Float glass market prices steadily lower
Float glass market price
Analysis of float glass market
Today's domestic 5mm float glass marketPrices have stabilized and lowered, East China lowered its price by 10 yuan/ton, of which the Shandong market fell by 30 yuan/ton to 1630 yuan/ton, and market production and sales have weakened; most manufacturers in the 5mm glass market in Shahe area lowered their prices, and the trading atmosphere in the region was poor; Manufacturers in other regions continue to maintain a wait-and-see attitude. At present, the downstream real estate market and deep processing orders have not improved significantly. Weak demand has led to greater pressure on manufacturers to ship, and current prices are still weakening.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 11 was 1,415.07, down 9.37 from the previous working day, with a range of-0.66%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on July 11, was 1470 yuan/ton, and finally closed at 1465 yuan/ton, an increase of-0.81% within the day. The intraday high was 1481 yuan/ton, the lowest was 1452 yuan/ton, holding 703604 lots, a month-on-month-on-month basis.
Today, glass futures prices fluctuated mainly within a narrow range with the market environment. The fundamentals of glass itself are still difficult to effectively improve. Production and sales in the spot market are weak and stable, manufacturers 'quotations continue to decline, and market feedback is still poor. However, the overall market sentiment has stabilized in the short term, and the macro atmosphere at home and abroad has shown signs of warming up. In the follow-up, we still need to observe repeated macro issues before important meetings and cost support issues under weak reality.
market outlook
The supply side of the floating glass market is relatively high, while the demand side has not been effectively recovered. The situation of strong supply and weak demand continues; without a change in macro sentiment, the subsequent trend is still weak.
