Floating glass prices fall in most regions

Floating glass prices fall in most regions

Float glass market price

Analysis of float glass market

Prices in various regions of China's 5mm float glass market fell mainly today. The price of floating glass in Northeast, Southwest, East, Central and North China fell by 10-60 yuan/ton, and the market price of floating glass in Northwest and South China was relatively stable. At present, the fundamentals of the glass market are still not optimistic. There is less real estate construction, the operating rate has dropped significantly, the demand side has remained weak, the willingness to purchase downstream is generally low, and companies have poor shipments. Most Chinese companies have great inventory pressure and the market operation is weak., and the wait-and-see mood in the field continues.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on March 21 was 1,645.06, down 17.58 from the previous working day, or 1.06%.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on March 21, was 1555 yuan/ton, and finally closed at 1536 yuan/ton, an increase of-0.84% within the day. The intraday high was 1572 yuan/ton, the lowest was 1527 yuan/ton, holding 660720 lots, a month-on-month-on-month.

Today, glass futures prices fluctuate mainly within a narrow range with the market environment. The pressure on glass fundamentals is still relatively serious, the actual demand in the peak season is weak, and emergencies restrict downstream construction, and the practical logic is hard to say that it will 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 fundamentals of the floating glass market are under serious pressure, demand continues to be weak, and the practical logic is difficult to improve in the short term and lacks its own driving force. It is expected that float glass market prices will continue to remain weak in the short term.