The performance of various regions is differentiated, with both ups and downs

The performance of various regions is differentiated, with both ups and downs

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market has both ups and downs. As of now, the price of 5mm large-plate float glass in the North China market has stood at 1610 yuan/ton, up 10 yuan/ton. The region is mainly in need of procurement; while the focus of the transaction in Shahe has moved up, and the price of 5mm large-plate float glass has risen to 1500 yuan/ton; the southwest, central and southern China has lowered its price by 10 yuan/ton. In South China, there are many accumulated warehouses, and the willingness to increase is weak and flexible. Overall, the demand side has not improved significantly yet, and the market is relatively calm. From a regional perspective, the float glass market is strong in the north and weak in the south.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on May 27 was 1,526.46, up 2.18 or 0.14% from the previous working day.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on May 27, was 1720 yuan/ton, and finally closed at 1709 yuan/ton, an intraday increase of +0.41%. The intraday high was 1731 yuan/ton, the lowest was 1694 yuan/ton, holding 672563 lots, a month-on-month-on-month.

Today's overall glass futures prices fluctuated within a narrow range with the high market environment. The recent trend of glass prices is mainly driven by macro and linked commodities. The continuous rise in futures prices has driven speculative demand in the delivery area of the spot market, resulting in regional production and sales differences. The quotations of manufacturers in the northern core area have remained stable, while the prices in the southern region have been mostly lowered. In the short term, this round of macro sentiment and rising costs are still the main factors affecting glass futures prices. We need to beware of the overall market adjustment risks faced after macro sentiment cools down.

market outlook

The fundamental adjustment of float glass is limited, and strong supply and weak demand continue. At present, more variables are the impact of macro policies on market sentiment and policy implementation. In the future, we will continue to pay attention to the transmission of upward demand from terminals. It is expected that the float glass market will stabilize in the short term. Focus on prices and adjust flexibly.