The overall price of float glass remained stable, and some prices fell back
Analysis of float glass market
Today, some domestic 5mm float glass market prices fell within a narrow range. Prices in North China have loosened up due to high inventories and limited downstream demand, lowering prices by 10 yuan/ton to 1390 yuan/ton. The focus of transactions in Shahe District has dropped significantly, and the price of 5mm large float glass has dropped by 12 yuan/ton; In South China, market transactions were still acceptable, with individual glass prices rising slightly; quotations in other regions continued to maintain stability, and market transactions were flexible. currentThe overall deep processing orders in the float glass market are still limited, and terminal demand is still light, there is no strong replenishment drive on the demand side, and companies are waiting and waiting.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 7 was 1,320.64, down 2.40 from the previous working day, with a range of-0.18%.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on August 7, was 1330 yuan/ton, and finally closed at 1312 yuan/ton, an increase of-2.31% within the day. The intraday high was 1341 yuan/ton, the lowest was 1309 yuan/ton, holding 628474 lots, a month-on-month-on-month.
Today, glass futures prices continue to fluctuate downward. The fundamentals of glass itself are weak and difficult to change. Before terminal demand improves significantly, the phased inventory flow driven by market sentiment is difficult to continue. After production and sales in the spot market weaken again, manufacturers 'quotations are lowered simultaneously. The overall market Negative feedback transmission is difficult to break, and the follow-up point still lies in whether there is an opportunity for improvement in demand during the peak season. Prior to this, the main logic of glass prices remains unchanged, and the market may remain weak and waiting for operation.
market outlook
Float glass manufacturers started to remain stable, but downstream demand did not pick up significantly; Fundamentals remain relatively weak,In the short term, glass prices are still under pressure, with weak consolidation mainly.
