Futures prices weakened, short sentiment increased, and glass production and sales fell in the spot market

Futures prices weakened, short sentiment increased, and glass production and sales fell in the spot market

Float glass market price

Analysis of float glass market

Most of the quotes in China's 5mm float glass market today remain stable. The market price of 5mm small float glass in Shahe, North China fell by 4 yuan/ton to 1420 yuan/ton. Transactions in the zone slowed down and manufacturers 'willingness to support prices weakened. The price in the East China market has been raised by 10 yuan/ton to 1740 yuan/ton, and manufacturers 'production and sales are still acceptable; manufacturers' inventory pressure in the Central China market has not been large, and the market quotation is stable. The middle and lower reaches of South China are mainly in need of procurement, and manufacturers 'shipments are stable.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 13 was 1,534.35, down 1.69 from the previous working day, with a range of-0.11%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on June 13, was 1679 yuan/ton, and finally closed at 1641 yuan/ton, an increase of-1.80% within the day. The intraday high was 1679 yuan/ton, the lowest was 1620 yuan/ton, holding 643581 lots, a month-on-month +1775 lots.

Today, glass futures prices mainly opened higher and lower with market macro sentiment. At present, the fundamental improvement of glass itself is limited. After the market sentiment cools down, it will form a certain negative feedback on the spot market. The reality of glass lacks strong driving force. However, glass supply and demand expectations show marginal changes, and their absolute prices are not high. Under the logic of off-season trading expectations, the room for decline in glass prices may be 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

At present, the glass sentiment in the float glass market has cooled down, and the market transaction performance is average, but its own fundamentals have marginal improvement expectations and absolute prices are not high. Support under the float glass market still exists, and there is also a lack of positive drivers. It is expected that the float glass market will fluctuate within a narrow range and observe changes in market sentiment.