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January 23, 2024, 5:06 PM
Float glass market price
Analysis of float glass market
Today, the float glass market is stable and declining. As of now, the spot market price of float glass is 2024 yuan/ton. Market prices in East China are running smoothly, and downstream factories are rushing to work and save. Shipments in some areas have dropped due to snowfall; market prices in North China have fallen again, downstream purchasing sentiment is relatively flat, and overall shipments of enterprises are average, with prices in Beijing, Tianjin, Tangshan and Shahe regions. Prices have been lowered; market prices in Central China are operating stably, and individual companies have performed well with flexible price adjustment policies; Market prices in South China are stable and trading sentiment is good. Guangdong's first-line 1000 tons resumed production today.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 16 was 1,802.36, down 5.37 from yesterday, or 0.3%.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 16 was 1726 yuan/ton, and finally closed at 1747 yuan/ton, with a maximum of 1770 yuan/ton and a minimum of 1726 yuan/ton, with 519748 positions held.
market outlook
Trading in the float glass spot market was flat today. The upstream soda ash market has sufficient supply and a sluggish price trend, which has poor support for glass costs; the downstream real estate industry has entered a seasonal off-season, and the rush to work before the year was coming to an end. Most of the purchases in the market are based on just-needed needs, and the float glass market is expected to operate in a weak manner in the short term.
