The float glass market is mainly stable, with individual downgrades

The float glass market is mainly stable, with individual downgrades

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is mainly stable, with individual downgrades. As of now, the price of 5mm large plate float glass in North China is 1600 yuan/ton; the price of 5mm large plate float glass in Southwest China is 1760 yuan/ton; The price of 5mm large plate float glass in East China is 1720 yuan/ton. At present, macro-level real estate policies continue to increase, the market atmosphere is warming, the futures market is strong and volatile, and the spot market has also formed certain positive feedback. However, given the limited improvement in fundamentals, inventory flows between the middle and upper reaches are dominated, and the persistence of speculative demand needs to be considered., there is still some support for the bottom of the price, but further upward drive is relatively limited.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on May 21 was 1,524.44, down 1.45 from the previous working day, with a range of-0.10%.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on May 21, was 1633 yuan/ton, and finally closed at 1657 yuan/ton, an intraday increase of +1.10%. The intraday high was 1682 yuan/ton, the lowest was 1632 yuan/ton, holding 741083 lots, a month-on-month-on-month-

Today, glass futures prices are generally strong. Recently, the fundamentals of glass itself have not changed much. The price trend is mainly driven by macro and linked commodities. The continuous rise of futures prices has driven speculative demand in the spot market. However, due to the temporary limited improvement in actual demand for glass terminals, the room for growth on the market is relatively limited. It can be observed that the glass market is feeding back persistent problems. Once the market shows signs of marginal weakening, speculative backlash may intensify.

market outlook

The operating rate on the supply side of the float glass market has stabilized and fluctuated slightly, remaining at a relatively high level. Production and sales in some areas of the market are acceptable, but the overall transaction is average. It is necessary to continue to observe the recovery of the demand side. In the short term, the float glass market is expected to continue to operate steadily and flexibly adjust.