The contradiction between the hottest glass indust

2022-08-08
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The glass industry has a comprehensive overcapacity, especially the industrial contradiction.

the overcapacity in the glass industry is not only a problem of cyclical, periodic and structural overcapacity, but a comprehensive overcapacity. The only solution is to reduce the capacity. The author predicts that the large-scale reshuffle of the glass industry (cold repair and shutdown of production lines) will come in the second and third quarters of next year. Before that, the situation of the glass industry will still be very serious, and the possibility of continued price decline is still very large

in terms of downstream demand, the downturn in the property market will become the norm, and China's property market will gradually change from "abnormal" to "normal". From the perspective of large cycle, the housing prices in the central areas of the four first tier cities in Beijing, Shanghai, Guangzhou and Shenzhen in 2013 were at least 10 times higher than those in 2003. The housing prices in the central areas of second tier cities in 2013 were generally times higher than those in 2003. From the perspective of money supply, the balance of broad money supply at the end of 2013 was 110.7 trillion yuan, compared with 22.12 trillion yuan at the end of 2003, an increase of only five times. It is obvious that the increase of house prices in the first and second tier cities has far exceeded the expansion of money. At the end of 2009, the housing price in Hangzhou was nearly twice as high as that at the beginning of the year. Such a large increase can only be expressed as "abnormal"

affected by the sluggish demand for downstream real estate, as of September 12 this year, the inventory of flat glass had reached 31.56 million weight boxes, a historical high. Although the spot price of glass was slightly adjusted in September, and the inventory decreased periodically, the domestic real estate situation in 2014 was bad. In addition, in some cases, the upstream supply was still loose. It is expected that the inventory will still rise significantly after the winter. In the fourth quarter and the second quarter of 2014, the glass inventory can also be used for sports and leisure such as snowboarding and surfboard. In the first quarter of 2015, the glass inventory will exceed the previous high point

the example profit of glass enterprises for drug delivery devices also fell to the freezing point. From January to July this year, the glass industry realized a profit of 6.99 billion yuan, including 1.47 billion yuan for flat glass and 2.78 billion yuan for processed glass. However, the profit from the variety of flat glass in the second quarter was only 140million yuan, down 90% from the first quarter. The profit of 140million yuan in the whole industry is even lower than that of the previous glass enterprise. Affected by the rising price of natural gas, the glass enterprises of the natural gas line in the industry suffer serious losses. Theoretically speaking, the third quarter should be the best time of the year, but the profit obtained is only half of that of the same period last year. After the crash, the market mentality became fragile, and every price adjustment would cause panic

Zhonghua glass () Department

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