Float glass market stabilizes
Analysis of float glass market
The domestic market price of 5mm float glass today stabilized compared with yesterday. Shipping performance in North China today is still acceptable, with prices remaining at 1390 yuan/ton. However, some manufacturers in Shahe District have lowered their quotations within a narrow range, and the focus of transactions is still moving downward; downstream demand in South China has picked up, including Guangdong's 5mm small plate float glass The price was increased by 20 yuan/ton; prices in other regions are relatively stable, and the trading atmosphere is flat. currentSentiment in individual float glass markets has eased, and manufacturers are willing to hold prices; but the supply in the spot market is high, downstream deep processing and terminal demand have not yet seen substantial improvement, and most companies continue to maintain a stable and wait-and-see posture.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 8 was 1,320.86, up 0.22 or 0.02% from the previous working day.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on August 8, was 1315 yuan/ton, and finally closed at 1297 yuan/ton, an increase of-1.74% within the day. The intraday high was 1319 yuan/ton, the lowest was 1293 yuan/ton, holding 614118 lots, and the month-on-month-on-month-on-month.
Today, glass futures prices continued to be weak and downward, with their own fundamentals weak and realistic logic at the core. Coupled with the decline in market-related commodity sentiment, the price of the main glass contract further fell below the 1300 yuan/ton mark. Overall, before terminal demand cannot be improved, the glass itself still cannot see an effective stabilization drive in the short term. The subsequent focus is still on whether the actual demand in the subsequent peak season can improve month-on-month. Before that, glass is still difficult to repair, or still maintain weak operation.
market outlook
float glass marketThe supply of goods is still relatively sufficient, but the performance of downstream demand has not improved. The overall spot transaction atmosphere is tepid, and the market has a strong wait-and-see attitude. It is expected that the float glass market price will mainly adjust within a narrow range in the short term.
