The float glass market is generally stable

The float glass market is generally stable

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is running steadily. The quotations of manufacturers in various regions are relatively stable, and some manufacturers in North China have lowered their prices slightly. At present, the overall decline in the float glass market has narrowed. Most of the downstream demand side are in need of procurement, and most of the replenishment is at the low level of sales and purchase. The float glass market is generally traded, and corporate quotations have stabilized. However, overall, the fundamentals of float glass remain relatively weak and there is no significant improvement.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 3 was 1,535.37, down 6.45 or 0.42% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2405, the main glass contract, on April 3, was 1468 yuan/ton, and finally closed at 1466 yuan/ton, an increase of-0.48% within the day. The intraday high was 1482 yuan/ton, the lowest was 1461 yuan/ton, holding 519406 lots, a month-on-month-on-month.

Today, glass futures prices remained weak and mainly volatile. As the Qingming Festival approaches, funds from both sides of the futures market are mainly volatile, and ex-factory prices in the core area of the spot market are lowered slightly again. During the week, manufacturers continued to accumulate stocks, and futures prices are operating under pressure. The subsequent main contract is about to be moved, and attention should be paid to the convergence of basis.

market outlook

The construction of the upstream soda ash market is expected to increase slightly; however, there is pressure on new soda ash orders, and there is no good market to support the upward trend of prices. In the short term, soda ash prices will be mainly adjusted within a narrow range. Although the factory quotation in the float glass market is temporarily stable, there are still no positive factors in the terminal market. Strong supply and weak demand in the float glass market continue. It is expected that the float glass market will continue to remain weak in the short term.