[Float Glass]2.18 Float Glass Daily Review: Returning from the holiday, the focus of transactions in the float glass market has shifted upwards

Float glass market price

Analysis of float glass market

Today, the float glass market is up. As of now, the spot market price of float glass is 2027 yuan/ton. Market prices in East China have risen within a narrow range, with transaction prices of some glass companies in Anhui and Shandong rising; the number of new orders transactions in the North China market is still acceptable, and the prices of companies in the Beijing-Tianjin-Tangshan and Shahe regions have mostly increased; the glass market in Central China has risen, and the number of shipments in Hubei has been large, and the overall shipments have exceeded 100; market prices in South China have remained stable, output has increased compared with the previous period, and overall shipments have been weak.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on February 18 was 1,822.42, up 3.38 from the previous working day, or 0.19%.

Futures dynamics

During the Spring Festival holiday, the supply of glass increased slightly, while the holiday on the demand side basically stagnated. During this period, manufacturers accumulated nearly 15 million weight boxes. Overall inventories rebounded to around 52 million weight boxes, but the absolute volume is still at a neutral and low level year-on-year. In addition, macro sentiment rebounded before the holiday, coupled with the latest announcement that China's social finance growth greatly exceeded expectations, and the gap between M1 and M2 scissors narrowed. China's macro economy was driven by further recovery. Although overseas inflation data fell less than expected, the impact on Chinese commodities was relatively limited. There have been signs of price increases since the resumption of work in the spot market. It is expected that the post-holiday market will mainly fluctuate due to macro sentiment and the overall market environment.

market outlook

Today's float glass market shipments performed well. After returning from the holiday, most glass companies have resumed normal production, but downstream factories have not fully resumed work. The demand side is weak. The overall inventory of the glass market has increased. It is expected that the float glass market will operate steadily in the short term.