Float glass market stable and declining

Float glass market stable and declining

Float glass market price

Analysis of float glass market

Today, the float glass market is stable and declining. Specifically, the market price of 5mm large plate float glass in North China has been lowered by 10 yuan/ton; the market price of 5mm large plate float glass in Shahe has been lowered by 20 yuan/ton. The market price of 5mm large float glass in other regions is stable. At present, transactions in the glass market are relatively flexible, downstream production companies are starting construction one after another, and the resource supply is relatively abundant. The impact of weather factors has weakened and logistics and transportation has improved. The overall performance of the demand side was weak, some players replenished stocks at a low level, and terminal demand was insufficient to follow up, and the market wait-and-see atmosphere remained unchanged.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on February 26 was 1,813.73, down 6.89 from the previous working day, or 0.38%.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on February 26, was 1693 yuan/ton, and finally closed at 1680 yuan/ton, an increase of-1.06% within the day. The intraday high was 1702 yuan/ton, the lowest was 1660 yuan/ton, with 4798806 lots held, a month-on-month period of 6128 lots.

Today, the glass disk fluctuates mainly within a narrow range due to the market environment. At present, the actual fundamentals of glass are still weak, and it is unlikely that the actual downstream demand and terminal resumption of work will be greatly boosted. However, downstream work gradually resumed after the holiday, and demand that was lagging behind by the weather in the early stage also showed signs of recovery. Production and sales in some areas rebounded significantly, but the sustainability of the improvement in production and sales needs to be considered. At present, the market is supported by the bottom of the downward channel. In the short term, it is recommended to wait and see the support situation near 1650 yuan and the actual demand for downstream resumption of work and replenishment.

market outlook

The overall performance of the spot market in the float glass market today is average. The upstream soda ash market has strong supply and weak demand, and market prices are under pressure and insufficient upward trend. At the same time, the inventory of production companies has shown signs of accumulating stocks. Recently, the soda ash market has been mainly operating at a low level; downstream companies have started construction one after another, and the operating rate has recovered to a certain extent. However, terminal demand remains weak. Slow follow-up. Overall, it is expected that the float glass market will continue to weaken in the short term.