Float glass market performance is mixed

Float glass market performance is mixed

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is mixed. As of now, the price of 5mm large float glass in the North China market has increased by 20 yuan/ton at 1170 yuan/ton. Under the influence of improving market sentiment and cost pressure, Shahe and Beijing-Tianjin-Tangshan regions have increased to varying degrees; while East China The trading atmosphere in the region is poor, and the willingness to increase is weak and flexible. At present, the supply of goods in the float glass market is still sufficient, and the demand side has not improved significantly yet; overall, there is still a lack of strong driving boost, the middle and lower reaches of operations are relatively cautious, and the wait-and-see attitude is still strong.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on October 16 was 1,143.84, up 12.44 from the previous working day, or 1.10%.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on October 16, was 1304 yuan/ton, and finally closed at 1310 yuan/ton, an increase of 3.07% within the day. The intraday high was 1336 yuan/ton, the lowest was 1283 yuan/ton, holding 1062579 lots, a month-on-month +47463 lots.

Glass futures prices continued to be strong today, but intraday due toMarket sentiment driven by policy expectations yesterday fell slightly due to the actual situation or news that fell short of expectations. However, the fundamentals of glass itself have a certain margin, the downward trend on the supply side remains unchanged, and the price valuation is also at a low position in relevant sectors. The main negative point lies in the weak terminal demand. Under the leadership of current policy expectations, there are also expectations for marginal improvement at this negative point. Therefore, when glass prices have reached a trough, bullish expectations appear simultaneously on both sides of supply and demand, showing strong bottom support. In the short term, there is no falsification in the real estate policy and the overall macro atmosphere. Glass can still be viewed strongly.

market outlook

The fundamental adjustment of the float glass market is limited, and the situation of strong supply and weak demand continues; however, due to the impact of price increases in some regions, some companies have intentions to increase; it is expected that the spot market will mainly stabilize prices in the short term and adjust flexibly. Specific changes in market sentiment still need to be paid attention to.