Float glass market is stable and weak

 Float glass market is stable and weak

Float glass market price

Analysis of float glass market

Today, the price of 5mm float glass in China is stable and weak. The float glass market in the North China market is at 1590 yuan/ton, and the overall transaction atmosphere has cooled down compared with the previous period. The 5-mm plate float glass in the Shahe area has stabilized, and the quotations of individual manufacturers have been lowered. Market prices in Central, Northeast and Northwest regions are relatively stable, with a wait-and-see attitude. The market in South China is stable and weak, with increased rainfall in some areas, reduced downstream procurement frequency, and blocked shipments from manufacturers. Overall, the downstream willingness to receive orders in the float glass market is weak and transactions are relatively flexible.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on April 28 was 1,532.35, down 0.45 from the previous working day, with a range of-0.03%.

market outlook

Upstream soda ash companies have little inventory pressure, production and sales are still good, the soda ash market is expected to fluctuate at a high level, and float glass manufacturers have good cost support; positive market feedback brought by the resonance of current prices and pre-holiday stocking in the middle and lower reaches have driven recent production and sales, but sustainability needs to be considered when terminal demand improves limited. The fundamental drive of glass itself is still relatively limited, and the pattern of strong supply and weak demand has not yet been broken. It is expected that the float glass spot market will be mainly weak and stable in the short term.