Float glass market remains weak

Float glass market remains weak

Float glass market price

Analysis of float glass market

Today, the domestic 5mm float glass market remains weak, with prices in Northeast and South China lowered by 10 yuan/ton, and float glass prices in North China's Beijing-Tianjin-Hebei region lowered by 10 yuan/ton to 1580 yuan/ton. The overall trading volume in the North China market is average, the prices of some manufacturers have been lowered, and purchases are just needed in the middle and lower reaches. Manufacturers 'prices in the East China market remained stable today, and the market purchased on demand. The Northeast market fell 10 yuan/ton to 1660 yuan/ton. The focus of transactions in the South China market has shifted downward, and the transaction atmosphere has been weak.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 26 was 1,503.17, down 2.78 from the previous working day, with a range of-0.18%.

Futures dynamics

According to Boduo data:on June 26The main glass contract FG2409 opened at 1546 yuan/ton, and finally closed at 1557 yuan/ton, an increase of 0.65% within the day. The highest intraday session was 1558 yuan/ton, the lowest was 1528 yuan/ton, holding 622705 lots, a month-on-month period of-269 lots.

Glass futures prices remained mainly volatile in a narrow range today, and rebounded slightly in the afternoon as the market environment warmed up. 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, and the glass market has formed a negative feedback resonance situation. However, there is little 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 whether macro expectations can continue to recover. Glass may remain volatile with the market environment before new drivers emerge.

market outlook

The center of cost support in the float glass market has shifted downward, terminal orders in the glass market are insufficient, and the actual fundamental logic is still weak, and there is a high degree of dependence on further policy boosts. It is expected that the spot market will continue to remain weak in the float glass market in the short term before positive factors emerge.