Float glass market cuts in narrow range
Float glass market price
|
market
|
model
|
March 29
|
April 1
|
rise and fall
|
units
|
|
northeast
|
5mm large plate
|
1680
|
1680
|
0
|
Yuan/ton
|
|
Northwest
|
5mm large plate
|
1820
|
1820
|
0
|
Yuan/ton
|
|
Southwest
|
5mm large plate
|
1840
|
1830
|
-10
|
Yuan/ton
|
|
East China
|
5mm large plate
|
1840
|
1820
|
-20
|
Yuan/ton
|
|
Huazhong
|
5mm large plate
|
1660
|
1610
|
-50
|
Yuan/ton
|
|
South China
|
5mm large plate
|
1870
|
1850
|
-20
|
Yuan/ton
|
|
North China
|
5mm large plate
|
1590
|
1590
|
0
|
Yuan/ton
|
|
Beijing, Tianjin and Tangshan
|
5mm large plate
|
1610
|
1610
|
0
|
Yuan/ton
|
|
Shahe
|
5mm large plate
|
1456
|
1456
|
0
|
Yuan/ton
|
|
Shahe
|
5mm small plate
|
1392
|
1392
|
0
|
Yuan/ton
|
Analysis of float glass market
Today, China's 5mm float glass market is mainly reduced in a narrow range, with float glass market prices in Southwest China, East China, Central China and South China being lowered by 10-50 yuan/ton; float glass market prices in other regions are relatively stable. The fundamentals of float glass remain weak, downstream demand is poor, shipments from manufacturers in many places are not smooth over the weekend, and the overall trading atmosphere in the market is poor. Many manufacturers have lowered their prices to stimulate shipments.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on April 1 was 1,542.48, down 8.23 or 0.53% from the previous working day.
Futures dynamics
According to Boduo data, the opening price of FG2405, the main glass contract, on April 1, was 1465 yuan/ton, and finally closed at 1487 yuan/ton, an increase of 2.06% within the day. The intraday high was 1489 yuan/ton, the lowest was 1446 yuan/ton, holding 608373 lots, month-on-month-on-month-on-month.
Today, glass futures prices fluctuated with the strong market environment. The overall glass spot market is still weak. However, over the weekend, environmental restrictions in core areas were relaxed, production and sales improved month-on-month, and factory quotations showed signs of temporary stabilization. Glass futures prices immediately rebounded slightly. However, the medium-and long-term weakness of glass has not yet been broken before the terminal market shows obvious signs of improvement. In the short term, we can pay attention to whether there is a strong repair market for home decoration replacement demand.
market outlook
The fluctuations in the upstream soda supply and demand relationship may not be large, and the market supply and demand are in a game, and prices may continue to maintain stability in the short term. The supply side of the floating glass market started at a relatively high level, but the combined demand side recovered slowly, and the situation of strong supply and weak demand continued. There was no positive stimulus for the overall poor shipment market. It is expected that the float glass market will continue to be weak in the short term.
