveries in East China and other regions. New production‑cut measures have not yet materialized with market caution lingering. PV‑glass prices are projected to stay steady short‑term.

Soda Ash｜Unit Dynamics This Week

Units including Inner Mongolia Chemical, Jiangsu Shilian, Southern Soda Industry, Shandong Haihua and Jiangsu Huchang underwent maintenance with reduced output; Ningxia Risheng increased production.

Soda Ash｜Price Market This Week

Light Soda Ash Prices by Regions

Heavy Soda Ash Prices by Region

• The weekly operating rate of domestic soda‑ash plants reached 76.15%, down 2.21 percentage points from 78.37% in the prior week. Soda‑ash output hit 725 300 tons, falling by 21 100 tons or 2.82% week‑on‑week. Total manufacturers’ inventories stood at 1.8567 million tons, rising 7 200 tons (+0.39%) week‑on‑week.

• The soda‑ash market was dull and stable. Light and dense soda‑ash prices slipped in some regions and overall turnover was mediocre. Mid‑stream and downstream players stayed cautious with low stockpiling appetite; most deals closed at lower prices. The supply‑heavy, demand‑weak pattern remained largely unchanged. Soda‑ash prices are expected to see minor fluctuations around current levels.

Fuel｜Petroleum Coke & LNG

National Average Price of Petroleum Coke

• Domestic petroleum‑coke prices fluctuated within a range with acceptable overall trading.

• Major refineries mostly held firm quotes, prioritizing order fulfilment while certain grades tightened in supply. Independent refineries showed diverging regional performance with mixed price revisions.

• Lacking strong upward fundamental drivers, petroleum‑coke prices are forecast to move narrowly sideways.

National Average Price of LNG

• Among 133 domestic LNG plants, 65 are under maintenance, suspended production, suspended quotation or for internal sales only, with the overall external operating rate at 51%.

• The domestic LNG market consolidated this week. Producers posted mixed quotes and prices edged up modestly. Supported by costs, sellers tended to hold prices firm amid muted trading. Typhoons and rainfall slowed deliveries across many areas; some plants cut prices for destocking while local trading rebounded. Anticipation for the next round of feed‑gas bidding kept participants cautious. LNG prices are expected to swing within a range.

Aluminum｜Aluminum Ingot

• Domestic spot prices rose then fell. Key regions consolidated. Merchants adjusted processing fees within a narrow band and trading performance diverged. Bearish sentiment built toward the weekend in Foshan; downstream restocking remained limited in Wuxi.

Aluminum｜Aluminum Profile

• According to SMM statistics, domestic social inventory of primary aluminum totalled 876 000 tons, dropping 44 000 tons week‑on‑week.

• Domestic SHFE Al futures and spot prices advanced then retreated. End‑user trading varied and the industry achieved mild destocking. Merchants adjusted processing fees for aluminum billets; downstream buyers made dips‑driven restocking for aluminum rods. Overall demand stayed sluggish. Domestic aluminum prices are expected to fluctuate in ranges in the near term.