Float glass market continues to be weak

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market continues to be weak. At present, the fundamentals of the float glass market lack positive driving forces, the market trading atmosphere is not good, and manufacturers 'quotations have been lowered and the focus of market transactions has shifted downward. The North China market continued to be weak, with the price of 5mm plate float glass lowered in the Shahe region, and the market price in the Beijing-Tianjin-Hebei region fell by 10 yuan/ton to 1610 yuan/ton. East China lowered the price by 10 yuan/ton, of which the Shandong market fell to 1680 yuan/ton, and float glass prices in other regions were relatively stable. Market prices in the southwest region fell by 20 yuan per ton.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 19 was 1,526.6, down 3.38 from the previous working day, with a range of-0.22%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on June 19, was 1572 yuan/ton, and finally closed at 1587 yuan/ton, an increase of-0.06% within the day. The intraday high was 1594 yuan/ton, the lowest was 1564 yuan/ton, holding 630842 lots, a month-on-month-on-month.

Today, glass futures prices fluctuated mainly within a narrow range. At present, the fundamentals of glass itself are expected to change marginally, but the improvement of glass itself is still relatively limited after the market returns to the realistic logic. Coupled with the recent weakness of the overall environment of the commodity market, the glass market has formed a negative feedback resonance situation. However, the profit on the glass disk is not high, and the room for correction may be relatively limited. In the future, we need to continue to pay attention to whether the overall commodity market environment can stabilize. Before new drivers emerge, glass may remain weak and volatile with the market environment.

market outlook

Transactions in the upstream soda ash market are relatively sluggish, the soda ash market is stabilizing and weakening, and the focus of support for glass costs continues to move downward. The positive stimulus from macro policies in the early period has been exhausted, and the float glass market has returned to reality and its own improvement is still relatively limited. Superimposed real estate data shows weak transmission. It is expected that the float glass market may continue to operate weakly in the short term.