Spot transactions of float glass were weak and market prices continued to weaken
Float glass market price
Analysis of float glass market
Today, the domestic 5mm float glass market weakened compared with the previous working day. The market price of float glass in Northeast China was lowered by 30 yuan/ton to 1590 yuan/ton. The market price of 5mm plate float glass in Shahe area of North China has been lowered by 4-16 yuan/ton; the prices of float glass of other specifications have also declined. Float glass prices in East China, Central China, Southwest and Northwest China are relatively stable. The market price in South China remains at 1640 yuan/ton, and the shipment performance of manufacturers is average.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 1 was 1,467.28, down 4.56 from the previous working day, with a range of-0.31%.
Futures dynamics
According to Boduo data:July 1The main glass contract FG2409 opened at 1560 yuan/ton, and finally closed at 1551 yuan/ton, an increase of 0.52% within the day. The intraday high was 1574 yuan/ton, the lowest was 1535 yuan/ton, holding 639287 lots, a month-on-month +17686 lots.
Today, glass futures prices fluctuated mainly within a narrow range. Due to the continued weakening of the glass spot market, the premium price of the factory price in the main production and marketing area has driven some speculative replenishment demand in the middle and lower reaches, and the production and sales in the main production area have been strong over the weekend. However, today's current arbitrage speculative demand also put a selling pressure on the market. In the short term, we can observe the continuing problem of the month-on-month strengthening of production and sales and the expected improvement brought by the marginal warming of the macro atmosphere.
market outlook
The improvement in terminal demand in the float glass spot market is still limited. The upstream raw material soda ash is operating weakly, and fuel prices have adjusted slightly. As float glass prices fall and gradually approach the bottom end of the natural gas production line cost, the support is still acceptable. It is expected that the float glass market will remain weak in the short term. Before positive factors emerge, the spot market will continue to remain weak, and follow-up attention will be paid to whether the Third Plenary Session of the CPC Central Committee will bring new policy guidance.
