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February 21, 2024, 4:37 PM
Float glass market price
Analysis of float glass market
Today, the float glass market is stable and moving slightly. As of now, the spot market price of float glass is 2034 yuan/ton. Market prices in East China are running smoothly, and logistics and transportation are slow due to the impact of cold weather; market prices in North China have not changed yet. Due to the impact of snowfall, the overall shipment transaction performance of the Shahe market is average; the glass market in Central China is running smoothly, and downstream companies are waiting and seeing. The mood is strong, and the number of new orders in the market is low; the market situation in South China is stable, downstream demand is weak, and shipments of glass companies are weak.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on February 21 was 1,824.04, which was unchanged from yesterday.
Futures dynamics
According to data from Boduo, the opening price of FG2405, the main glass contract, on February 21, was 1686 yuan/ton, and finally closed at 1669 yuan/ton, an increase of-2.11% within the day. The intraday high was 1717 yuan/ton, the lowest was 1662 yuan/ton, holding 513544 lots, a month-on-month +33472 lots.
Today, the glass disk continues to increase its position downward. Today's commodity market was greatly affected by the news. The news that the Shanxi Development and Reform Commission ordered large local coal companies to reduce production caused the dual-focus market to rise sharply. Black and coal chemical products were driven to rebound slightly. Coupled with market rumors that an important meeting formulated proactive policies, both markets surged higher. However, the impact of the news in the afternoon slowed down, some short essays proved false, and the logic of commodity trading returned from emotional release to rational fundamentals. Glass itself is in a period of growing supply and weak demand in the off-season. Due to the limited year-on-year recovery of terminal resumption after the centenary construction survey holiday, the recent heavy snow weather in some areas has caused demand to lag behind again. In the short term, pressure on glass will be greater, and before the demand side improves, it may be dominated by weak operation.
market outlook
Today, the spot market performance in the float glass market is average. The upstream soda ash market price is weak and stable, and the glass cost support is still acceptable; glass companies are currently profitable, most production lines have resumed work, and the market supply is relatively high; downstream companies have insufficient purchasing demand, and glass companies have increased warehouse accumulation. It is expected that the short-term float glass market is running weak.
