The float glass market is weak and difficult to change
Float glass market price
Analysis of float glass market
Today, the center of gravity of China's 5mm float glass market continues to decline. Some manufacturers have significantly lowered their prices due to weak downstream demand. Specifically, the market price of float glass in northwest and east China has been lowered by 30 yuan/ton; prices in central and north China have dropped by 20 yuan/ton; among them, the price of manufacturers in Anhui in East China has dropped by 60 yuan/ton, and the price of Jiangsu and Zhejiang has been lowered by 40 yuan/ton, the focus of transactions has dropped significantly; the price of float glass in 5mm plates in the Shahe area has continued to fall, and shipments have been sluggish; quotations in other regions have maintained stability, but trading performance is still weak.Today, some production lines in the float glass market are undergoing cold repair, but the overall supply is stable.;Downstream demand is still cold, procurement enthusiasm is not high, glass manufacturers are under great pressure to ship, and some companies increase their shipments through price cuts. At present, the market lacks obvious favorable guidance, and the overall atmosphere is relatively depressed.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 26 was 1,257.53, down 18.05 from the previous working day, with a range of-1.42%.
Futures dynamics
According to data from Boduo, the opening price of FG2501, the main glass contract, on August 26, was 1251 yuan/ton, and finally closed at 1249 yuan/ton, an increase of-0.72% within the day. The intraday high was 1265 yuan/ton, the lowest was 1226 yuan/ton, holding 806757 lots, a month-on-month +58756 lots.
Today's glass futures prices are mainly bottoming out, but the overall trend is still weak. At present, production and sales in the glass spot market are still lukewarm, and the quotations of manufacturers in core areas continue to decline. In recent months, manufacturers have a strong willingness to hedge, and prices are unlikely to be driven by rebound. In the short term, we will still focus on observing actual demand in the peak season. Glass prices will remain until demand improves. It is difficult to be optimistic.
market outlook
The production and sales performance of the float glass market is weak. In order to stimulate shipments, companies have launched various preferential measures to give profits. Transactions are relatively flexible. It is expected that the spot market may continue to operate in a weak manner in the short term.
