Manufacturers 'prices continue to loosen float glass market steadily drops
Float glass market price
Analysis of float glass market
Today, the domestic 5mm float glass market is steadily declining, with float glass prices in Northeast China, East China and Shahe areas in North China being lowered by 8-20 yuan/ton. The market price of 5mm large-board float glass in North China is relatively stable, the quotations of other specification manufacturers continue to be loose, and the market shipment performance is average. The enthusiasm for purchasing in the middle and lower reaches of the East China market was flat, and market prices in the Zhejiang region were lowered. The market price in Central China today was unchanged from yesterday and remained at 1480 yuan/ton. Float glass market prices in Northeast China continued to decline.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 4 was 1,452.13, down 3.38 from the previous working day, with a range of-0.23%.
Futures dynamics
According to Boduo data:July 4The main glass contract FG2409 opened at 1580 yuan/ton, and finally closed at 1574 yuan/ton, an increase of 0.32% within the day. The highest intraday session was 1593 yuan/ton, the lowest was 1566 yuan/ton, holding 614154 lots, a month-on-month period of-7056 lots.
Today, glass futures prices mainly fluctuated within a narrow range due to the market environment and related commodities. The performance of the glass spot market is relatively average. Although there is still some speculative demand in the main producing areas to support production and sales, the spot price is still downward and has not yet brought significant positive feedback. Coupled with the repeated weather effects in some areas, the improvement in market production and sales is doubtful. At present, glass itself temporarily lacks a strong driving force to dominate the price, and in the short term, it may still mainly follow the fluctuations of the market environment.
market outlook
The supply side of the float glass market is relatively stable, while the demand side is still relatively weak and there are no bright spots. The spot market price is loose, and it is expected that the spot market will mainly loosen slightly in the short term.
