Glass futures prices led the rise on the list, and the spot market was running weakly and steadily
Float glass market price
Analysis of float glass market
Today, China's 5mm float glass market is operating weakly and steadily, with prices in the North China market stabilizing and slightly moving, prices in the Shahe area stabilizing and some small-specification glass prices falling; the Central China market continues to operate steadily; manufacturers in South China have shipped poorly, and the market trading atmosphere is general. Prices in the southwest market continued to decline, and high-end prices of some manufacturers were loosened. There are certain expectations for improvement in the fundamentals of the float glass market, but the impact on price changes before the emergence of real drivers is relatively limited.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on June 4 was 1,522.04, down 0.89 from the previous working day, with a range of-0.06%.
Futures dynamics
According to Boduo data, the opening price of FG2409, the main glass contract, on June 4, was 1668 yuan/ton, and finally closed at 1676 yuan/ton, an increase of 0.84% within the day. The intraday high was 1689 yuan/ton, the lowest was 1634 yuan/ton, holding 657850 lots, a month-on-month-on-month-
Glass futures prices performed relatively strongly today, mainly bottoming out and recovering due to the support from the bottom of the channel below. Although the current fundamentals of glass itself have limited improvement, supply and demand expectations have shown marginal changes, and its absolute price is not high, and the room for decline is relatively limited. In the future, we need to continue to pay attention to whether the overall commodity market environment can stabilize, and glass may remain dominated by wide fluctuations before new drivers emerge.
market outlook
There are certain regional differences in the float glass spot market, and the overall improvement in downstream demand is limited. The futures market is greatly affected by macro sentiment fluctuations. Market operations are relatively cautious. It is expected that the float glass spot market will remain weak and stable in the short term.
