Float glass prices fall in individual markets
Float glass market price
Analysis of float glass market
Today, the price of 5mm float glass in some areas in China has dropped. Among them, prices in the northwest region have been significantly loosened, with a downward adjustment of 40 yuan/ton to 1460 yuan/ton, and the focus of market transactions has declined; in the Shahe region of North China, the price of 5mm large float glass has been lowered one after another in order to promote shipments under high inventory pressure; transactions in other regions are relatively flexible, and most downstream stocks are mainly replenished in appropriate amounts. At present, the overall trading atmosphere in the float glass market is general, and the real estate side is still performing poorly; the production and sales of glass manufacturers have declined, the speed of de-warehousing has been slow, and market sentiment has weakened.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on August 16 was 1,306.80, down 4.15 from the previous working day, with a range of-0.32%.
Futures dynamics
According to data from Boduo, the opening price of FG2409, the main glass contract, on August 16, was 1247 yuan/ton, and finally closed at 1239 yuan/ton, an increase of-0.24% within the day. The highest intraday session was 1258 yuan/ton, the lowest was 1235 yuan/ton, holding 292288 lots, a month-on-month-on-month-on-month.
Today, glass futures prices fluctuated mainly within a narrow range with the market environment. The fundamentals of glass itself have not improved significantly, and weak demand continues to suppress the space above the glass. However, after the accelerated decline in glass supply, there is also marginal improvement support. The current glass price still lacks a strong driving force, and we can focus on whether demand in the peak season can improve in the future.
market outlook
The start of the float glass market is still at a high level, while downstream demand is difficult to recover, and market production and sales are gradually weakening; it is expected that spot market prices may continue to consolidate within a narrow range in the short term.
