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January 23, 2024, 5:00 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 2029 yuan/ton. Market prices in East China are stable, and enterprises 'production and sales have basically maintained a balance; market prices in North China are operating stably, market inventories are low, downstream purchasing sentiment is strong, and prices in Shahe are stable and rising; market prices in Central China are operating stably, and enterprises' shipment performance is acceptable; Market prices in South China are rising slightly. Downstream companies are in a rush to work, with certain support from the demand side, and prices in Fujian have increased.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 10 was 1,812.89, up 2.38 from yesterday, or 0.13%.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 10 was 1867 yuan/ton, and finally closed at 1824 yuan/ton, with a maximum of 1874 yuan/ton and a minimum of 1754 yuan/ton, holding 667314 lots.
market outlook
Trading in the float glass spot market was flat today. The price of the upstream soda ash market is weak, and the pressure on production costs of glass companies has decreased; the prices of glass companies have stabilized and increased, and corporate profits have increased; there is a certain replenishment behavior in the middle and lower reaches, and there is a certain support on the demand side. It is expected that the float glass market will operate steadily in the short term.
