Float glass market stabilized and lowered

Float glass market stabilized and lowered

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is steadily declining, with prices in Southwest, East and South China markets being lowered by 20 yuan/ton. The price in the North China market has remained stable at 1600 yuan/ton. The price of 5mm large and small plate float glass in Shahe has remained stable, and glass regardless of specifications has been slightly sorted out. The shipment performance in the Central China market has been flat, with only the middle and lower reaches just needing procurement support, and the wait-and-see mood in the market has not decreased; The price trend of 5mm large plate glass in many places in the East China market has declined, and the price trend in the region has declined; part of the South China market has been affected by rainfall, and demand is weak, and manufacturers' quotations have dropped and the focus of transactions has shifted downward.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on May 20 was 1,525.89, down 5.88 from the previous working day, with a range of-0.38%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on May 20, was 1641 yuan/ton, and finally closed at 1638 yuan/ton, an intraday increase of +1.30%. The intraday high was 1655 yuan/ton, the lowest was 1625 yuan/ton, holding 766147 lots, a month-on-month-on-month basis.

Today's glass futures prices were mainly volatile. Supported by favorable macro policies and the strength of related commodities, glass futures prices have recently been running strongly. After the futures price rose, arbitrage space has been opened again. The feedback from the main spot production and marketing area was good over the weekend. Production and sales improved month-on-month, and manufacturers 'quotations have stabilized and rebounded again. However, due to the actual demand for glass terminals is temporarily limited. In the short term, there is more inventory flow between the middle and upper reaches, and there is relatively limited room for growth on the market. In the future, we can observe that the glass market is receiving positive feedback on market sustainability issues.

market outlook

With the frequent positive policies on the real estate side, the market atmosphere has been driven to a certain extent. The futures market has been strongly volatile, and the spot market has also formed a certain positive feedback. However, due to limited improvement in the fundamentals of glass itself, the upward strength or impact will continue to be exerted in the short term. It is necessary to continue to observe the impact of the implementation of macro policies on the actual demand for glass. It is expected that the float glass market will mainly stabilize prices in the short term and adjust flexibly.