Float glass market is stable and weak

Float glass market is stable and weak

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is stable and weak. The middle and lower reaches of the North China market are just in need of purchasing. The stable price shipments of manufacturers are still stable, and the market price remains unchanged at 1610 yuan/ton. The southwest region has been continuously lowered, and the current market price is at 1720 yuan/ton; Central China market prices are stable; the price of 5mm small float glass in Guangdong in South China has been significantly loosened, down 60 yuan/ton to 1560 yuan/ton. The price of 5mm large float glass is relatively stable. Overall, there is a lack of strong driving boost in the field, the mid-stream operations are more cautious, and market transactions are mainly flexible.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on May 28 was 1,523.46, down 3 from the previous working day, with a range of-0.20%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on May 28, was 1705 yuan/ton, and finally closed at 1688 yuan/ton, an increase of-1.46% within the day. The intraday high was 1719 yuan/ton, the lowest was 1681 yuan/ton, holding 684185 lots, a month-on-month +11622 lots.

Today's overall glass futures prices are mainly operating with the weak market environment. Recently, the fundamental driving force of glass itself has been limited, and the price trend is mainly driven by macro and linked commodities. Today, macro sentiment has weakened, and capital outflows from the commodity market are dominated. After the midstream replenishment capacity of the glass market gradually weakened, the market performance of the core production and marketing areas weakened simultaneously, and the continuity of positive feedback was hindered to a certain extent. In the short term, it is necessary to observe whether repeated macro emotional problems affect the rush mentality in the middle reaches.

market outlook

The improvement of downstream orders on the demand side of float glass is limited, and the willingness to hoard goods is not strong. The market has been flexible and cautious in recent transactions, and there is a lack of good news to boost it. It is expected that the float glass market may remain weak in the short term before the demand side improves significantly. Operation, and continue to pay attention to further substantial benefits on the real estate side and the transmission of upward demand from terminals.