Flexible adjustment of float glass market
Float glass market price
Analysis of float glass market
Today, the price of China's 5mm float glass market has been flexibly adjusted. Among them, the market price in the North China market has stabilized and remains at 1620 yuan/ton. The quotations of individual manufacturers of 5mm large and small plate float glass in the Shahe area have been lowered; the price adjustment in the Central China market has been mainly concentrated in a narrow range; Market prices in South China and East China have increased, with the increase concentrated at 10 yuan/ton. The demand side support in the float glass spot market is flat, the downstream purchasing sentiment is average, the wait-and-see attitude is strong, and the manufacturers are mainly flexible in shipping.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on June 3 was 1,523.82, down 0.22 from the previous working day, with a range of-0.01%.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on June 3, was 1701 yuan/ton, and finally closed at 1663 yuan/ton, an increase of-2.46% within the day. The highest intraday session was 1701 yuan/ton, the lowest was 1635 yuan/ton, holding 681770 lots, a month-on-month period of-10065 lots.
Glass futures prices fell sharply today, mainly due to the overall market environment, funds left the market mainly. There were certain regional differences in the glass spot market over the weekend. The overall price performance was generally falling from the north to the south, and the overall average market improvement was limited. Short-term futures prices are more frequently guided by policies and expectations, and funds need to be repeatedly guided by funds. It is necessary to observe repeated problems in macro sentiment and the feedback generated by market fluctuations on the spot market.
market outlook
The favorable sentiment on the real estate side and energy consumption policies in the early stage has cooled down. The float glass market has returned to fundamental dominance. The demand side has not yet shown substantial improvement. The market has not followed up enough. It is expected that the float glass market will remain weak and stable in the short term.
