The floating glass market is mainly stable

The floating glass market is mainly stable

Float glass market price

Analysis of float glass market

Today, prices in most areas of China's 5mm float glass market remained stable and fell in some cases. Among them, gasoline prices in Southwest and East China were lowered by 10 yuan/ton. The enthusiasm of the middle and lower reaches of East China to obtain goods needs to be improved. Manufacturers 'shipment performance is average, and manufacturers with poor sales have allowed profits to ship. There is more wait-and-see sentiment in the southwest market, and the trading atmosphere is weak; the market atmosphere in North China has rebounded, vehicle logistics and transportation in Shahe has resumed, and some manufacturers have implemented the Poly policy. The company's shipments have improved and the quotations have been relatively stable. The overall operation of the South China market is stable, but the production and sales of enterprises in the Fujian market are flat.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on March 13 was 1,682.75, down 1 or 0.06% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on March 13, was 1600 yuan/ton, and finally closed at 1575 yuan/ton, an increase of-0.94% within the day. The intraday high was 1602 yuan/ton, the lowest was 1569 yuan/ton, holding 698376 lots, a month-on-month +20248 lots.

Today, glass futures prices are weak and mainly volatile. Recently, production and sales have improved after some manufacturers have experienced price protection and price stabilization, but most of them have mainly flowed to the middle reaches. The actual demand from downstream and terminals has not yet improved significantly. The positive transmission between industrial chains is still difficult to achieve, and market expectations are still difficult to say. It is improving. However, the current inventory pressure on upstream manufacturers is not too great compared with previous years. If manufacturers continue to support prices, subsequent futures prices will not be ruled out to repair the basis upwards over time.

market outlook

The operating rate of the soda ash market has been slightly adjusted, and the overall start-up of enterprises has been at a high level. With the consumption of inventory in the downstream market, shipments of some soda plants have increased, and the market transaction atmosphere has improved. The orders and refunds of downstream deep processing companies in the floating glass market are still in the recovery stage, downstream demand is weak, and the overall transaction atmosphere is tepid. It is expected that float glass market prices will remain weak in the short term.