The increase in market positions is obvious. The spot market is stable and strong

The increase in market positions is obvious. The spot market is stable and strong

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is stable and strong, with part of the North China market increasing. The price of 5mm large float glass in Shahe area is relatively stable, and the price of 5mm small float glass has increased. Overall, production and sales in the Shahe area have improved; prices in the Central China market rose by 10 yuan/ton to 1580 yuan/ton, and there was little inventory pressure on manufacturers in the area. Quotes from manufacturers in other regions have stabilized, and wait-and-see sentiment still exists. At present, the fundamental expectations of the float glass market show marginal changes, and the mentality of the middle and lower reaches has improved.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 6 was 1,524.62, up 2.25 or 0.15% from the previous working day.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on June 6, was 1692 yuan/ton, and finally closed at 1739 yuan/ton, an increase of 3.57% within the day. The intraday high was 1741 yuan/ton, the lowest was 1692 yuan/ton, holding 721247 lots, a month-on-month +63232 lots.

Today, glass futures prices rebounded sharply, and funds flowed in. Recently, glass production and sales have continued to be strong, and manufacturers 'inventories have not been high. Although actual demand has not improved explosively, supply and demand expectations have shown marginal changes. Moreover, its absolute price is not high, and its profits and losses are relatively good. After showing signs of stabilization in the overall commodity market environment, it is more favored by funds. In the short term, glass can still be viewed strongly under the logic of expectations.

market outlook

At present, the favorable macro and energy consumption policies have cooled down, but the market's macro sentiment is still repetitive. Coupled with the continued removal of float glass manufacturers 'inventories, the fundamentals of the float glass market are showing signs of improvement. It is expected that the bottom of the float glass market will be supported in the short term. Still, the price is stronger than the previous trend.