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February 6, 2024, 4:37 PM
Float glass market price
Analysis of float glass market
Today, the float glass market price is stable. 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, with most middle and lower reaches on holiday. Glass manufacturers are shipping slowly, and the market trading atmosphere is slightly cold; Central China The market prices are stable, and the price insurance policy of glass companies is still implemented; 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 6 was 1,819.04, which was the same as yesterday.
Futures dynamics
According to data from Duoduo Glass, the opening price of FG2405, the main glass contract, on February 6, was 1774 yuan/ton, and finally closed at 1798 yuan/ton, with a maximum of 1814 yuan/ton and a minimum of 1754 yuan/ton. The position was 428683 lots, a month-on-month increase of +7706 lots. Today, the overall performance of glass is relatively strong and volatile. The overall commodity market still follows the sentiment fluctuations of the A-share market. Recently, the China Securities Regulatory Commission has frequently introduced a series of plans to control malicious short selling. At the same time, the scope of Central Huijin's increase in holdings has been expanded to ensure market operations through various channels. The stock market today showed a strong rebound. The trend of most commodities generally follows stock market sentiment fluctuations, but since the stock market rebound is driven by the regulatory measures of the China Securities Regulatory Commission, the impact on absolute prices of commodities is relatively limited. The glass market currently lacks its own industry drive, and its short-term trend is mainly to fluctuate within a narrow range following changes in the macro environment.
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. Only a small number of transactions have been made in some areas. Most of the prices of float glass manufacturers are stable and the market supply is relatively sufficient. It is expected that the float glass market will operate weakly in the short term.
