Float glass market prices are stable and declining

Float glass market prices are stable and declining

Float glass market price

Analysis of float glass market

Today, the domestic 5mm float glass market price has stabilized and declined. The overall transaction center of the Central China market has declined, and prices in Hubei in the region have dropped by 20 yuan/ton; the prices of 5mm large float glass in the Shahe region of North China have continued to loosen, and terminal demand has been sluggish; manufacturers in South China have relatively flexible quotations, and some companies have slightly increased prices. However, the overall stability is stable, and the willingness to purchase downstream is average; the northwest region continues to be weak, and the market trading atmosphere is weak; prices in other regions are relatively stable. At present, the transaction situation in the float glass market is still weak, downstream demand is still flat and weak, the market is more cautious and wait and see, and float glass prices are still under pressure.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on July 30 was 1,324.46, down 3.05 from the previous working day, with a range of-0.23%.

Futures dynamics

According to data from Boduo, the opening price of FG2409, the main glass contract, on July 30, was 1354 yuan/ton, and finally closed at 1346 yuan/ton, an increase of-1.46% within the day. The intraday high was 1357 yuan/ton, the lowest was 1339 yuan/ton, holding 788491 lots, and the month-on-month-on-month-on-month.

Glass futures prices remained weak and volatile today, but the decline narrowed relatively. Although the glass market still has not seen actual improvement drivers in the short term, some manufacturers have shown a certain price increase after absolute prices have dropped to low levels. In the short term, we can wait and see whether downstream purchasing mentality can improve. Overall, the weakness of the glass market continues, and the effect of upstream price hikes may be unsatisfactory. In the future, we still need to wait for actual demand or policy guidance that exceeds expectations to form a strong rebound drive.

market outlook

Supply in the float glass market is still at a high level, downstream demand continues to slow down, and fundamentals lack obvious upward momentum; market sentiment is unlikely to boost in the short term, and the spot market is expected to remain weak.