Float glass market trend is stable and weak
Float glass market price
Analysis of float glass market
Today's domestic 5mm float glass marketMaintain weak and stable operation, the Central China market lowered its price by 10 yuan/ton to 1440 yuan/ton; Eastern China lowered its price by 10 yuan/ton, of which the Zhejiang market dropped to 1670 yuan/ton; the prices of small plates by manufacturers in the Shahe market have been fine-tuned, among which the price of 5mm small plate float glass fell by 16 yuan/ton to 1316 yuan/ton; the price of 5mm small plate float glass in South China's Guangdong region was significantly loose, and it was lowered by 60 yuan/ton to 1400 yuan/ton. Overall, the focus of transactions in the float glass market is still moving downward, and it is still facing the dual pressure of downward costs and weak demand.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 10 was 1,424.44, down 8.09 from the previous working day, with a range of-0.56%.
Futures dynamics
According to Boduo data:July 10The opening price of FG2409, the main glass contract, was 1499 yuan/ton, and finally closed at 1464 yuan/ton, an intraday increase of-2.27%. The intraday high was 1505 yuan/ton, the lowest was 1454 yuan/ton, holding 704122 lots, a month-on-month +25163 lots.
Today, glass futures prices fell significantly due to the market environment and related commodities. The fundamentals of glass itself are still difficult to effectively improve. Production and sales in the spot market are weak and stable, factory prices continue to decline, and market feedback is still poor. However, after the spot market price continues to decline, it may still open up the current arbitrage space again. In the follow-up, we still need to observe macro recurring issues before important meetings and cost support issues under weak reality.
market outlook
The operating rate of the float glass market is still stable, and the willingness to take goods in the middle and lower reaches is still low; currently, there is no good news released from the supply and demand side, and the overall transaction atmosphere in the market is general; it is expected that the spot market will not be able to improve significantly in the short term and will remain weak.
