Most of the floating glass market has stable prices

Most of the floating glass market has stable prices

Float glass market price

Analysis of float glass market

Today, prices in most areas of China's 5mm float glass market are stable and mostly stable. At present, the production and sales situation in the floating glass market has improved, and the prices of 5mm small plate glass in Shahe area have gradually stabilized. The resumption of work at terminals has poor support for the glass market. The downstream sentiment in purchasing goods is still poor. The majority of the wait-and-see mentality is majority. The recovery on the demand side is relatively slow, and there has been no significant improvement. Overall, market transaction performance was moderate, and manufacturers in some regions had certain inventory pressure.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on March 14 was 1,681.73, down 1.02 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 14, was 1583 yuan/ton, and finally closed at 1571 yuan/ton, an increase of-0.95% within the day. The highest intraday session was 1601 yuan/ton, the lowest was 1556 yuan/ton, holding 667970 lots, a month-on-month period of-30406 lots.

Today, glass futures prices continued to be weak and volatile. Recently, some upstream manufacturers have continued to maintain and maintain prices, and production and sales have picked up, but the actual demand from downstream and terminals is still difficult to explain. At present, the pricing of futures prices basically takes into account the expectation of a sluggish peak season. As the delivery time of the main contract approaches, after the expected transaction returns to reality, the persistence of manufacturers 'price support will affect the convergence of the basis of the main contract. In the short term, the trend of futures prices may fluctuate within a narrow range based on changes in spot prices.

market outlook

Supported by manufacturers 'price insurance policies, the market transaction atmosphere has improved. However, the recovery of downstream and terminal demand still needs to be considered. It is difficult to support price increases in the short term, and pressure on the supply side of some enterprises still exists. It is expected that the float glass market price will be weak in the short term.