The focus of transactions in the float glass market continues to decline
Float glass market price
Analysis of float glass market
Today's domestic 5mm float glass marketA significant decline from last Friday, among which the northwest, southwest, east and north China regions have been lowered by 10-20 yuan/ton as a whole,Weak attitude towards supporting prices; The focus of transactions in the Central China market has shifted downward, with prices in Zhejiang falling by 63 yuan/ton to 1590 yuan/ton; the price of 5mm plate float glass in Shahe area has been lowered by 12-68 yuan/ton. The trading atmosphere in the regional market is still poor, and inventory pressure has increased; the overall shipment situation in South China is average, and downstream replenishment sentiment is still poor. At present, some manufacturers have resumed production, and the supply of goods has increased slightly, but demand in the middle and lower reaches continues to be sluggish, and the supply-demand relationship has not improved. The spread of market pessimism and the impact of rainfall in some areas have caused most companies to have weak shipments and an increase in inventories.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 15 was 1,382.78, down 27.2 from the previous working day, with a range of-1.93%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on July 15, was 1470 yuan/ton, and finally closed at 1456 yuan/ton, an increase of-0.82% within the day. The intraday high was 1471 yuan/ton, the lowest was 1436 yuan/ton, holding 748169 lots, a month-on-month +50876 lots.
Today, glass futures prices fluctuated mainly within a narrow range with related commodities and market environment. Judging from the real estate data released by the National Statistics Bureau today, the month-on-month decline has narrowed, and housing prices in some first-tier cities have also shown signs of stabilizing. Coupled with emotional support for important meetings during the week, the performance of related commodities has stabilized. However, given that the fundamentals of glass itself are still weak, as time goes by, the current market's response to expectations is relatively limited. The main contract may be driven by short-term improvements in reality. Before short-term stimulus opportunities emerge, the game space in the glass market is relatively limited, or still fluctuate within a narrow range with the market environment.
market outlook
The supply side of the floating glass market is hovering at a high level, while the performance of the demand side is still weak. The supply and demand side has been unbalanced for a long time, and the overall inventory pressure has increased; manufacturers 'quotations continue to loosen, and market prices may continue to be weak and downward in the short term.
