Float glass market price stabilization is the main reason for individual increases

Float glass market price stabilization is the main reason for individual increases

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is stable and strong. The market price in North China remained at 1600 yuan/ton, but the price of 5mm large plate float glass in Shahe area was narrowly reduced by 4 yuan/ton to 1484 yuan/ton. The inventory of manufacturers on the site was relatively low, and appropriate purchases were made in the middle and lower reaches. The market trading situation is relatively good; is the demand side of the East China market dominated by demand, and manufacturers 'shipment performance varies; the market price in Central China is 1580 yuan/ton, which remains stable. The South China market is mainly stable, and the overall transaction is relatively flexible.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on May 13 was 1,535.71, up 1.47 or 0.10% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on May 13, was 1614 yuan/ton, and finally closed at 1613 yuan/ton, an increase of-0.80% within the day. The highest intraday session was 1618 yuan/ton, the lowest was 1588 yuan/ton, holding 773273 lots, a month-on-month period of-16017 lots.

Today, glass futures prices remained mainly volatile in a narrow range with the market environment. Recent positive feedback from the spot market has continued, and spot quotes have continued to increase in a narrow range, forming certain support for futures prices. In the short term, we need to pay attention to the persistence of positive feedback on the current period. If futures prices continue to rise, it cannot be ruled out that speculative demand in the midstream will intensify, which will affect spot liquidity. However, limited by weak terminal demand, the midstream mentality still needs to be verified. In the short term, glass prices may remain within a narrow range and wait to be driven.

market outlook

The supply side of the float glass market fluctuated at a high level, and production and sales in some areas on the demand side improved. However, downstream deep processing did not improve significantly, and the continued motivation for subsequent replenishment was limited. However, the current cost side is rising, the glass profit margin is narrowing, and manufacturers are weak in price cuts. It is expected that the float glass market will lack momentum in the upward direction and have limited downside in the short term, or will continue to fluctuate within a narrow range.