The mood on the floor improved. The float glass market was stable and strong

The mood on the floor improved. The float glass market was stable and strong

Float glass market price

Analysis of float glass market

Today, the price of 5mm float glass in China is stable and strong. Among them, the North China market stopped falling and turned up, and the sentiment in the market improved. The overall increase in North China was increased by 10 yuan/ton to 1590 yuan/ton. The Shahe area was stable and increased, and the 5mm board was adjusted in a narrow range. Quotes from float glass manufacturers in other regions are relatively stable. Inventory in the middle and lower reaches is relatively low, but the current market replenishment situation has increased before May Day, the enthusiasm on the market has increased, and the focus of transactions in some areas of the float glass market has shifted.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 24 was 1,533.08, up 3.4 or 0.22% from the previous working day.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on April 24, was 1509 yuan/ton, and finally closed at 1552 yuan/ton, an intraday increase of +1.70%. The highest intraday session was 1566 yuan/ton, the lowest was 1509 yuan/ton, holding 880573 lots, a month-on-month-on-month-on-month.

Today, glass futures prices opened lower and moved higher, mainly recovering in a narrow range. Market production and sales improved yesterday, and spot prices showed signs of stabilization, which may indicate that the current resonance has affected the glass market to form periodic positive feedback. However, the fundamental drive of glass itself is limited, and the futures price fluctuates mainly with related commodities and market environment.

market outlook

The current contradiction between supply and demand in the float glass market still exists. However, glass production and sales have improved before the festival, and market procurement efforts have increased before the festival, which may lead to an improvement in the mood in the market. It is expected that the float glass market will fluctuate within a narrow range in the short term, and continue to observe the long-term demand side.