Float glass market prices are mixed
Float glass market price
Analysis of float glass market
The price of 5mm float glass market in China is mixed today. Among them, the prices of large plates in East China's Anhui region and South China's Guangdong region dropped slightly, while other regions temporarily showed stability; the performance of the North China market was mixed. Shipments in the Beijing-Tianjin-Tangshan region were blocked due to rainfall, and prices fell by 10 yuan/ton, while the price of 5mm plates in Shahe region rose by 8 yuan/ton, and other specifications of glass rose simultaneously. Manufacturers mainly removed inventory. Overall, the float glass market is temporarily stable. Driven by macro sentiment, the market trading atmosphere has improved and production and sales have improved slightly. However, downstream operating rates have continued to decline, demand recovery has been limited, and the gap between supply and demand remains large.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on September 25 was 1052, up 2.64 or 0.25% from the previous working day.
Futures dynamics
According to data from Boduo, the opening price of FG2501, the main glass contract, on September 25, was 1117 yuan/ton, and finally closed at 1129 yuan/ton, an increase of 4.25% within the day. The intraday high was 1186 yuan/ton, the lowest was 1111 yuan/ton, holding 1,05,064 lots, a month-on-month-on-month.
Glass futures prices continued to rise sharply today, but fell back in the afternoon with market sentiment. After the market rebounded sharply due to yesterday's macro sentiment, the spot market formed a certain positive feedback market. Production and sales in the core areas strengthened significantly, and the trade volume between the middle and upper reaches increased significantly. Some manufacturers experienced price increases for the first time in recent years, which has given a certain boost to futures prices. However, in view of the fact that policy expectations still need time to verify the repair of demand in the terminal market, the improvement of terminal demand is temporarily limited, and the inventory flow between the middle and upper reaches is also accompanied by hedging and arbitrage, which will suppress short-term market deposits. Follow-up attention will be paid to whether market macro sentiment can further strengthen and the continued production and sales in the spot market.
market outlook
Driven by macro favorable policies, glass manufacturers mainly focused on destocking before the holiday, but the recovery of downstream demand is still slow, and we need to continue to pay attention to the adjustment of the fundamentals of the glass market in the future.
