Float glass market is stable and weak
Float glass market price
Analysis of float glass market
Today, the domestic 5mm float glass market is running steadily compared with yesterday. The price of 5mm small float glass in Shahe area of North China has been lowered, and the inventory pressure on manufacturers in the market has increased; float glass prices in East China, Central China, Southwest and Northwest China have stabilized, and the flexibility of market transactions has varied; the overall production and sales in South China have improved slightly, but sustainability still needs to be observed. At present, the supply in the float glass market remains high, but terminal demand is insufficient to follow up. Supply and demand have been in a mismatch stage for a long time, and the market wait-and-see atmosphere remains undiminished.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 25 was 1,333.84, down 3.60 from the previous working day, with a range of-0.27%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on July 25, was 1430 yuan/ton, and finally closed at 1412 yuan/ton, an increase of-0.77% within the day. The intraday high was 1430 yuan/ton, the lowest was 1395 yuan/ton, holding 778610 lots, a month-on-month period of-1782 lots.
Today, glass futures prices continued to fluctuate mainly within a narrow range. After the price fell to the previous low, there was some valuation support. However, the glass market still did not see any obvious and effective improvement. In some regions, there was some speculative demand after low market prices, but the overall market The atmosphere is not yet able to form a strong positive feedback market. In the short term, we may hope that policy guidance that exceeds expectations can be given during important meetings at the end of the month to drive an emotional rebound in the market, thus opening up more space for spot speculation and forming a phased market.
market outlook
The start of the float glass market has remained stable, and demand has not shown any signs of substantial improvement; near the end of the month, spot prices have fallen to a low level, and a new round of centralized replenishment demand may be released in the middle and lower reaches; specific circumstances need to pay attention to market dynamics and real estate policy changes, and it is expected that the spot market will remain weak in the short term.
