Futures prices were weak and volatile during the week. The spot market rose slightly month-on-month (6.13 Weekly Review of Floating Glass)

Futures prices were weak and volatile during the week. The spot market rose slightly month-on-month (6.13 Weekly Review of Floating Glass)

1. Analysis of the float glass market

This week, China's 5mm float glass market prices rose first and then fell, and overall rose slightly. In terms of price, float glass prices in East, Central and North China have been increased by 10-10 yuan/ton, and prices in the southwest market have been lowered by 20 yuan/ton to 1650 yuan/ton. This week, the focus of transactions in the float glass market rose slightly. Production and sales in North China were high before and then low. At the beginning of the week, the relatively low inventory in the region combined with good market sentiment, and manufacturers shipped better. However, as the market sentiment weakened after the holiday, manufacturers shipped goods also weakened; shipments in South China were blocked due to rainfall and weather, and the overall market transaction atmosphere was general; demand support in East China was general, and manufacturers had limited willingness to increase prices. At present, the glass sentiment in the float glass market has cooled down, but its own fundamentals are expected to improve marginally and absolute prices are not high. Support still exists under the float glass market. However, there is a lack of actual positive driving in the short term. It is expected that the float glass market will fluctuate within a narrow range in the short term. Observe changes in market sentiment.

In terms of futures, market sentiment cooled during the glass week, and prices fell slightly month-on-month. At present, the glass supply side continues to decline, showing a marginal advantage. Demand is expected to have room for improvement, but actual demand may not be boosted strongly in the short term. In the short term, the contradictions and price valuation of glass itself are basically reasonable. In the short term, it may remain high and volatile, waiting for new market trading points.

2. Comparison of float glass market prices

3. Float glass inventory

The total inventory of float glass manufacturers this week was 58.137 million heavy boxes, compared with 58.053 million heavy boxes last week, an increase of 84,000 heavy boxes from last week, or 0.14%. The weekly inventory of float glass manufacturers increased slightly during the week.

4. Weekly operating rate of float glass

This week, the weekly operating rate of float glass was 83.26%, a month-on-month period of-0.43%. The overall operating rate declined.

5. Weekly float glass output

This week, China's glass production lines totaled 303 after eliminating zombie production lines, of which 251 were in production. Float glass output was 1.1951 million tons, or-0.55% month-on-month. Production fell slightly during the week.