Float glass market is operating weakly and stably

Float glass market is operating weakly and stably

Float glass market price

Analysis of float glass market

Today, the domestic 5mm float glass market is running steadily. The focus of individual transactions in the Central China market has declined. Among them, prices in Hubei have been lowered by 10 yuan/ton successively, and the market trading atmosphere is still weak; at the end of the month, transactions in the Shahe region of South China and North China were more flexible, and the shipments of some companies have improved; In East China, prices in Shandong have loosened, prices in other regions have remained stable and wait-and-see, procurement in the middle and lower reaches is cautious, and pressure on manufacturers to go to the warehouse is still there. The current supply and demand pattern in the float glass market has not improved, combined with the impact of heavy rain, most manufacturers have poor shipments, high inventories and weak recovery of terminal demand. Glass prices are still facing certain downward pressure.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on July 31 was 1,323.8, down 0.66 from the previous working day, with a range of-0.05%.

Futures dynamics

According to Boduo data, the opening price of FG2409, the main glass contract, on July 31, was 1346 yuan/ton, and finally closed at 1375 yuan/ton, an increase of 2.08% within the day. The highest intraday session was 1380 yuan/ton, the lowest was 1324 yuan/ton, holding 707424 lots, a month-on-month period of-81067 lots.

Today, the glass futures market was mainly bottomed out and rebounded, with daily memory rebounded significantly. The fundamentals of glass itself are still weak, but futures prices are facing the problem of repairing the basis and shifting positions for the month. In addition, the problem of glass supply pressure has resulted in a marginal increase in production capacity being cleared while the industry is losing money, and short funds have left the market significantly. Short-term capital behavior may aggravate market volatility, and it is also necessary to continue to observe the persistence of macro atmosphere.

market outlook

The supply in the float glass market is still at a high level, downstream procurement is cautious, and the market is more wait-and-see. In the absence of strong boosting factors, prices are expected to hover low and the spot market remains weak.