Float glass market is running slowly and steadily
Float glass market price
Analysis of float glass market
Today, prices in various regions of the domestic 5mm float glass market are relatively stable. Among them, the prices of some specifications in the Shahe region of North China are still lowered, and the overall trading atmosphere is general; transactions in South China are relatively flexible, but as the replenishment demand in the downstream market weakens, shipments from some manufacturers have slowed down. At present, the overall performance of the float glass market is weak and stable, and market sentiment has eased, but terminal demand is still weak, and the overall oversupply pattern has not changed. Most companies still focus on stabilizing prices and waiting.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 14 was 1,316.73, down 0.89 from the previous working day, with a range of-0.07%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on August 14, was 1263 yuan/ton, and finally closed at 1241 yuan/ton, an increase of-2.74% within the day. The highest intraday session was 1265 yuan/ton, the lowest was 1218 yuan/ton, with 461991 lots held, and the month-on-month was-80935 lots.
Today, glass futures prices mainly declined significantly with related commodities and the overall market environment. The July financial data released yesterday continued to be weak, macro sentiment was difficult to see an inflection point, and commodity market demand expectations continued to weaken. However, the fundamentals of glass itself are still in a pattern of strong supply and weak demand. However, the recent accelerated cold repair on the supply side has also had a marginal advantage for glass prices, which has slowed down the downward trend to a certain extent. However, the price direction in the short term is still determined by demand, and it is still necessary to observe whether demand in the peak season can improve.
market outlook
The operating rate of the float glass market is still hovering at a high level, but downstream demand is weak and it is difficult to boost the market. It is expected that prices may adjust mainly in a narrow range in the short term, and the wait-and-see mood in the spot market will continue.
