The floating glass market fell slightly

The floating glass market fell slightly

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market was mainly down slightly, with floating glass market prices in Southwest, East China, Central China, Southwest and North China down by 10-50 yuan/ton, and market prices in Northeast and Northwest China remained flat. The overall North China market declined within a narrow range, with a limited decline. The Shahe region has recently strengthened environmental protection controls, restricted vehicle transportation and relatively stable market prices; the quotations of some manufacturers in Beijing, Tianjin and Hebei have been lowered. The southwest market has the largest downward adjustment, with slow downstream and terminal demand in the region, and poor shipments from manufacturers. Lower prices stimulate shipments. The transaction atmosphere in South China is not good, and there is more wait-and-see attitude. Overall, China's floating glass market still maintains a weak operation.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on March 18 was 1,671.64, down 10.56 from the previous working day, or 0.63%.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on March 18, was 1605 yuan/ton, and finally closed at 1534 yuan/ton, an increase of-4.24% within the day. The intraday high was 1614 yuan/ton, the lowest was 1528 yuan/ton, with 49161 lots held, and the month-on-month +49161 lots.

Glass futures prices fell sharply today. 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. Coupled with the news that a large number of downstream deep processing companies in a certain region were suspended over the weekend, the already weak glass demand has once again worsened, and market pessimism continues to ferment.

market outlook

Upstream soda demand is mainly in need of procurement, and the supply side has been adjusted within a narrow range, and soda ash may be reduced slightly in the short term. The downstream and terminal demand in the floating glass market is slow and has not yet shown a significant improvement; the glass market starts to be relatively stable and relatively high, and the overall market transactions fell short of expectations. It is expected that the float glass market price will be weak in the short term.