Float glass market transaction center moves downward
Float glass market price
Analysis of float glass market
Today, the domestic 5mm float glass market fell significantly from last Friday, with float glass prices in Southwest, Central and North China falling by 10-40 yuan/ton. The focus of transactions in the North China market has shifted downward, and market prices have dropped significantly. The price of 5mm plate float glass in Shahe area has been lowered by 12-32 yuan/ton, and the purchasing sentiment in the middle and lower reaches of the market has been general. Float glass prices in East and South China markets were relatively stable, maintaining at 1730 yuan/ton. The central China market performed generally, with manufacturers 'quotations falling mostly. Market prices in Southwest China fell by 10 yuan/ton to 1590 yuan/ton.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on June 24 was 1,509.64, down 14.47 from the previous working day, with a range of-0.95%.
Futures dynamics
According to Boduo data:June 24The opening price of FG2409, the main glass contract, was 1571 yuan/ton, and finally closed at 1534 yuan/ton, an increase of-3.58% within the day. The intraday high was 1589 yuan/ton, the lowest was 1525 yuan/ton, holding 640262 lots, a month-on-month +16950 lots.
Glass futures prices fell sharply today. At present, the realistic logic of glass is still weak, the improvement of its own demand is relatively limited, the focus of cost support continues to move downward, coupled with the recent weak overall environment of the commodity market, the glass market has formed a negative feedback resonance situation. However, there is not much profit left on the glass plate, and based on the expectation that the glass supply side will store cold and repair will benefit, there will still be funds backed by the expected logic of the cost game after the price falls. In the future, we need to continue to pay attention to whether the overall commodity market environment can stabilize, and in the new drive. Before the emergence of glass may remain weak and volatile with the market environment.
market outlook
Manufacturers in the float glass market have slow shipments, poor sales and accumulated on-site inventories. High supply and weak demand continue to suppress glass prices. Float glass as a whole continues to weaken, and it may be difficult to achieve eye-catching performance before no new expectations arise. It is expected that the float glass market may continue to operate weakly in the short term.
