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January 23, 2024, 4:58 PM
Float glass market price
Analysis of float glass market
Today, the float glass market is up. As of now, the spot market price of float glass is 2027 yuan/ton. Market prices in East China are operating smoothly, and purchasing sentiment in the downstream market is still acceptable; market prices in North China have risen slightly, glass manufacturers 'inventories are low, downstream purchasing atmosphere is good, and prices in Shahe area have increased; market prices in Southwest China have risen within a narrow range, and production and sales of enterprises have basically maintained a balance; market prices in South China have temporarily stabilized, and there is a certain demand for replenishment in the downstream. The overall trading atmosphere is still acceptable, and Guangdong's small board prices have increased.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 9 was 1,810.51, up 5.2 from yesterday, or 0.29%.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 9 was 1870 yuan/ton, and finally closed at 1866 yuan/ton, with a maximum of 1891 yuan/ton and a minimum of 1843 yuan/ton, holding 769833 positions.
market outlook
Trading in the float glass spot market was flat today. The upstream soda ash market is trending downward, and the market supply is relatively sufficient; the downstream market demand remains strong in the south and weak in the north, and the market procurement demand is differentiated. Most companies have raised their offer prices. The downstream procurement mentality is more cautious. It is expected that the float glass market will remain stable in the short term.
