Float glass market adjusts narrowly

 Float glass market adjusts narrowly

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market has adjusted in a narrow range. Among them, the float glass market price in East China has been lowered by 30 yuan/ton to 1800 yuan/ton; the float glass market in North China has been lowered by 10 yuan/ton as a whole, and the 5mm large plate in Shahe area has been lowered more, down 20 yuan/ton to 1452 yuan/ton, and the narrow range of 5mm large plate has been increased by 8 yuan/ton. At present, the overall float glass market is still relatively weak. The enthusiasm for purchasing float glass in the middle and lower reaches of the North China market is not high, and manufacturers are flexible in quoting prices. Rainfall in some areas of the South China market has increased, manufacturers have been blocked in shipments, and the mentality of supporting prices has weakened. Float glass prices weakened in parts of East China such as Shandong, Zhejiang and Anhui, while other quotations were relatively stable.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 22 was 1,540.95, down 13.4 from the previous working day, with a range of-0.86%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on April 22, was 1500 yuan/ton, and finally closed at 1527 yuan/ton, an intraday increase of +1.39%. The intraday high was 1548 yuan/ton, the lowest was 1498 yuan/ton, holding 950481 lots, and the month-on-month-on-month-on-month.

Glass futures prices surged and fell back today, with the overall increase slightly. Over the weekend, production and sales in the main production and marketing area of the spot market rebounded month-on-month, and ex-factory prices rose slightly, but it was difficult to last on Monday. The ability to undertake on the demand side is still limited, and demand expectations have not yet seen obvious signs of improvement. The room for rebound in futures prices needs to be further expected to open up. Most of the recent market trends are mainly following the fluctuations of related commodities and the market environment, and may remain the current logical shocks before their own drivers appear.

market outlook

Today, the float glass market was more affected by related commodities and macro sentiments, and futures were improving. However, the fundamentals of the spot market are still in a situation where supply exceeds demand, which has not led to the improvement of the spot market, and the contradiction between supply and demand still exists. Coupled with the arrival of the plum rainy season in the southern region, manufacturers are offering prices or weak, and the phenomenon of profit-making promotions has increased. Terminal real estate data is still weak, and market worries remain unabated. It is expected that the float glass market will continue to operate weakly in the short term without significant improvement in demand.