Float glass market prices stop falling and stabilize
Float glass market price
Analysis of float glass market
The domestic 5mm float glass market price today is generally unchanged from yesterday. Transactions in North China are relatively flexible, and corporate shipments have improved. The prices of 5mm large and small boards in the Shahe market remain unchanged, and the prices of individual specifications have increased slightly to explore the market; prices in the Central China market have remained stable and wait-and-see, maintaining at 1340 yuan/ton; prices in other regions have stopped falling and stabilized, and purchases are just needed in the middle and lower reaches, with manufacturers mainly shipping; market sentiment in some areas still showing poor performance due to the weather. At present, some enterprises 'production lines are undergoing cold repairs, and supply has decreased; but the real estate completion data is not ideal, and the downstream replenishment efforts are average. Overall, the contradiction between supply and demand in the float glass market still exists.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 1 was 1,324.24, up 0.44 or 0.03% from the previous working day.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on August 1, was 1381 yuan/ton, and finally closed at 1347 yuan/ton, an increase of-0.74% within the day. The intraday high was 1389 yuan/ton, the lowest was 1341 yuan/ton, holding 728649 lots, a month-on-month +21225 lots.
Today, the glass futures market was mainly due to the surge and decline, mostly affected by the weakening of overall market sentiment. Affected by yesterday's emotional rebound in the market, the production and sales of manufacturers in some areas of the spot market rebounded significantly. After the market showed signs of positive feedback, glass futures prices had reasons to rush higher, but this also gave some companies with low-priced supplies to participate in the current period. Current behavior has formed a certain suppression on the market. In the short term, the terminal market may not be significantly driven. However, after the low price of glass stops falling, or to a certain extent, the willingness of the middle and lower reaches to replenish stocks during the peak season will improve, we can pay attention to whether the production and sales in the spot market can form a phased stabilization and recovery. Before that, the market may Stay on the sidelines, with low shocks dominated.
market outlook
Subsequent float glass manufacturers still have cold repair plans, and supply fluctuates within a narrow range; while downstream demand improvement is limited and fundamentals change is small; under the condition of high inventories, the price rebound may be suppressed, and it is expected that the spot market will hold steady in the short term. Wait and see situation.
