Float glass market is stable and declining

Float glass market is stable and declining

Float glass market price

Analysis of float glass market

Today, the domestic 5mm float glass market is stable and declining, with float glass prices in East and South China falling by 10-20 yuan/ton. The trading atmosphere in the North China market was general, and the price of 5mm small float glass in Shahe dropped slightly. The quotations of some manufacturers in the East China market have been loosened, and market transactions are relatively flexible. The focus of transactions in the South China market has shifted downward, and manufacturers have preferential policies to stimulate shipments. Float glass prices in the southwest market stopped falling and stabilized, maintaining at 1590 yuan/ton.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 25 was 1,505.95, down 3.69 from the previous working day, with a range of-0.24%.

Futures dynamics

According to Boduo data:June 25The main glass contract FG2409 opened at 1537 yuan/ton, and finally closed at 1551 yuan/ton, an increase of 0.19% within the day. The intraday high was 1560 yuan/ton, the lowest was 1534 yuan/ton, holding 622974 lots, a month-on-month-on-month.

Glass futures prices fluctuated strongly today, mainly boosted by the news of the afternoon meeting between the two departments on the delivery guarantee building. 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 volatile with the market environment.

market outlook

The center of cost support in the float glass market has shifted downward. The futures market has released pessimism after yesterday's sharp drop. Today's futures are running strongly, but the glass shows that the logic is weak, and the improvement in its own demand is relatively limited. It is expected that there will be no new positive factors in the float glass market in the short term, and the spot market will remain relatively weak.