The floating glass market adjusts narrowly
Float glass market price
|
market
|
model
|
March 18
|
March 19
|
rise and fall
|
units
|
|
northeast
|
5mm large plate
|
1840
|
1840
|
0
|
Yuan/ton
|
|
Northwest
|
5mm large plate
|
1890
|
1890
|
0
|
Yuan/ton
|
|
Southwest
|
5mm large plate
|
2050
|
1990
|
-60
|
Yuan/ton
|
|
East China
|
5mm large plate
|
1940
|
1920
|
-20
|
Yuan/ton
|
|
Huazhong
|
5mm large plate
|
1790
|
1790
|
0
|
Yuan/ton
|
|
South China
|
5mm large plate
|
1970
|
1950
|
-20
|
Yuan/ton
|
|
North China
|
5mm large plate
|
1720
|
1720
|
0
|
Yuan/ton
|
|
Beijing, Tianjin and Tangshan
|
5mm large plate
|
1740
|
1740
|
0
|
Yuan/ton
|
|
Shahe
|
5mm large plate
|
1592
|
1592
|
0
|
Yuan/ton
|
|
Shahe
|
5mm small plate
|
1524
|
1524
|
0
|
Yuan/ton
|
Analysis of float glass market
Today, some areas of China's 5mm float glass market declined in a narrow range. Among them, the floating glass market price in Southwest, East and South China has been lowered by 20-60 yuan/ton, and prices in other regions have been relatively stable. Prices in the floating glass market in North China have stabilized, transactions in the Shahe region have been average, and the Beijing-Tianjin-Hebei market has a strong wait-and-see attitude. Glass prices in East China fell by 20 yuan/ton, and the focus of market transactions shifted downward. Companies in South China have poor shipments, and some companies have reduced prices to ship. Overall, the demand side of the floating glass market has not improved significantly, and the glass market continues to be weak.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on March 19 was 1,664.31, down 7.33 from the previous working day, or 0.44%.
Futures dynamics
According to data from Boduo, the opening price of FG2405, the main glass contract, on March 19, was 1534 yuan/ton, and finally closed at 1553 yuan/ton, an increase of-0.38% within the day. The intraday high was 1568 yuan/ton, the lowest was 1529 yuan/ton, holding 663693 lots, month-on-month-on-month-
Today, glass futures prices were low and mainly volatile within a narrow range. The overall performance of the commodity market today is strong, but the glass fundamentals are under serious pressure. The actual demand in the peak season is weak. Coupled with emergencies restrict downstream construction, the practical logic is difficult to improve in the short term. The long-term demand for real estate completion is also not optimistic, and changes in glass expectations in the future may be carried out around the policy side. In the short term, glass lacks its own drive, or follows the trend of related commodities and fluctuates mainly within a narrow range.
market outlook
Market supply remains high, market supply and demand are basically balanced, and prices are relatively stable; however, some companies are still relatively cautious in purchasing, and soda ash prices will operate firmly in the short term. The actual demand in the downstream and terminal of the floating glass market has not yet improved significantly; the enthusiasm for purchasing in the middle and lower reaches is not good, and corporate inventories have increased. Float glass market prices are expected to remain weak in the short term.
