Float glass market is under pressure and falls

Float glass market is under pressure and falls

Float glass market price

Analysis of float glass market

The domestic 5mm float glass market generally declined today, and the trading atmosphere on the floor was not good. The overall North China market fell by 10 yuan/ton to 1570 yuan/ton. Among them, 5mm plate float glass in the Shahe area fell, and manufacturers were less willing to support prices. Production and sales in the East China market are poor, and the quotations of manufacturers in some regions continue to weaken. Float glass prices in Northeast, Northwest, Southwest and Central China will be lowered by 10-30 yuan/ton. Float glass prices in South China were unchanged from yesterday.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on June 27 was 1,488.73, down 14.44 from the previous working day, with a range of-0.96%.

Futures dynamics

According to Boduo data:June 27The main glass contract FG2409 opened at 1554 yuan/ton, and finally closed at 1529 yuan/ton, an increase of-0.84% within the day. The intraday high was 1557 yuan/ton, the lowest was 1519 yuan/ton, holding 672312 lots, a month-on-month +49606 lots.

Today, glass futures prices mainly fell due to the market environment and related commodities. 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 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, and some real estate policies have continued to advance. However, the overall sentiment in the glass market is weak. During the accumulation period of manufacturers 'inventories, the two markets are now weakening. It is expected that in the short term, the float glass market will see the spot market before positive factors emerge. The market continues to remain weak.