The float glass market is stable and small, and transactions are flexible

The float glass market is stable and small, and transactions are flexible

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is stable and moving slightly. Prices in the North China market are stable, with prices in the Beijing-Tianjin-Hebei region remaining at 1620 yuan/ton. The quotations of manufacturers in the Shahe region have stopped falling and stabilized; the middle and lower reaches of the Central China market are just in need of purchasing, and the manufacturers 'quotations have little fluctuations; the overall transaction volume in the East China market is flat, and manufacturers are flexible in shipping; The price in the South China market has been lowered, and the price of 5mm large plates in Guangdong in the region has been lowered by 20 yuan/ton. The price of 5mm small plates has been relatively stable. Overall, the transaction atmosphere in the South China market is moderate, and individual price reductions have stimulated shipments.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on May 16 was 1,532.22, down 1 from the previous working day, with a range of-0.07%.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on May 16, was 1570 yuan/ton, and finally closed at 1591 yuan/ton, an intraday increase of +1.66%. The intraday high was 1595 yuan/ton, the lowest was 15598 yuan/ton, holding 798353 lots, a month-on-month +8643 lots.

Today, glass futures prices operate with the strong market environment. Recently, glass prices are mainly affected by macro and news factors, and the overall market environment fluctuates, and glass itself has limited driving power. Recently, the performance of the glass spot market has weakened month-on-month. However, if the arbitrage space in the subsequent period is further opened up due to bullish factors or the expectation of stronger production and sales is re-established, it is necessary to consider that the mid-stream arbitrage behavior in the early period has existed for a long time, and further receiving efforts may be limited. There are still doubts about whether the market's positive feedback can be formed again. In the short term, changes in glass prices need to pay more attention to macro news.

market outlook

The fundamental supply and demand situation in the float glass market has not changed significantly, manufacturers 'quotations have not changed much, and the market is relatively calm. There is a lack of news stimulus and insufficient self-drive. In the future, we will continue to pay attention to whether macro policies will bring benefits, wait for demand to be released, and before that, we will often fluctuate with the market. It is expected that the float glass market may continue to remain stable in the short term.