Futures market sentiment cools down, spot market focus shifts down (6.20 Floating Glass Weekly Review)
1.Analysis of float glass market
This week, the focus of transactions in the domestic 5mm float glass market declined. In terms of price, the price reduction of float glass in Southwest, East China, Central China, South China and North China is concentrated at 10-40 yuan/ton; the price of float glass in Northeast and Northwest China is relatively stable. Trading sentiment in the North China market has weakened, manufacturers 'shipments have slowed down, and inventories have accumulated. Among them, the prices of float glass with 5mm plates and sizes in the Shahe area have all been lowered. Float glass prices fell most significantly in the southwest market, with few orders for deep processing in the region and insufficient transactions. The East China market has been downgraded within a narrow range, with purchases at appropriate low levels in the middle and lower reaches, and market transactions have been relatively flexible. Part of the South China market is affected by rainfall, and manufacturers have generally shipped goods, and there are operations to transfer profits. At present, the positive expectations of macro policy stimulus in the early stage of the float glass market have subsided. The float glass market has returned to reality and its own improvement is still relatively limited and there are no new positive factors to boost it. Coupled with the weak data from the real estate side, it is expected that the float glass market may continue to operate in a weak manner in the short term.
In terms of futures, glass prices were mainly weak during the week. Due to the falsification of interest rate cuts expectations and weak economic data, short-term macro sentiment is difficult to form a strong boost to the market. The fundamentals of glass under realistic logic are still weak. Although expectations show marginal improvement, the current high supply and weak demand continue to continue. Suppression of glass prices, coupled with the recent weather impact in some areas, demand continues to weaken, and the glass market may not perform well before new expectations arise.
2.Comparison of float glass market prices
3.Float glass inventory
this weekfloat glassThe total inventory of the manufacturer is 5982.7Multi-weight box，last week5813.7Ten thousand heavy boxes, morelast weekAdd 1.69 million heavy boxes，The range was 2.91%. During the week, the weekly inventory of float glass production plants increased, and market sentiment weakened.
4.Weekly operating rate of float glass
this weekfloat glassThe weekly operating rate was 82.92%, and the month-on-month rate was-0.34%。Overall operating rate declined。
5.Weekly float glass output
This week, domestic glass production lines totaled 30% after eliminating zombie production lines1Article, in whichProduction 249strip, float glassThe output was 1.187 million tons, which was-0.68% month-on-month and +3.61% year-on-year.
