Float glass market temporarily stable operation
Float glass market price
Analysis of float glass market
Today, China's 5mm float glass market is temporarily stable compared with yesterday. Among them, the overall market performance in North China was stable, the prices of some specifications and small boards in Shahe area increased slightly, and manufacturers 'shipments improved; quotations in other regions were basically stable, downstream procurement was mainly in need, and production and sales in some regions were weak, and the market wait-and-see mood was strong. Overall, the current float glass market sentiment is relatively cautious, downstream demand has entered a seasonal off-season, and purchasing willingness has weakened; near the end of the month, glass companies generally ship at stable prices, and the price fluctuations in the spot market are limited.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on November 22 was 1,270.62, down 1.33 or 0.10% from the previous working day.
Futures dynamics
According to data from Boduo, the opening price of FG2501, the main glass contract, on November 22, was 1283 yuan/ton, and finally closed at 1240 yuan/ton, an increase of-2.36% within the day. The intraday high was 1283 yuan/ton, the lowest was 1230 yuan/ton, holding 953512 lots, a month-on-month-on-month-
Today, glass futures prices have declined significantly with the overall market environment. Currently, glass futures prices are still facing the squeezing problem of upstream markets and prices caused by the release of midstream inventories. Changes in this phenomenon may need to observe the current price difference. The short-term glass itself has not yet been obvious. Due to the repair of manufacturers 'profits, the relationship between the slowdown in the cold repair path and the improvement of the balance of actual demand has weakened slightly. However, the overall fundamental improvement path and policy expectations still exist. In the short term or with fluctuations in the overall market environment, we will wait for the transition node of negative feedback in the midstream and policy expectations.
market outlook
The cold repair process in the float glass market has slowed down significantly, and the supply side may rebound slightly. Affected by rain and snow, shipments of some manufacturers have been blocked, and downstream enthusiasm for purchasing goods has declined. It is expected that spot market prices will decline steadily in the short term.
