Float glass market is stable and weak
Float glass market price
Analysis of float glass market
Today, the domestic 5mm float glass market is stable and weak. Many places in North China were affected by rainfall, and manufacturers 'shipment performance was average. Market prices in Beijing, Tianjin and Hebei have been lowered by 20 yuan/ton to 1550 yuan/ton. Float glass in Shahe area showed signs of stabilization, but other specifications have declined. The quotations of some manufacturers in the northwest region fell, and the overall market price was lowered by 10 yuan/ton to 1630 yuan/ton. Prices in East China and Central China markets were relatively stable, with some slightly lowered quotations, and overall market transactions were moderate.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on July 2 was 1,465.62, down 1.66 from the previous working day, with a range of-0.11%.
Futures dynamics
According to Boduo data:July 2The main glass contract FG2409 opened at 1550 yuan/ton, and finally closed at 1578 yuan/ton, an increase of 1.61% within the day. The intraday high was 1585 yuan/ton, the lowest was 1546 yuan/ton, holding 617879 lots, a month-on-month-on-year.
Today, glass futures prices are mainly on the strong side. Due to the continued weakening of the glass spot market, the premium price of the factory price in the main production and marketing areas has driven some speculative replenishment demand in the middle and lower reaches. After the production and sales in the main production areas have rebounded, prices also show signs of stabilizing. The slight increase in futures prices today is driven on the one hand by the growth of their own speculative demand, and on the other hand, supported by the rise in commodity prices at the cost side. It can be observed in the short term whether the sustainability of speculative demand and upcoming policy expectations can give new drivers.
market outlook
Due to the strong rise in raw material soda ash futures prices, the glass futures market followed suit today. However, the demand performance in the spot market is relatively flat and the rainy weather in many places has caused the spot market prices to be weak. Currently, the two markets have deviated. It is expected that there will be no new spot market in the short term. Maintain stable operation boosted by positive factors and wait for subsequent feedback in the middle and lower reaches.
