Float glass market prices rose and fell

Float glass market prices rose and fell

Float glass market price

Analysis of float glass market

The overall performance of China's 5mm float glass market was strong today, with a slight correction in some regions. Specifically, prices in East China, Northwest China and South China increased by 10 yuan/ton; the Central China market performed strongly and trading was active. The float glass market price rose by 50 yuan/ton to 1380 yuan/ton, and the focus of transactions shifted significantly; Prices in North China have risen and fallen. Shahe 5mm large board has been lowered by 20 yuan/ton, while other small-sized plates have sold well, and manufacturers 'quotations have increased. At present, the market is in a strong operating trend, and prices in many places continue to rise; however, the ignition of production lines of individual companies has increased the operating rate, and the wait-and-see attitude of downstream companies has gradually become apparent.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on November 11 was 1,296.56, up 0.67 or 0.05% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on November 11, was 1340 yuan/ton, and finally closed at 1326 yuan/ton, an increase of-3.49% within the day. The intraday high was 1381 yuan/ton, the lowest was 1298 yuan/ton, holding 1098367 lots, a month-on-month-on-month basis.

Today, glass futures prices have weakened sharply, and the short-term market has entered a policy vacuum period. After macro sentiment cools down, some premiums have been released. However, the current fundamentals of glass are still relatively strong varieties. Whether it continues to weaken in the future requires observing the cold repair path at the supply side and whether the demand side can accept midstream inventory. In the short term, it remains to be seen whether the glass premium will be fully released. The main focus is on midstream inventory and selling pressure issues.

market outlook

The production and sales situation in the float glass market is maintained, and there is a wait-and-see attitude in the early cold repair plan; inventories continue to be depleted to provide support for price upward; in the short term, spot market prices will be mainly adjusted in a narrow range, and future price trends still need to pay attention to the persistence of the demand side recovery.