Float glass market partially rose

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April 7, 2024, 5:02 PM

Float glass market price

market	model	April 3	April 7	rise and fall	units
northeast	5mm large plate	1680	1690	10	Yuan/ton
Northwest	5mm large plate	1770	1720	-50	Yuan/ton
Southwest	5mm large plate	1790	1790	0	Yuan/ton
East China	5mm large plate	1820	1820	0	Yuan/ton
Huazhong	5mm large plate	1610	1570	-40	Yuan/ton
South China	5mm large plate	1850	1850	0	Yuan/ton
North China	5mm large plate	1580	1580	0	Yuan/ton
Beijing, Tianjin and Tangshan	5mm large plate	1600	1600	0	Yuan/ton
Shahe	5mm large plate	1456	1460	4	Yuan/ton
Shahe	5mm small plate	1372	1376	4	Yuan/ton

Analysis of float glass market

Today, China's 5mm float glass market adjusted within a narrow range. Among them, the float glass market in Northeast China and Hebei Shahe markets turned higher, with an increase of 4-10 yuan/ton, and the northwest and central China markets were lowered by 40-50 yuan/ton. Quotes in other regions were relatively stable. At present, the fundamentals of the float glass market have changed relatively little to maintain the status quo. Recently, float glass prices have been lowered successively and the room for decline has narrowed. During the Qingming Festival holiday, some manufacturers raised their quotations, but manufacturers in some regions have a serious accumulation of stocks and a weak attitude towards supporting prices. Quotes have been lowered.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 7 was 1,536.08, up 0.71 or 0.05% from the previous working day.

Futures dynamics

During the Qingming Festival, production and sales in North and Central China improved significantly, and inventories showed an inflection point in destocking. Among them, midstream replenishment is still the main focus. The actual performance of the terminal market is still weak compared with last year. However, on a month-on-month basis, it is still in the process of continuous recovery. The market still has expectations for seasonal demand expectations. It is expected that the market will have a strong performance tomorrow, but the intensity may depend on the sustainability of this round of replenishment.

market outlook

The supply of soda ash in the upstream market continues to remain relatively high, while downstream procurement is cautious and small quantities are mainly needed. In the short term, soda ash prices will be adjusted mainly within a narrow range. Strong supply and weak demand in the float glass market continue, limited improvement on the demand side, strong bearish sentiment among traders, low enthusiasm for entering the market and insufficient support. It is expected that the float glass market will continue to remain weak in the short term.