Float glass market prices are mixed
Float glass market price
Analysis of float glass market
Today, the domestic market price of 5mm float glass is both up and down. Among them, shipments from manufacturers in North China were still good, and the overall price was raised by 10 yuan/ton to 1400 yuan/ton. The trading atmosphere improved. Some prices in the Beijing-Tianjin-Tangshan and Shahe regions turned up, with manufacturers mainly removing warehouses; while in South China and East China, the focus of transactions in the float glass market has shifted downward. Among them, the quotations from manufacturers in Shandong and Jiangsu in East China were significantly loose, both down 20 yuan/ton. In other regions, prices were mainly stable. At present, the performance of transaction areas in the float glass market is uneven. Some manufacturers have demand for replenishment in the middle and lower reaches, shipments have improved, and glass prices have increased slightly; however, manufacturers in some areas have a serious accumulation of warehouses and a weak attitude towards supporting prices. Quotes have been lowered, and the market wait-and-see mood still exists.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 5 was 1,323.04, a decrease of-1.11 from the previous working day, with a range of-0.08%.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on August 5, was 1368 yuan/ton, and finally closed at 1353 yuan/ton, an increase of-0.07% within the day. The intraday high was 1368 yuan/ton, the lowest was 1334 yuan/ton, holding 656663 lots, month-on-month-on-month-on-month.
Today, glass futures prices remained in a narrow range with the market environment and were mainly volatile. Although glass has shown certain signs of stopping falling and stabilizing recently due to the overall market environment, and the spot market has indeed formed a certain positive feedback. Production and sales in the core areas have strengthened month-on-month, the demand in the terminal market has not yet improved significantly, resulting in a lack of further reversal of glass. Driven by the fact that inventory flow arbitrage between the middle and upper reaches is difficult to change the fundamental pattern, market confidence is still insufficient, and we need to continue to observe whether terminal demand can improve month-on-month in the peak season.
market outlook
The supply side of the float glass market fluctuated at a high level, and production and sales in some areas on the demand side improved; however, downstream deep processing has not improved significantly, and the continuous motivation for subsequent replenishment is limited.It is expected that the float glass market may be dominated by weak adjustments in the short term.
