Float glass market is stabilizing
Float glass market price
Analysis of float glass market
The market price of 5mm float glass in China today is stabilizing compared with last Friday. Among them, prices in the Shahe region of North China are flexibly adjusted, and downstream procurement is cautious, focusing on just needs; downstream procurement in South China's Guangdong region has reduced prices, and float glass prices have been lowered by 10 yuan/ton, resulting in a decline in market trading atmosphere; prices in other regions have generally remained stable, and trading performance remains average. At present, the float glass market is operating relatively smoothly, and manufacturers 'quotations are stable. Some manufacturers have flexibly adjusted prices to promote shipments, and the focus of transactions continues to the previous level.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on October 21 was 1,145.40, down 0.98 from the previous working day, with a range of-0.09%.
Futures dynamics
According to data from Boduo, the opening price of FG2501, the main glass contract, on October 21, was 1230 yuan/ton, and finally closed at 1246 yuan/ton, an increase of 2.55% within the day. The highest intraday session was 1248 yuan/ton, the lowest was 1215 yuan/ton, holding 1093887 lots, a month-on-month period of-1460 lots.
Today, glass futures prices were mainly strong and volatile, and they lacked obvious driving forces for the time being. They mainly followed the overall market sentiment fluctuations, and rose slightly in the late session due to the impact of news on raw materials. Overall, there is a certain marginal improvement in the fundamentals of glass itself, but there is no actual upward drive. The short-term expectation is still driven by policy expectations. In addition, the issue of reducing production at the raw material side also requires continuous attention. If manufacturers follow up with greater follow-up efforts to reduce production at the raw material side, it will lead to an increase in the center of glass costs, and the raw material side will drive the products to rebound simultaneously. If subsequent disturbances at the raw material side are limited, glass prices may remain volatile and wait to be driven.
market outlook
The float glass market is relatively flat, lacking new driving factors, and the fundamentals have not improved significantly. In the market supply and demand game, it is expected that the spot market will mainly stabilize prices and adjust flexibly in the short term.
