The float glass market is mainly stable, and some regions rise

The float glass market is mainly stable, and some regions rise

Float glass market price

Analysis of float glass market

Today, transactions in the float glass market in some regions of China have improved. Among them, the market price of 5mm large float glass in East China has been increased by 20 yuan/ton. Most downstream purchases are made on demand in East China, and company shipments are relatively stable. Some companies have raised their quotations, increasing the mentality of supporting prices. Downstream procurement enthusiasm in South China has performed poorly, and the quotations of production companies have remained stable. The price of 5mm large float glass in Guangdong has been lowered by 10 yuan/ton. Areas with poor sales have flexibly adjusted quotations to stimulate shipments. Overall, downstream demand in the float glass market is relatively stable, manufacturers 'quotations are relatively flexible, and the fundamental situation of glass remains weak.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on February 29 was 1,814.62, up 1.34, or 0.07%.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on February 29, was 1639 yuan/ton, and finally closed at 1645 yuan/ton, an increase of-1.79% within the day. The intraday high was 1653 yuan/ton, the lowest was 1622 yuan/ton, holding 596687 lots, a month-on-month-on-month.

Today, the glass disk is dominated by weak fluctuations in a narrow range due to the market environment. Glass itself is in a fundamental logic of strong supply and weak demand. Today, changes in related commodities affect the mood of glass. In the short term, the mentality of downstream replenishment is still dominated by just needs, and the sustainability of replenishment still needs to see the improvement of the resumption of work in the terminal market. Before that, the glass fundamentals are temporarily difficult to reverse. However, it is necessary to pay attention to whether some macro data and monetary policy announcements tomorrow will exceed expectations.

market outlook

The upstream soda ash market remains sluggish, the overall transaction atmosphere is relatively light, and manufacturers start construction has increased within a narrow range. However, downstream procurement mentality is cautious and demand is average. The market wait-and-see attitude is heavy, and soda ash prices remain weak in the short term. The downward trend in glass costs remains unchanged, the supply production capacity is relatively high, the recovery of downstream demand is slow, and the market's enthusiasm for obtaining goods is less than expected. Overall, it is expected that the float glass market will be dominated by consolidation in the short term.