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January 23, 2024, 5:01 PM
Float glass market price
Analysis of float glass market
Today, the float glass market has stabilized and moved slightly. As of now, the spot market price of float glass is 2029 yuan/ton. Market prices in East China are stable, and individual companies flexibly adjust price policies; market prices in North China are operating smoothly, downstream purchasing sentiment has weakened, and prices of some glass models in Shahe have fallen; market prices in Central China are operating stably, and downstream purchasing mentality is more cautious; The overall downstream procurement volume in South China is still acceptable, supporting stable market prices.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 11 was 1,812.31, down 0.58 from yesterday, or 0.03%.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 11 was 1767 yuan/ton, and finally closed at 1773 yuan/ton, with a maximum of 1795 yuan/ton and a minimum of 1745 yuan/ton, holding 618656 positions.
market outlook
Trading in the float glass spot market was flat today. The upstream soda ash market has continued to decline, which has weak support for glass costs; the overall production and sales of glass companies are still acceptable, and market inventories have fallen again; some downstream companies are rushing to work, and there is certain support on the demand side. It is expected that the float glass market will remain stable in the short term.
