Manufacturers 'quotations are stable, float glass market is stable

Manufacturers 'quotations are stable, float glass market is stable

Float glass market price

Analysis of float glass market

The price of 5mm float glass market in China is stable today, and the market has stabilized after yesterday's slight increase. The upward trend in upstream soda ash prices has formed strong cost support, and the float glass futures market has followed suit, boosting the purchasing sentiment in the middle and lower reaches of the spot market to a certain extent. The focus of market transactions has shifted upwards. However, the current pre-holiday stocking performance is average, and the improvement of deep processing orders is limited. The float glass market just needs general support; the quotations of manufacturers are relatively stable.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 25 was 1,533.08, an increase of 0 or 0.00% from the previous working day.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on April 25, was 1557 yuan/ton, and finally closed at 1574 yuan/ton, an intraday increase of +1.55%. The intraday high was 1596 yuan/ton, the lowest was 1547 yuan/ton, holding 833348 lots, a month-on-month-on-month.

Glass futures prices continued to rebound slightly today. Recently, glass futures prices have been operating with the strong fluctuations in related commodities and the overall market environment, forming a certain positive feedback on the spot market. Coupled with the support of pre-holiday replenishment, glass spot production and sales have improved, and factory quotations have stabilized. However, periodic positive feedback The sustainability still depends on the ability to take over the middle and lower reaches and the hedging pressure after futures prices rise.

market outlook

In terms of spot, the current contradiction between supply and demand in the float glass market still exists. The improvement in glass production and sales before the holiday has provided positive support to a certain extent. However, the current demand-side performance is lower than expected and the boost is limited. In terms of futures, glass itself has limited fundamental drive, and the market is greatly affected by fluctuations in related commodities and market environment. It is expected that the float glass spot market will stabilize and move slightly in the short term, and the subsequent demand-side performance will be observed.