The trend of the glass industry in the second half of 2024 is expected to face challenges, and the supply and demand pattern may be loose.

In the second half of the year, the overall glass supply is expected to remain stable, and the daily melting volume is expected to remain at 167,000-170,000 tons.

Some clear glass may be converted to tinted glass, resulting in a contraction in the overall supply of architectural glass. However, the supply and demand pattern may still be loose. If demand continues to fail to improve, supply pressure may be reflected in the accumulation of inventory and spot price reduction. Therefore, the improvement in glass demand in the second half of the year mainly depends on the actual effect of policies on the remaining guaranteed delivery projects. We can pay attention to the rhythm and situation of the transmission of policy expectations to reality in the future market. In the medium and long term, under the support of policies, there will be a certain pull on glass demand, especially in the peak season from the rainy season to the golden September and silver October, and marginal changes in demand can be closely tracked. However, considering the construction start-up to completion cycle of real estate and the difficulty of completing the existing guaranteed delivery buildings, it is expected that glass will hardly have an unexpected surge. It is expected that the price center of gravity range will be low, and may fluctuate in the range of 1450-1650 yuan/ton.

In addition, with the recovery of the global economy and the development of the manufacturing industry, the market demand for glass products continues to grow, especially driven by downstream application fields such as construction, automobiles, and photovoltaics. The market size of the glass industry continues to expand. At the same time, as consumers' requirements for product quality and environmental performance increase, the market demand for high-end, energy-saving, and environmentally friendly glass products is also increasing.

In summary, the glass industry will face challenges in the supply and demand structure in the second half of 2024. At the same time, benefiting from the recovery of the global economy and the development of the manufacturing industry, as well as the increase in market demand for environmentally friendly and high-performance glass products, the industry is expected to maintain a certain growth trend, but the specific performance still needs to pay close attention to the effect of policy implementation and the actual changes in market demand.