The float glass market is stabilizing, and some regions have increased their prices

The float glass market is stabilizing, and some regions have increased their prices

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is stabilizing, with some regions increasing its price. Among them, the float glass market price in North China has increased by 10 yuan/ton. The market price of float glass in North China continues to increase. The price of 5mm small plate glass in Shahe has increased significantly, with an increase of 20 yuan/ton. Manufacturers have shipped well and there is little inventory pressure. In the East China market, the mentality of offering prices is still strong today, and production and sales are still good.; The quotations of float glass manufacturers in the South China market are relatively stable.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 11 was 1,565.24, up 5.04 or 0.32% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on April 11, was 1525 yuan/ton, and finally closed at 1493 yuan/ton, an increase of-1.91% within the day. The intraday high was 1526 yuan/ton, the lowest was 1489 yuan/ton, holding 824594 lots, a month-on-month +86291 lots.

Glass futures prices fell slightly today. Spot prices continue to increase today, but the subsequent replenishment of stocks in the middle and lower reaches has been relatively limited. If subsequent terminal demand is generally accepted, the price increase will stagnate and the glass market may face stronger selling pressure. In addition, the impact of macro sentiment on the market has increased recently, and the macro capital entry layout game policy expectations may form certain support for glass prices.

market outlook

Some production lines at the supply side of the float glass market were repaired under cold conditions but still remained at a relatively high level. The purchasing sentiment in the middle and lower reaches of the demand side improved after the holiday. However, the enthusiasm for receiving goods in the middle and lower reaches has weakened at present, and manufacturers 'quotations are stable and rising. It is expected that in the short term, float glass market sentiment still exists, but it is necessary to observe whether the actual terminal capacity in the later period can push the market further upward.