Most float glass market stabilizes

Most float glass market stabilizes

Float glass market price

Analysis of float glass market

Today, most regions of China's 5mm float glass market are operating stably, and float glass prices in some regions have been lowered, including a reduction in float glass prices in Southwest China by 10 yuan/ton. At present, the price of float glass in the North China market is relatively stable. The middle and lower reaches are just in need of replenishment, and the transaction is average. The price of float glass in large and small plates in the Shahe area remains unchanged. A slight price cut for some manufacturers in South China stimulated shipments. Overall, the float glass market is relatively flat, with no new drivers, and no significant improvement in fundamentals.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 2 was 1,541.82, down 0.66 or 0.04% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on April 2, was 1495 yuan/ton, and finally closed at 1465 yuan/ton, an increase of-0.41% within the day. The highest intraday session was 1498 yuan/ton, the lowest was 1456 yuan/ton, holding 634206 lots, a month-on-month period of-24587 lots.

Glass futures prices fell slightly today. Production and sales in the core areas of the spot market have improved month-on-month, factory quotations have shown signs of temporary stabilization, and subsequent home decoration orders may have room for expectation. However, the medium-and long-term weakness of glass has not yet been broken before the terminal market shows obvious signs of improvement. In the short term, news may disturb the market before important meetings at the end of April.

market outlook

The fluctuations in the upstream soda supply and demand relationship may not be large, and the market supply and demand are in a game, and prices may continue to maintain stability in the short term. The terminal market of the floating glass market has shown no obvious signs of improvement. The market conditions are relatively flat, with no new drivers, and there has been no significant improvement in fundamentals. The float glass market is expected to remain weak in the short term.