Float glass market adjusts narrowly

Float glass market adjusts narrowly

Float glass market price

Analysis of float glass market

Today, the domestic 5mm float glass market is mainly adjusted in a narrow range.Among them, the float glass market price in Northeast China has been lowered by 10 yuan/ton to 1380 yuan/ton; the float glass market in North China has been lowered by 10 yuan/ton as a whole. Shipments in the Beijing-Tianjin-Tangshan region have been affected by rainfall, and the 5mm large board has been lowered more., down 20 yuan/ton to 1390 yuan/tonPrices in other regions are relatively stable, and the mentality of supporting prices is still weak. Currently, some companiesThe float glass production line shows signs of accelerating cold repair, and supply has declined, while downstream still maintains a need for procurement; overall, the fundamentals of float glass have improved slightly, but the contradiction between supply and demand still exists.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on August 12 was 1,318.42, down 1.44 from the previous working day, with a range of-0.11%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on August 12, was 1311 yuan/ton, and finally closed at 1304 yuan/ton, an increase of-1.36% within the day. The intraday high was 1312 yuan/ton, the lowest was 1272 yuan/ton, holding 531093 lots, a month-on-month-on-month-

Today, glass futures prices bottomed out and rebounded mainly, but the weakness continued. Recently, some manufacturers have a firm attitude towards prices, and spot quotations in some regions show signs of stopping falling. However, there are still doubts about downstream acceptance issues, and in the short term, attention still needs to be paid to whether downstream and terminal demand can improve.

market outlook

float glass marketThe supply side has a marginal trend of profit, but the issue of downstream acceptance remains the core contradiction. It is expected that prices will continue to adjust in a narrow range in the short term.