Float glass market continues to decline

Float glass market continues to decline

Float glass market price

Analysis of float glass market

China's 5mm float glass market continued its decline today. Among them, prices in northwest, southwest, east and central China are relatively stable; float glass market prices in North China have fallen for several consecutive days, falling by 10 yuan/ton. The price of 5mm large float glass in Shahe in the region has dropped to a low level, and market inquiries have increased. However, prices in the Beijing-Tianjin-Hebei region are still lowered by 20 yuan/ton, and manufacturers 'shipment performance is still poor; South China has overall lowered the price by 20 yuan/ton, and downstream purchasing mentality is cautious. Among them, the price in the Guangdong market has dropped significantly, reaching 40 yuan/ton.The current supply side of the float glass market has a narrow range of fluctuations，The downstream real estate industry is still operating in a weak position, and the demand outlook is not optimistic. Spot prices in the float glass marketstillOperation under pressure.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on August 27 was 1,248.29, down 9.24 from the previous working day, with a range of-0.73%.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on August 27, was 1249 yuan/ton, and finally closed at 1265 yuan/ton, an increase of 1.61% within the day. The intraday high was 1275 yuan/ton, the lowest was 1237 yuan/ton, holding 798853 lots, and the month-on-month-on-month-on-month.

Glass futures prices rebounded slightly today. On the one hand, they were driven by the overall commodity market sentiment and related varieties. On the other hand, glass spot prices in core areas showed signs of stopping falling. Some manufacturers introduced preferential activities and other follow-up demand improvement issues in the game. In the short term, we can pay attention to whether the production and sales in the spot market can be affected by this and improve. If the actual improvement is limited, glass prices will not be driven by further rebound.

market outlook

The traditional peak season is approaching, but downstream demand is sluggish, order follow-up is not ideal, and the fundamentals of the float glass market have no obvious support. It is expected that market operations will still face pressure in the short term, and price trends may continue to be under pressure.