Float glass market adjusts narrowly

Float glass market adjusts narrowly

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is mainly adjusted in a narrow range. Among them, North China performed differently due to fluctuations in market sentiment. Prices of 5mm large and small boards in Shahe were slightly lowered, with a low focus of transactions, while prices in the Beijing-Tianjin-Tangshan region continued to move upwards; prices in East China and Zhejiang region were increased by 30 yuan/ton to 1590 yuan/ton, downstream processing companies mainly prepare goods in the early stages of digestion; quotations in some areas of South China increased, and the trading atmosphere was still good; prices in other areas were generally stable and shipments were average. At present, the sentiment in the float glass market fluctuates greatly, and the support brought by the industry's continued production cuts is still in place. The performance of various regions is slightly different, the increase and decrease of regional inventories are uneven, and the downstream purchasing mentality is relatively cautious.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on November 15 was 1,291.16, down 3.64 from the previous working day, with a range of-0.28%.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on November 15, was 1290 yuan/ton, and finally closed at 1258 yuan/ton, an increase of-4.12% within the day. The intraday high was 1301 yuan/ton, the lowest was 1254 yuan/ton, holding 1082399 lots, a month-on-month-on-month-

Glass futures prices fell sharply today. On the one hand, the global monetary policy space was suppressed mainly due to the Federal Reserve Chairman's hawkish remarks last night, which caused the rate of interest rate cuts to slow down again, and the overall market macro sentiment fell further. On the other hand, with the continuous repair of manufacturers 'profits recently, the cold repair path has been disrupted and fundamental support has weakened. As futures prices weaken, negative feedback such as midstream selling pressure has also followed. In the follow-up, glass may temporarily maintain low prices and weak shocks, waiting for the release of market sentiment and the transmission of negative feedback in the middle reaches of this round to an end.

market outlook

Some production lines in the float glass market are expected to undergo cold repairs, and the start of construction will drop slightly; under the influence of weakening market sentiment and cooling weather, production and sales will gradually slow down. It is expected that spot market prices will be mainly adjusted in a narrow range in the short term.