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February 1, 2024, 4:16 PM
Float glass market price
Analysis of float glass market
Today, the float glass market price is running smoothly. As of now, the spot market price of float glass is 2023 yuan/ton. Market prices in East China are stable, with large differences in shipments among companies; market conditions in North China are stable, and overall shipments of glass companies are still acceptable. In Hebei, there is a 1000-ton ignition for one kiln and two lines today; market prices in Central China are temporarily stable, glass companies have implemented their price-insured policies well, and there is a certain amount of stockpiling behavior in the downstream; market prices in South China are temporarily stable, and prices in Fujian have increased slightly.
Float Glass Index Analysis
According to Boduo data, the float glass price index on February 1 was 1,819.04, which was unchanged from yesterday.
Futures dynamics
According to data from Boduo, the opening price of the main glass contract M2405 on February 1 was 1835 yuan/ton, and finally closed at 1794 yuan/ton, with a maximum of 1842 yuan/ton and a minimum of 1768 yuan/ton, with 461816 positions held.
market outlook
Today's float glass market shipments performed generally. The price of the upstream soda ash market is stable, which supports the cost of glass. As the Spring Festival approaches, the sentiment of downstream factories to stock up has declined. Glass production and sales have weakened compared with the previous period, and futures prices have also fallen sharply. It is expected that the float glass market will operate weakly in the short term.
