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January 23, 2024, 5:05 PM
Float glass market price
Analysis of float glass market
Today, the float glass market is operating in turmoil. As of now, the spot market price of float glass is 2029 yuan/ton. Market prices in East China are operating smoothly, and the overall production and sales rate of enterprises is still acceptable; market prices in North China have declined within a narrow range, downstream hoarding demand has weakened, glass manufacturers have performed generally, and prices of multiple models of glass in Shahe area have fallen; market prices in Central China have maintained stability, and individual companies have flexibly adjusted their prices and shipped better; market prices in South China have increased slightly, and downstream trading sentiment has been better. Some specifications of glass goods have tightened prices, and market prices in Fujian have increased.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 15 was 1,807.73, down 3.56 or 0.2% from the previous working day.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 15 was 1744 yuan/ton, and finally closed at 1732 yuan/ton, with a maximum of 1748 yuan/ton and a minimum of 1708 yuan/ton, holding 565363 lots.
market outlook
Trading in the float glass spot market was flat today. The upstream soda ash market has been falling and has poor support for glass costs; the real estate industry in the lower reaches of the north has entered a seasonal off-season, and the demand for glass is gradually decreasing; the downstream factories in the south are in the peak season for rush work, and there is certain support on the demand side. It is expected that the float glass market is running in a weak position in the short term.
