Float glass market prices fell slightly
Float glass market price
Analysis of float glass market
Today, the domestic market prices of some 5mm float glass dropped slightly. The market price of float glass in North China and Northwest China was lowered by 10 yuan/ton, while prices in other regions were mainly stable; among them, the price of float glass in 5mm large and small plates in Shahe area of North China fell by 8 yuan/ton, and downstream enthusiasm for goods was limited; In the Beijing-Tianjin-Tangshan region, manufacturers 'quotations are more flexible, and the market has a strong wait-and-see attitude; production and sales in the northwest region are slightly weak, and downstream deep processing orders are not good; overall trading in the East and Central China markets is generally normal. At present, the supply in the float glass market has not contracted. The demand for replenishment in the middle and lower reaches at the end of the month is not obvious. Terminal demand continues to weaken. Overall, the supply and demand situation is not optimistic, and the market is still in a continuous downward cycle.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 29 was 1,327.51, down 4.65 from the previous working day, with a range of-0.35%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on July 29, was 1388 yuan/ton, and finally closed at 1341 yuan/ton, an increase of-5.03% within the day. The intraday high was 1393 yuan/ton, the lowest was 1335 yuan/ton, holding 836729 lots, a month-on-month-on-month basis.
Glass futures prices fell sharply today, and the main contract price had fallen to a low in nearly two years as of the close. Glass fundamentals continue to be weak, spot market quotes continue to move downward, and negative feedback from the terminal market is still difficult to see effective improvement in the short term. Moreover, as raw material prices fall, cost support is gradually moving downward. However, given that prices have fallen to low levels, the futures market is about to face major changes in the month, and we can wait and see whether capital behavior can bring short-term fluctuations.
market outlook
Profits in the float glass market have further shrunk, and downstream demand has continued to be sluggish; market sentiment is unlikely to be boosted, and the spot market is expected to remain weak in the short term.
