89,516
January 23, 2024, 5:09 PM
Float glass Shahe market prices continue to fall
Float glass market price
Analysis of float glass market
Today, the float glass market is operating weakly. As of now, the spot market price of float glass is 2023 yuan/ton. Market prices in East China remained stable, and corporate shipment prices were flexibly adjusted; market prices in North China continued to be weak, and on-site trading performance was flat. Prices in the Beijing-Tianjin-Tangshan markets were temporarily stable, and prices of individual companies in the Shahe region were lowered; market prices in Central China were stable, and on-site inventories remained low; market prices in South China were stable, and downstream purchasing mentality was more cautious.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 18 was 1,800.31, down 1.38 from yesterday, or 0.08%.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 18 was 1734 yuan/ton, and finally closed at 1740 yuan/ton, with a maximum of 1765 yuan/ton and a minimum of 1714 yuan/ton, with 478222 positions held.
market outlook
Today's float glass spot transactions performed generally. Upstream soda market prices continue to fall, glass production costs fall, and corporate profits continue to rise; the float glass market supply is relatively sufficient, but the demand side performance is less than expected, and the spot transaction performance is tepid. It is expected that the float glass market will operate weakly in the short term.
