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Ministry of Industry and Information Technology: Rising raw fuel prices have pushed up the price of
Recently, the official website of the Ministry of Industry and Information Technology announced that the Raw Materials Department of the Ministry of Industry and Information Technology held a glass bottle price exchange meeting the day before yesterday. The conference felt that recent increases in demand and raw material prices had pushed up glass bottle prices. Regarding stable prices, the conference clearly pointed out that the company should find ways to increase production, improve the connection of the entire upstream, midstream and downstream industry chains, pay attention to the price changes of raw materials such as quartz sand, ammonium bicarbonate, and gas, and coordinate the entire upstream and downstream industry chains to ensure stable supply and prices，glasscookware.
Organizations participating in this conference include the Industrial Development Planning Department of the National Development and Reform Commission, the industry and information authorities of key provinces and their related industry associations and key companies.
Behind the above call for high yield and stable price is the price of glass bottles that has been increasing for a year. According to the data released by the National Development and Reform Commission’s Price Monitoring Station at the end of July, from May 2020 to June 2021, the average monthly transaction price of 5mm float photovoltaic glass increased from 32.51 yuan per square meter to 42.24 yuan per square meter, an increase of nearly 30%.
Glass futures prices also set a new record in history. Data from the Zhengzhou Commodity Exchange shows that in recent years, the price of China's glass futures futures contract has soared slowly, and then increased rapidly in May. On May 12, the price rose to 2,700 yuan/ton, and then the price was adjusted back to 2,500 yuan/ton. In July, the price rose again, hitting an intraday high of 3,079 yuan/ton on July 23, setting a new historical record.
"At the end of last year, the price of glass bottles has already risen to the highest level in the past ten years. In recent years, it has basically risen by about 50% after the ten-year high level." An analyst in the raw material market of a securities company said that the rising price Glass bottle manufacturers have generated great profits, but they have also had an impact on the mid-stream and downstream production and processing fields dominated by retail companies with fierce market competition. This is one of the reasons why the Ministry of Industry and Information Technology has clearly proposed stable prices at this stage.
According to data from the Ministry of Industry and Information Technology, in the first half of 2021, the main business income of Chinese enterprises above designated size in the field of photovoltaic glass increased by 46.2% year-on-year, and the total assets increased by 155% year-on-year.
This round of photovoltaic glass prices is mainly driven by the tightening fundamentals of supply and demand stocks. The real estate industry is the most important demander of photovoltaic glass. The above-mentioned analysts emphasized that the economic development incentive policies under the pneumonia epidemic have promoted the increase in the requirements for chain franchising in the real estate industry. According to data from the China Bureau of Statistics, from January to June, the total area of housing developed by real estate development companies was 364.81 million square meters, a year-on-year increase of 25.7%.
In terms of supply, "eliminating outdated production capacity" is the key current policy line encountered by China's glass industry in recent years. In 2009 and the "Twelfth Five-Year Plan" period, under the relatively loose macroeconomic policies, China's capital construction required high-tech enterprises, which promoted the production capacity of many laminated glass to increase, resulting in overproduction in the field. In 2016, the State Council issued an implementation opinion, which clearly stated that it was forbidden to apply for the filing of the new solar glass project before the end of 2020 to expand production capacity; the following year, the Ministry of Industry and Information Technology issued the implementation rules for the replacement of production capacity in the glass bottle industry, but it will cause serious environmental pollution. The replacement ratio of new projects in the prevention area and cross-regional production capacity replacement clearly proposes a higher regulation of 1.25:1.
"Under the correct guidance of the current policy, the company's irrational investment in laminated glass production capacity projects has been suppressed." The investment analysts feel that while the glass supply has been manipulated, the demand has continued to grow. The key reason for the rising price of glass.
In addition, the above-mentioned situation of the National Ministry of Industry and Information Technology believes that the price increase of raw materials has also pushed up the price of glass bottles. The product is made of quartz sand mixed with ammonium bicarbonate, and the key ingredients are gas and coal. In recent years, the prices of the above raw materials have shown an increasing trend. Regarding this matter, the Ministry of Industry and Information Technology of the People's Republic of China clearly stated that it is necessary to pay attention to the price changes of raw materials such as quartz sand, ammonium bicarbonate and gas, coordinate the entire upstream and downstream industry chains, ensure stable supply and prices, and build an excellent market environment.
Organizations participating in this conference include the Industrial Development Planning Department of the National Development and Reform Commission, the industry and information authorities of key provinces and their related industry associations and key companies.
Behind the above call for high yield and stable price is the price of glass bottles that has been increasing for a year. According to the data released by the National Development and Reform Commission’s Price Monitoring Station at the end of July, from May 2020 to June 2021, the average monthly transaction price of 5mm float photovoltaic glass increased from 32.51 yuan per square meter to 42.24 yuan per square meter, an increase of nearly 30%.
Glass futures prices also set a new record in history. Data from the Zhengzhou Commodity Exchange shows that in recent years, the price of China's glass futures futures contract has soared slowly, and then increased rapidly in May. On May 12, the price rose to 2,700 yuan/ton, and then the price was adjusted back to 2,500 yuan/ton. In July, the price rose again, hitting an intraday high of 3,079 yuan/ton on July 23, setting a new historical record.
"At the end of last year, the price of glass bottles has already risen to the highest level in the past ten years. In recent years, it has basically risen by about 50% after the ten-year high level." An analyst in the raw material market of a securities company said that the rising price Glass bottle manufacturers have generated great profits, but they have also had an impact on the mid-stream and downstream production and processing fields dominated by retail companies with fierce market competition. This is one of the reasons why the Ministry of Industry and Information Technology has clearly proposed stable prices at this stage.
According to data from the Ministry of Industry and Information Technology, in the first half of 2021, the main business income of Chinese enterprises above designated size in the field of photovoltaic glass increased by 46.2% year-on-year, and the total assets increased by 155% year-on-year.
This round of photovoltaic glass prices is mainly driven by the tightening fundamentals of supply and demand stocks. The real estate industry is the most important demander of photovoltaic glass. The above-mentioned analysts emphasized that the economic development incentive policies under the pneumonia epidemic have promoted the increase in the requirements for chain franchising in the real estate industry. According to data from the China Bureau of Statistics, from January to June, the total area of housing developed by real estate development companies was 364.81 million square meters, a year-on-year increase of 25.7%.
In terms of supply, "eliminating outdated production capacity" is the key current policy line encountered by China's glass industry in recent years. In 2009 and the "Twelfth Five-Year Plan" period, under the relatively loose macroeconomic policies, China's capital construction required high-tech enterprises, which promoted the production capacity of many laminated glass to increase, resulting in overproduction in the field. In 2016, the State Council issued an implementation opinion, which clearly stated that it was forbidden to apply for the filing of the new solar glass project before the end of 2020 to expand production capacity; the following year, the Ministry of Industry and Information Technology issued the implementation rules for the replacement of production capacity in the glass bottle industry, but it will cause serious environmental pollution. The replacement ratio of new projects in the prevention area and cross-regional production capacity replacement clearly proposes a higher regulation of 1.25:1.
"Under the correct guidance of the current policy, the company's irrational investment in laminated glass production capacity projects has been suppressed." The investment analysts feel that while the glass supply has been manipulated, the demand has continued to grow. The key reason for the rising price of glass.
In addition, the above-mentioned situation of the National Ministry of Industry and Information Technology believes that the price increase of raw materials has also pushed up the price of glass bottles. The product is made of quartz sand mixed with ammonium bicarbonate, and the key ingredients are gas and coal. In recent years, the prices of the above raw materials have shown an increasing trend. Regarding this matter, the Ministry of Industry and Information Technology of the People's Republic of China clearly stated that it is necessary to pay attention to the price changes of raw materials such as quartz sand, ammonium bicarbonate and gas, coordinate the entire upstream and downstream industry chains, ensure stable supply and prices, and build an excellent market environment.
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