82,552
February 28, 2024, 6:31 PM
The float glass market is mostly stable
Float glass market price
|
market
|
model
|
on February 27
|
28 February
|
rise and fall
|
units
|
|
northeast
|
5mm large plate
|
1870
|
1870
|
0
|
Yuan/ton
|
|
Northwest
|
5mm large plate
|
1920
|
1920
|
0
|
Yuan/ton
|
|
Southwest
|
5mm large plate
|
2190
|
2190
|
0
|
Yuan/ton
|
|
East China
|
5mm large plate
|
2130
|
2130
|
0
|
Yuan/ton
|
|
Huazhong
|
5mm large plate
|
2000
|
2000
|
0
|
Yuan/ton
|
|
South China
|
5mm large plate
|
2260
|
2260
|
0
|
Yuan/ton
|
|
North China
|
5mm large plate
|
1870
|
1870
|
0
|
Yuan/ton
|
|
Beijing, Tianjin and Tangshan
|
5mm large plate
|
1920
|
1920
|
0
|
Yuan/ton
|
|
Shahe
|
5mm large plate
|
1708
|
1708
|
0
|
Yuan/ton
|
|
Shahe
|
5mm small plate
|
1664
|
1664
|
0
|
Yuan/ton
|
Analysis of float glass market
Today, float glass market prices in various regions of China are mostly stable, with the price operating range remaining at 1,664 - 2,260 yuan/ton, which is stable compared with the previous working day. Float glass prices in North China are flat, while the overall shipment performance of 5mm large and small float glass manufacturers in Shahe area is average, and the market transaction policy is relatively flexible. The wait-and-see attitude in the lower reaches of Central China still exists, and manufacturers 'quotations are relatively stable. Overall, the float glass market is operating smoothly, with factories in the middle and lower reaches gradually starting, demand is slowly starting, and manufacturers 'shipment performance is mixed.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on February 28 was 1,813.28, down 0.45, or 0.02%.
Futures dynamics
According to data from Boduo, the opening price of FG2405, the main glass contract, on February 28, was 1712 yuan/ton, and finally closed at 1643 yuan/ton, an increase of-3.35% within the day. The intraday high was 1719 yuan/ton, the lowest was 1641 yuan/ton, holding 604052 lots, a month-on-month +109122 lots.
Today, the glass market significantly increased its position downward. The excessive sentiment brought by yesterday's macro essay has also been relieved today by its emotional decline. Although the logic of replenishing the bank at the industry side exists, the intensity has weakened. The actual demand performance is average, and the situation of resuming work at the terminal is not good. This round of concentrated downstream replenishment and news-driven rebound are difficult to reverse the reality of a weak market. However, the market has once again pressed near the support at the bottom of the channel, and macro news from important meetings may still be repeated, so it is recommended to wait and see for the time being.
market outlook
The upstream soda ash market is relatively sluggish, and the overall operating rate remains high. In addition, the wait-and-see attitude of most companies remains unchanged. Overall, manufacturers 'inventories have increased, and soda ash prices are still at risk of falling in the short term. Glass costs have moved downward, supply production capacity has been relatively high, and downstream demand has recovered slowly. On the whole, it is expected that the float glass market will mainly stabilize prices in the short term, with slight fluctuations.
