Recently, the float glass futures and spot prices have fluctuated, and they have risen significantly in the short term. A reporter from China Securities Journal learned from various researches that the ex-factory price of mainstream float glass manufacturers is currently around 2,400 yuan/ton, which is about 1,600 yuan/ton in the same period last year. Compared with the same period last year, the current price is at a high level.
Regarding the reason for the price increase, an executive of a listed company told a reporter from China Securities Journal that August and September are the traditional peak seasons for the glass industry, and the recent price increase is largely related to traders' stockpiling of goods in advance. In addition, frequent downstream real estate policies have boosted market expectations for the glass industry.
더 높은 가격
"In the second half of last year, the price of glass represented by float glass dropped significantly, and it was at a trough throughout the second half of the year. Since the beginning of this year, glass prices have shown signs of rebound compared with the second half of last year. The highest price appeared around May, once exceeding 2200 Yuan/ton. 그 이유 for the price increase in may was that traders concentrated on hoarding and speculation, and the inventory of glass manufacturers dropped sharply. Subsequently, some companies did not hesitate to cut prices in order to sprint their performance in the first half of the year. All the way down." The relevant person in charge of a head float glass listed company told reporters.
With regard to the recent fluctuations in the price of float glass, several insiders of listed companies told reporters that the price increase is mainly due to positive expectations. Since late July, favorable policies for the real estate industry have continued, and the most important downstream industry of float glass is real estate. The real estate industry is known as the "Golden September Silver October" peak season cycle. 유리 is one of the 중요한 건물 재료, and middlemen and traders will stock up in advance, resulting in the peak season cycle of glass being earlier than that of the real estate industry.
Cui Yuping, a glass analyst at Zhuo Chuang Information, said in an interview with reporters that starting from August 1, some enterprises will implement the new national standard, which is also one of the reasons for the rise in glass prices. In addition, local production is greatly affected by heavy rainfall, which also boosted prices.
"The demand for real estate and related interior and exterior decoration and furniture accounts for about 70 percent of the total demand for float glass. There are many factors affecting the price of float glass. In addition to the most basic changes in supply and demand, it will also be affected by policies, weather, costs, busy farming, etc. On the demand side, orders from downstream processing plants have increase since July, and prices are expected to rise to a certain extent in August, but the increase will be relatively limited, and the focus is on demand-side support, especially the situation of guaranteed delivery buildings." Cui Yuping told reporter.
그 산업 일반적으로 믿는 그 그 메인 게임 포인트 of float glass is still the 회복 of long-term demand. 인 그 미디엄 및 롱 텀, 유리 가격 5월 가지다 a 확실한 상향 모멘텀.
비용 예상 예정 to be 감소됨
The East China Sea Futures Research Report shows that in the medium and long term, the supply of soda ash may increase, and the maintenance companies in the early stage will 점진적 recover. In August, the amount of maintenance newly added to the maintenance plan of soda plants is less than that in July, and the tense situation on the supply side of soda ash will ease.
With regard to the market outlook, analysts in the industry believe that the soda ash industry plans to add 7.8 million tons of new production capacity in the second half of the year, and the supply pressure is relatively high. in the in intensive maintenance season from July to August, the industry's start-up load rate decreased. 이후 9월, the start-up load rate of the soda ash industry is expected to increase, and the industry's supply pressure in the fourth quarter is relatively high. in the second half of the year, the most important factor affecting the soda ash market is the supply side. In the context of the concentrated launch of new production capacity, the downward pressure on the soda ash market is relatively high, 그리고 가격 5월 변동 하락.
"It takes about 0.22 tons of soda ash to produce 1 ton of glass. in the short term, the price of soda ash will rise, which will increase the production cost of float glass to a certain extent, but the impact is relatively limited." Cui Yuping told reporters.
나쁨 성능 in the first half
영향을 받는 by factors such as the overall low glass sales price in the first half of the year, the performance of listed companies in the glass industry generally performed poorly in the first half of the year.
Yaopi Glass' performance in the first half of 2023 is pre-loss. The company expects that the net profit loss attributable to shareholders of listed companies in the first half of 2023 will be about 100 million yuan, compared with the profit of 25.5959 million yuan in the same period last year; it is expected that the first half of 2023 will be attributable to the parent company. 그만큼 순 이익 손실 후 공제 비반복적 이익 및 손실 was about 120 million yuan, compared with a loss of 26.6346 million yuan in the same period last year.
Regarding the reasons for the performance changes, Yaopi Glass stated that in the first half of 2023, the main reason affecting the loss of the main business is that the downstream real estate industry demand for the company's float glass business segment is still weak, the sales volume of float glass has declined, and the inventory continues to accumulate. the average sales price is lower than that of the same period last year; at the same time, the price of main raw materials and fuels is at a high level. Although it bebegin to fall in the second quarter, the speed of glass inventory depletion is relatively slow, and the average inventory cost is still higher than that of the same period last year. Resulting in a loss in the 회사's 순 이익.
Hainan Development expects that the net profit attributable to shareholders of listed companies in the first half of 2023 will be a loss of 45 million to 57.29 million yuan, compared with a loss of 57.2866 million yuan in the same period last year. The main reason for the change in performance is that the price of photovoltaic products fell in the current period, and the company's average sales unit price fell by about 16 percent , resulting in a sharp drop in the gross profit margin of the company's photovoltaic products in the current period compared with the same period last year.
Three Gorges New Materials expects that the net profit attributable to shareholders of listed companies in the first half of 2023 will be about -18 million yuan. After deducting non-recurring profit and loss items, it is estimated that the net profit attributable to shareholders of listed companies in the first half of 2023 will be around -21 million yuan. The main reason for the loss in this period's performance is that in the first quarter of 2023, the sales price of the company's leading product float glass fell year-on-year-on-year, resulting in a net profit loss of 80.2342 million yuan attributable to shareholders of listed companies; Material prices fell year-on-year-on-year, and loss in the first half of 2023 narrowed significantly.