The float glass market fluctuates less, and individual centers of gravity move downward
Float glass market price
Analysis of float glass market
Today, China's 5mm float glass market has less fluctuations. Transactions in the Shahe area of North China have weakened compared with the previous working day. The quotations from float glass manufacturers of various specifications and sizes have narrowed slightly. Among them, the price of 5mm large float glass dropped by 4 yuan/ton to 1480 yuan/ton; Eastern China has stabilized and the market price is relatively stable; the central China market is mainly in need of procurement, and the overall manufacturer's shipments are moderate; most prices in the southern China market are stable.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on May 14 was 1,534.02, down 1.69 from the previous working day, with a range of-0.11%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on May 14, was 1610 yuan/ton, and finally closed at 1574 yuan/ton, an increase of-1.93% within the day. The intraday high was 1612 yuan/ton, the lowest was 1564 yuan/ton, holding 783125 lots, a month-on-month period of 9852 lots.
Today, glass futures prices fell within a narrow range with the overall commodity market environment. The performance of the spot market has weakened recently. Production and sales in major regions have weakened month-on-month over the weekend. Factory quotations have been lowered. There are now signs of negative feedback in the market. At present, the fundamental supply and demand situation of glass has not changed significantly. Futures prices lack their own driving forces and fluctuate more or mainly with related commodities. In the short term, it is necessary to guard against violent fluctuations caused by capital behavior.
market outlook
After the float glass market has been stimulated by favorable macro policies in the early stage, the current positive feedback from the spot market is not as good as expected. Returning to fundamentals, terminal demand has not improved significantly, while the supply side remains high. The pattern of strong supply and weak demand still puts pressure on float glass prices, and the market has a strong wait-and-see attitude. It is expected that the float glass market may continue to remain stable in the short term and wait to drive.
