Weak both in supply and demand for glass, with high inventories

NightAirdropper · 2026-03-28T05:15:41+00:00

Recently, glass supply has significantly contracted, with multiple production lines halted. The daily melting volume has decreased to 145,700 tons, and the capacity utilization rate is 72.69%. Although the peak season of "Golden March and Silver April" is approaching, demand has not improved noticeably. Sample companies' inventories have slightly decreased, but the de-stocking rate has slowed, and traders' inventory levels have increased significantly.

NightAirdropper

2026-03-28 05:15:41

Abstract generation in progress

Gelonghui, March 26 | According to GF Futures, the supply side of glass has recently contracted significantly, with multiple production lines shutting down. Last week, one production line each in Sichuan, Chongqing, and Guangdong was shut down, involving a capacity of 2,400 tons per day. This week, one production line in Shihezi Dejin has been ignited, involving a capacity of 800 tons per day. The current daily melting volume has dropped to 145,700 tons per day, with a capacity utilization rate of 72.69%. However, there has been no significant improvement in demand during the traditional peak season of “golden March and silver April.” As of March 26, the inventory of sample enterprises reached 73,622,000 heavy boxes, down 1.09% month-on-month, with a slowing rate of inventory reduction. As of March 19, the inventory of midstream distributors and traders in the Shihezi area has increased significantly, while the previous rapid rate of inventory reduction was driven by macro sentiment rather than real demand improvement.

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