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February 22, 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 2036 yuan/ton. Market prices in East China are running smoothly. Affected by cold weather, shipments of some companies have temporarily stalled; market prices in North China have not changed, and overall shipment performance is average. Some companies flexibly adjust price policies; the glass market in Central China is running smoothly, and logistics transportation has been severely restricted, and the market transaction atmosphere has turned light; market prices in Northeast China have increased within a narrow range, and downstream procurement performance has been lukewarm.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on February 22 was 1,824.16, up 0.12 from yesterday, or 0.01%.
Futures dynamics
According to data from Boduo, the opening price of FG2405, the main glass contract, on February 22, was 1666 yuan/ton, and finally closed at 1693 yuan/ton, an increase of 0.36% within the day. The highest intraday session was 1698 yuan/ton, the lowest was 1664 yuan/ton, with 488467 lots held, a month-on-month period of-25077 lots.
Today, the glass disk rebounded mainly in a narrow range. The intraday trading was mainly due to fluctuations in the overall commodity environment, and the news that production was restricted by coking coal companies in the afternoon followed a slight rebound. However, the fundamental logic of glass itself is still weak at present, and demand recovery after the holiday is limited. Coupled with the recent heavy snow in some areas, demand lags behind again. In the short term, the pressure above the glass will be high, and it may still be weak until the demand side improves.
market outlook
Today, the spot market performance in the float glass market is average. The price trend of the upstream soda ash market has declined, the production costs of glass companies have decreased, and the industry's profits have increased; the operating rate of downstream companies has not fully recovered, and some companies have certain spot inventories. Terminal demand continues to be weak, and the float glass market is expected to be weak in the short term. operation.
