Xinyi Glass (00868) fell by more than 4%. At press time, it was down 4.13% to HK$7.9, with a turnover of HK$93.4487 million.
The Zhitong Finance App learned that Xinyi Glass (00868) fell by more than 4%. As of press release, it was down 4.13% to HK$7.9, with a turnover of HK$93.4487 million.
According to the news, according to Zhuochuang information, the average price of domestic float glass was 1,729.05 yuan/ton last week, down 15.18 yuan/ton from the average price of the week before the holiday season (1744.23 yuan/ton), a decrease of 0.87%, and the month-on-month decline narrowed. On the supply side, individual production lines still have cold repair plans during the month, and production capacity and output are expected to be reduced in some regions, but overall supply is still high.
Debon Securities believes that the industry may show a tight balance between supply and demand rising in 24 years. Under the current float glass production capacity replacement policy, it is becoming more and more difficult, and the industry has entered the stock production capacity game stage; in the short term, production lines have resumed, and production capacity of float glass is close to a historically high level, and supply-side pressure may be prominent in the off-season. However, under the impetus of the “building guarantee” policy, float glass may have seen a trend of rising both supply and demand in '24.