89,716
February 5, 2024, 4:06 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. Affected by cold and snowfall, glass shipments are mostly local; market conditions in North China are stable, operating rates of middle and lower reaches of enterprises continue to decline, glass manufacturers are slow to ship, and the market trading atmosphere is slightly cold; Market prices in Central China are temporarily stable, and the implementation of the price insurance policy of glass companies is still acceptable; market prices in South China are stable, and most of the trading markets have been on vacation.
Float Glass Index Analysis
According to Boduo data, the float glass price index on February 5 was 1,819.04, which was the same as yesterday.
Futures dynamics
According to data from Duoduo Glass: On February 5, the opening price of the main glass contract FG2405 was 1769 yuan/ton, and the closing price was 1779 yuan/ton. The highest value was 1803 yuan/ton and the lowest value was 1763 yuan/ton. The number of positions held during the day was 420977 lots, which was-15312 lots on the previous trading day. Today, the overall glass panel is mainly falling due to the market environment. Due to holidays of downstream deep processing companies and other reasons, its own orders have weakened, demand for original films has weakened, market production and sales have hardly improved, and short-term upward driving is insufficient. However, glass manufacturers 'own inventory structures are strong, combined with the support of real estate policies, and the market also lacks a significant downward drive. In the short term, the market may mainly operate with the shocks of the macro environment, but it is necessary to guard against the risk of increased intraday fluctuations caused by the imminent holiday increase and the withdrawal of funds.
market outlook
Today's float glass market shipments performed generally. The Spring Festival is approaching. Most middle and lower reaches of enterprises mainly collect money. There are fewer new orders in the glass spot market. Float glass prices are mostly stable and the market supply is relatively sufficient. It is expected that the float glass market will operate weakly in the short term.
