Float glass market prices continue to fall
Float glass market price
Analysis of float glass market
Today, the domestic market price of 5mm float glass has generally been lowered. Among them, float glass market prices in Northeast China, Northwest China, Central China and North China have all been lowered by 10 yuan/ton, while Shahe market prices have been flexibly adjusted, with weak willingness to support prices. Prices in the southwest market fell by 30 yuan/ton to 1460 yuan/ton, and corporate transactions were relatively flexible. The trading atmosphere in the South China market is poor, with the price of 5mm small float glass in Guangdong falling significantly. Manufacturers 'quotations in the East China market continued to loosen, and the overall transaction was average. Currently, downstream demand is weak, and float glass profits are still low. Some manufacturers have poor shipments, and most of them have maintained a trend of accumulating stocks. It is difficult to say that market sentiment has improved.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 23 was 1,346.33, down 10.47 from the previous working day, with a range of-0.77%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on July 23, was 1425 yuan/ton, and finally closed at 1406 yuan/ton, an increase of-1.82% within the day. The intraday high was 1434 yuan/ton, the lowest was 1402 yuan/ton, holding 816034 lots, a month-on-month +36945 lots.
Today, glass futures prices are mainly downward as the market environment continues to be weak.The domestic financial market was greatly frustrated by the news that short-term large-scale stimulus policies were falsified. The fundamentals of glass itself continue to weaken, production, sales and quotations continue to show negative feedback transmission, futures prices decline simultaneously, short-term demand is difficult to improve, and the glass market lacks actual driving force and may remain weak in the short term.
market outlook
The fundamentals of the float glass market are under severe pressure, and cost support is still insufficient; macro positive factors are still unclear,There is no demand growth point in the market in the short term, spot marketWill remain weak。
