10.23 | Jubo Info: Glass softens in North & East China, spot fluctuates steadily. Al edges down, destocking continues.

聚 玻 头 条

JUBO  Morning Lens

Headline one

Recently, the ignition ceremony for the second photovoltaic glass furnace of Xinyi Solar’s Indonesia project was grandly held at the JIIPE Special Economic Zone in Indonesia.

Float Glass｜Price Market Quotations

National Average Price of Float Glass

• 10.22: National reference spot price of float glass stood at RMB 1,054 RMB/ton, unchanged from Oct 21.

• 10.22: Glass futures contract FG2701 closed at RMB 828 RMB/ton, 

  down 15 RMB/ton from Oct 21.

Average Prices of Float Glass by Region

• North China: Quotations for some large and small boards in Shahe have eased slightly, while overall trading volume remains acceptable.

  
  

• East China: Some manufacturers are offering discounts on shipments, leading to a modest price decline in the Zhejiang region.

  
  

• Central China: There is a discrepancy between production, sales, and inventory levels at the manufacturer, with overall slight inventory reduction.

• South China: Downstream demand is primarily driven by essential needs, while regional shipments have shown slight sluggishness.

PV Glass｜Price Market Quotations

Average Prices of 3.2mm Photovoltaic Glass by Region

Average Prices of 2.0mm Photovoltaic Glass by Region

• China’s photovoltaic glass market remained weak and stable, with flexible negotiations between buyers and sellers. Market sentiment varied, and manufacturers adjusted offers on a stable basis. Fundamentals lacked upward momentum for now; photovoltaic glass prices are expected to fluctuate mildly in the short run.

Soda Ash｜Price Quotations

Light Soda Ash Prices by Regions

Heavy Soda Ash Prices by Region

• 10.22: The operating rate of domestic soda ash units was 66.76%, 

  rising by 0.23% from 66.53% on Oct 21.

• China’s soda ash market trended steadily with fluctuations. Dense soda ash prices in Northwest China drifted lower narrowly, and overall trading was acceptable. Downstream players kept moderate restocking, and inventory destocking progressed well. Most transactions were concluded at lower prices; soda ash prices are projected to swing within a narrow band shortly.

Fuel｜Petroleum Coke、LNG

National Average Price of Petroleum Coke

• Current average market price recorded is 3,532 RMB/ton.

National Average Price of LNG

• Current average market price recorded is 7,018 RMB/ton.

Aluminum｜Aluminum Ingot

• Domestic spot aluminum ingot prices kept climbing while overall trading stayed weak. In Foshan, holders prioritized cash realization and cut prices for sales, and downstream inquiries were muted. Bearish sentiment prevailed in East China, where the market fluctuated weakly.

Aluminum｜Aluminum Profile

• SHFE Aluminum oscillated at high levels domestically, spot prices still edged up, and spot trading performance diverged. The sector continued destocking. For aluminum rods, enterprises purchased cautiously, and holders slightly cut processing fees. For aluminum billets, downstream restocking was rigid-demand driven, and overall trading was mediocre.