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January 24, 2024, 4:40 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 2016 yuan/ton. Market prices in East China have temporarily stabilized, downstream wait-and-see sentiment is strong, and overall market shipments are average; market prices in North China have increased slightly, and the price of 5mm large slabs in Shahe has increased again; market prices in Central China have stabilized, and market prices in Hubei have dropped slightly; market prices in South China have fallen again. Companies have implemented more promotional policies and offered discounts according to volume, and prices in Fujian have dropped significantly.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on January 24 was 1,803.44, up 1.24 from yesterday, or 0.07%.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on January 24 was 1810 yuan/ton, and finally closed at 1825 yuan/ton, with a maximum of 1860 yuan/ton and a minimum of 1793 yuan/ton, holding 472456 positions.
market outlook
Today's float glass shipments performed average. The trend of the upstream soda ash market is weak and stable, and the glass cost support is acceptable; regional demand in the glass market is quite different. In some regions, downstream demand is acceptable, and industry inventories remain low, which provides certain support for prices. It is expected that the float glass market will fluctuate in the short term.
