The float glass market has fallen back

The float glass market has fallen back

Float glass market price

Analysis of float glass market

China's 5mm float glass market has weakened today after a week of continuous gains. Among them, the float glass market price in North China has been lowered by 10 yuan/ton. Shipments of 5mm glass plates in the Shahe area have slowed down, trading atmosphere has been insufficient, and manufacturers 'quotations have been lowered. The performance of the float glass market in Central China was moderate, and the price rose slightly. Most manufacturers in other regions maintain a wait-and-see attitude and their quotations are relatively stable. Overall, the phased stocking of the float glass market has ended, and the float glass market in some regions has declined.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 15 was 1,561.04, down 5.09 or 0.33% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on April 15, was 1499 yuan/ton, and finally closed at 1473 yuan/ton, an increase of-1.27% within the day. The intraday high was 1504 yuan/ton, the lowest was 1451 yuan/ton, holding 946518 lots, a month-on-month +118636 lots.

Glass futures prices continue to be weak today. Spot prices in the main production and sales areas continued to fall over the weekend, and production and sales continued to weaken month-on-month. In the early stage, mid-stream replenishment was basically in place, and actual terminal demand was generally accepted. The futures market was facing strong hedging pressure. The short-term glass market may still be mainly weak. However, it should be noted that the subsequent terminal market still has expectations of a month-on-month recovery and macro funds versus policies. The game of expectations.

market outlook

There have been few adjustments to the production line at the supply side of the float glass market, and supply has remained relatively high. The demand side has come to an end after the holiday. Currently, the demand side has a limited rise. It is expected that the float glass market will adjust within a narrow range in the short term, and there will be insufficient upside space, but it is necessary to Continue to observe subsequent terminal market performance.