Demand has yet to be activated, and the float glass market has generally stabilized

Demand has yet to be activated, and the float glass market has generally stabilized

Float glass market price

Analysis of float glass market

Today, the market for 5mm float glass in various regions of China has generally stabilized, with the price operating range of 1,664 - 2,260 yuan/ton, which is the same as yesterday. At present, transactions in China's glass market are average. After the Lantern Festival, downstream processing companies in the Chinese glass market have started construction one after another, and logistics and transportation have gradually recovered, which has provided good support for the glass market. However, insufficient performance in terms of demand needs to be further started. The shipment performance of manufacturers in various regions of China is uneven. Manufacturers 'quotations are both up and down, and corporate transaction policies are relatively flexible to stimulate outbound shipments.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on February 27 was 1,813.73, which was the same as yesterday, with a decrease of 0.00%.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on February 27, was 1687 yuan/ton, and finally closed at 1716 yuan/ton, an increase of 2.02% within the day. The intraday high was 1723 yuan/ton, the lowest was 1685 yuan/ton, with 494930 lots held, a month-on-month +15124 lots.

Today, glass panels operate with the strong macro market environment. Affected by the macro-level essay today, the stock market and commodity market-related chain varieties showed a strong rebound. The superimposed glass itself is facing centralized replenishment of warehouses after the downstream deep processing enterprises gradually resume work after the holiday, and the demand that was lagging behind due to the weather in the early stage has also shown signs of recovery. This round of downstream replenishment mainly focuses on purchasing superior sources of current merchants in the mid-stream period, which is also one of the reasons for the slight rebound in the market. In the short term, the mentality of downstream replenishment is still dominated by just needs, and the sustainability of replenishment still needs to see the improvement of the resumption of work in the terminal market. Before that, the glass fundamentals are temporarily difficult to reverse.

market outlook

Upstream soda prices have been continuously lowered, and at present, most companies have remained at a high level when starting operations. Coupled with the weak shipment of companies, inventories continue to increase, supply and demand in the soda ash market are out of balance, and soda ash prices are expected to be lowered again in the short term. Downstream enterprises have started construction one after another, and their insufficient performance in terms of demand needs to be further started. On the whole, it is expected that the float glass market will maintain the status quo in the short term.