The glass market is mainly stable and prices are lowered in some regions
Float glass market price
|
market
|
model
|
March 26
|
March 27
|
rise and fall
|
units
|
|
northeast
|
5mm large plate
|
1790
|
1790
|
0
|
Yuan/ton
|
|
Northwest
|
5mm large plate
|
1840
|
1840
|
0
|
Yuan/ton
|
|
Southwest
|
5mm large plate
|
1870
|
1870
|
0
|
Yuan/ton
|
|
East China
|
5mm large plate
|
1850
|
1850
|
0
|
Yuan/ton
|
|
Huazhong
|
5mm large plate
|
1670
|
1670
|
0
|
Yuan/ton
|
|
South China
|
5mm large plate
|
1880
|
1880
|
0
|
Yuan/ton
|
|
North China
|
5mm large plate
|
1640
|
1600
|
-40
|
Yuan/ton
|
|
Beijing, Tianjin and Tangshan
|
5mm large plate
|
1680
|
1640
|
-40
|
Yuan/ton
|
|
Shahe
|
5mm large plate
|
1508
|
1476
|
-32
|
Yuan/ton
|
|
Shahe
|
5mm small plate
|
1456
|
1440
|
-16
|
Yuan/ton
|
Analysis of float glass market
Today, the price of China's 5mm float glass market is mainly stable, with a downward adjustment in some regions. Among them, the price of North China glass market fell by 40 yuan/ton. The trading atmosphere in North China is poor, with most companies cutting prices, and the market in Beijing, Tianjin and Hebei, including Shahe, generally fell. Prices in other regions remained stable, but the wait-and-see atmosphere in the venue remained unchanged. Overall, the inventory of enterprises in many places in the floating glass market is still under pressure, and the fundamentals continue to be weak.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on March 27 was 1,574.64, down 16.49 or 1.04% from the previous working day.
Futures dynamics
According to data from Boduo, the opening price of FG2405, the main glass contract, on March 27, was 1497 yuan/ton, and finally closed at 1474 yuan/ton, an increase of-0.81% within the day. The intraday high was 1517 yuan/ton, the lowest was 1468 yuan/ton, holding 670135 lots, and the month-on-month-on-month-on-month.
Today, glass futures prices opened high and went low, with the overall weak operation dominated. The weak fundamentals of glass continue. Although the spot production and sales data improved yesterday, the inventory flow between the middle and upper reaches is difficult to support the reversal of fundamentals. In the short term, glass itself still lacks strong new drivers. During the main shift period, the market may still operate in weak and volatile directions based on the downward revision of the spot price.
market outlook
Some upstream soda ash manufacturers maintained down-load production, and the overall supply side remained stable and moved slightly; market demand remained stable, and soda ash prices may fluctuate within a narrow range in the later period. The supply side of the float glass market is relatively high, while the demand side has not yet recovered. The situation of strong supply and weak demand continues, and there is no significant improvement in fundamentals. It is expected that the weak and volatile float glass market will continue in the short term.
