The float glass market is stable and moving slightly
Float glass market price
Analysis of float glass market
Today, the domestic 5mm float glass market is stable and moving slightly.Among them, the trading atmosphere in North China is general, and the price of 5mm large float glass in Shahe has been slightly lowered.; Production and sales in some areas of South China are still good, and individual companies are willing to keep prices in the future; prices in Central and East China are relatively stable, and most of them are mainly stable. Currently, some companiesThe float glass production line still shows signs of accelerating cold repair, and supply has dropped slightly;However, the downstream still maintains just need to purchase, and the power to replenish goods is limited; The float glass market logic is still dominated by weak fundamentals.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 13 was 1,317.62, down 0.80 from the previous working day, with a range of-0.06%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on August 13, was 1304 yuan/ton, and finally closed at 1267 yuan/ton, an increase of-2.39% within the day. The highest intraday session was 1305 yuan/ton, the lowest was 1255 yuan/ton, with 532549 lots held, a month-on-month increase of 414 lots.
Today, glass futures prices continued to decline as the market environment continued to be weak. The fundamentals of glass itself are still dominated by strong supply and weak demand. Although supply has continued to decline in the near future and there is a marginal improvement expectation, it is difficult to reverse the market direction until demand problems cannot be improved. Despite the recent behavior of some manufacturers in the spot market, their downstream undertaking capabilities are limited, making it difficult to form a price support mentality under the premise of continuous positive feedback or difficult to maintain. In the short term, it is still necessary to observe whether terminal demand can improve month-on-month in the peak season. Before that, glass prices may still remain weak.
market outlook
float glass marketThe supply side has a marginal trend of profit, but the issue of downstream undertaking remains the core contradiction; the improvement on the demand side is still insufficient in the short term, and prices are expected to remain mainly adjusted in a narrow range.
