Nanhua Futures: Glass Production and Sales Temporarily Weak, Considering Macro and Sentiment Impact

K-LinePoet · 2026-03-24T20:13:21+00:00

As of March 2026, the national float glass sample enterprise inventory reached 79.637 million heavy cases, up 4.77% month-on-month. Market demand remains weak, with production and sales still in recovery phase, raising concerns that high midstream inventory could create spot pressure. Supply expectations normalization and furnace maintenance situations make it difficult for glass prices to rise, with attention needed on how macroeconomic factors impact market sentiment.

K-LinePoet

2026-03-24 20:13:21

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As of March 2026, the total inventory of float glass sample companies nationwide is 79.637 million heavy boxes, an increase of 3.629 million heavy boxes (+4.77%) compared to the previous period, and a year-on-year increase of 14.51%. The inventory days are 35.3 days, up 1.5 days from the last period. Currently, glass production and sales are temporarily weak, and the market is still in the recovery phase. The cold repair of float glass is ongoing, and daily melt continues to decline. However, high midstream inventory has always been a market concern because once negative feedback occurs, spot pressure can be very intense, and downstream may be unable to absorb it. Additionally, news about ignition and cold repair continues to emerge, with many new lines awaiting ignition in Shahe. The expected return of supply and high midstream inventory limit the height of the glass market. Besides the fundamentals, macroeconomic factors and market sentiment should also be considered, as they may influence the market dynamics.

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