Float glass market continues to rise

Float glass market continues to rise

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market continued to rise, with float glass prices in Southwest, Central, South and North China rising by 10 yuan/ton, and quotations in other regions were relatively stable. At present, the enthusiasm of the middle and lower reaches of the float glass market to obtain goods has improved, manufacturers have an increasing mentality of quoting prices, and shipments continue to improve. Prices in North China continue to increase slightly. The market price of large and small plate float glass in Shahe area has increased by 12 yuan/ton., the Beijing-Tianjin-Hebei region has also followed suit. Some traders in the South China market replenished appropriately; the float glass market in Central China continued to increase.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 10 was 1,560.2, up 6.47 from the previous working day, or 0.42%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on April 10, was 1520 yuan/ton, and finally closed at 1518 yuan/ton, an increase of 1.88% within the day. The intraday high was 1541 yuan/ton, the lowest was 1503 yuan/ton, holding 738303 lots, a month-on-month +14094 lots.

Today, glass futures prices were high and mainly volatile within a narrow range. Recently, due to the rebound in production and sales in the spot market and the continuous rise in spot prices, market sentiment has been boosted. However, the receiving sentiment in the middle and lower reaches has weakened slightly. If subsequent terminal demand is generally accepted, the price increase will stagnate, and the glass panel may once again face high hedging pressure. In addition, the impact of macro sentiment on the market has intensified recently. Today's glass market fluctuations are mainly due to the market environment. The macro capital entry layout game policy expectations may form certain support for glass prices.

market outlook

The supply-demand relationship in the float glass market has improved. The northern region has driven the sentiment in the southern market. The float glass market continues to rise. It is expected that the sentiment in the float glass market will still exist in the short term, but it is necessary to observe whether the actual terminal capacity supports the market to further improve.