Restocking makes glass prices rise

With the gradual recovery of demand after the holiday season, spot glass prices have risen to a certain extent, leading the glass plate to rebound against the market after the year. Yesterday, Jingjing Science and Technology [4.1410.11% fund research report] is a strong daily limit. It is understood that some glass manufacturers have started to raise prices after years. On February 15th, the price of Binzhou, Binzhou and Heyuan Qibin rose by 40 yuan/ton; on 16th, Jinjing Technology rose by 20 yuan/ton, the thick plate rose by 40 yuan/ton; on the 17th, Shandong Jurun Glass began to increase its price, while South China And other manufacturers in East China are also gradually adjusting prices. Bao Yanxin, an analyst at Orient Securities, said that due to the generally low inventory of glass before the Spring Festival this year, the seasonal restocking of downstream processing companies after the Spring Festival will also bring about an increase in glass prices. He expects the probability of price increase this year is greater than before, the range is expected to be 5-10 yuan / weight box. However, due to the fact that the market demand in the North has not really started yet, glass companies in Shahe, Hebei Province, are still watching and have not yet raised their prices. Before and after the Lantern Festival, with the return of migrant workers, construction of real estate began, and the demand for glass may have a recovery process from south to north, and the degree of recovery of demand will determine whether glass prices can rise effectively. After a long period of bleakness, this year is expected to be the year when the glass industry has reached the bottom. Currently, the PB valuation of the glass industry is at the bottom of history, and the growth rate lags behind other cyclical products.