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February 7, 2024, 4:00 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 7 was 1,819.04, which was unchanged from yesterday.
Futures dynamics
According to data from Duoduo Glass, the opening price of FG2405, the main glass contract, on February 7, was 1794 yuan/ton, and finally closed at 1822 yuan/ton, with a maximum of 1827 yuan/ton and a minimum of 1784 yuan/ton. The position was 401642 lots, with a month-on-month ratio of-27041 lots. As the holiday is approaching, the glass disk is mainly due to the outflow of funds from reducing positions. Due to the higher correlation between glass and real estate building materials, there are more macro funds in the market positions, and today's trend is mainly to follow the fluctuations of the overall market environment. As the pressure on glass warehouses begins to appear during the Spring Festival holiday, it is necessary to focus on observing downstream resumption of work and order receipt after the holiday. In addition, after the holiday, the market may trade decisions at various meetings of the central government, etc., and need to pay attention to the changes in macro expectations at each time point.
market outlook
Today's float glass market shipments performed generally. The Spring Festival is approaching, and most merchants have already had a holiday. There are few transactions in the float glass spot market, and the prices of raw sheets are mostly stable. It is expected that the float glass market will operate weakly in the short term.
