Manufacturers 'prices were mixed, and some regions showed slight increases

Manufacturers 'prices were mixed, and some regions showed slight increases

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market has adjusted within a narrow range, with float glass prices in Northeast China and North China rising by 8-20 yuan/ton, and prices in South China and Central China falling by 10-20 yuan/ton. Quotes in other regions are relatively stable. At present, the prices of float glass manufacturers in the float glass market are mixed. During the Qingming Festival holiday, the float glass trading atmosphere in some areas has improved, speculative demand has increased, and some manufacturers have slightly raised their prices. However, the wait-and-see mood in the central and southern China markets still exists, and manufacturers have weak price mentality. Quotes are still lowered.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 8 was 1,544.46, up 8.38 from the previous working day, or 0.55%.

Futures dynamics

According to Boduo data, the opening price of FG2405, the main glass contract, on April 8, was 1500 yuan/ton, and finally closed at 1555 yuan/ton, an increase of 5.71% within the day. The highest intraday session was 1559 yuan/ton, the lowest was 1496 yuan/ton, with 438009 lots held, and the month-on-month was-81397 lots.

Glass futures prices rebounded sharply today, with the main force of short orders leaving the market. Production and sales in the Shahe area rebounded sharply during the Qingming Festival holiday, and the quotations of many companies increased after the festival. From the perspective of disk games, Glass over-concentrated short orders under consistent expectations in the early stage, and this round of market may be the industry's trend to short funds when the main contract moves positions. In addition, there are also market expectations that subsequent terminal demand may rebound month-on-month when weak reality continues to the turning point of seasonal demand. In the short term, we can observe whether this round of price increases and production and sales performance can support further price increases on the basis of persistent issues. If subsequent actual demand takes over general glass plates, it may face high hedging pressure again.

market outlook

There is pressure on the transaction of new orders in the upstream soda ash market. Soda mills have poor performance in receiving new orders, and soda ash prices may remain weak in the short term. With the recent price declines and consumption during the Qingming holiday, the float glass market has weakened, and the mentality of supporting prices has gradually emerged. However, strong supply and weak demand continue, and speculative demand is limited. It is expected that the float glass market will continue to organize in a narrow range.