Futures market significantly reduced positions in North China, which rose compared with the pre-holiday

Futures market significantly reduced positions in North China, which rose compared with the pre-holiday

Float glass market price

Analysis of float glass market

Today, the performance of various regions in China's 5mm float glass market is still divided. The trend in North China is strong, the overall region is rising, and the prices in other regions are relatively stable. Specifically, float glass prices in North China have been raised by 10 yuan/ton; Beijing-Tianjin-Hebei prices have been raised, and the price of 5mm plate float glass in Shahe area has increased by 4-16 yuan/ton. Manufacturers 'inventories have been relatively low, and the enthusiasm for purchasing in the middle and lower reaches is still good, and the trading atmosphere in the region has warmed up. On the other hand, the float glass market in other regions is weak. Some areas in South China are affected by rainfall, and most manufacturers have poor shipments; market prices in East China and Central China are stable and mainly wait-and-see; prices in Southwest China have dropped significantly, and sales are poor.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 11 was 1,535.6, up 6.23 or 0.41% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on June 11, was 1710 yuan/ton, and finally closed at 1667 yuan/ton, an increase of-3.47% within the day. The intraday high was 1716 yuan/ton, the lowest was 1659 yuan/ton, holding 639345 lots, a month-on-month-on-month-

Glass futures prices fell sharply today. The overall commodity market environment is weak today, mainly due to China's short sentiment covering after the weakening overseas sentiment during the holidays. 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

The inventory pressure of glass manufacturers in the float glass market is not great. They have expectations for marginal improvement in their own fundamentals and absolute prices are not high. After returning from the Dragon Boat Festival, the North China market in the float glass market has improved compared with the pre-holiday period, but manufacturers in other regions are less willing to raise prices. The wait-and-see mentality still exists. Overall, it is expected that the support below the float glass market will still exist in the short term, so observe the persistence of market sentiment.