Float glass market is stable and weak

Float glass market is stable and weak

Float glass market price

Analysis of float glass market

Today, some 5mm float glass markets in China are operating steadily and weakly. The market price of float glass in North China has been lowered by 10 yuan/ton. The weakening of market sentiment and the impact of rainfall and weather have hindered manufacturers 'shipments. Among them, the prices of float glass in 5mm plates and large plates in Shahe area have been lowered, and downstream purchases are more cautious; In the Beijing-Tianjin-Tangshan region, manufacturers' quotations are more flexible, and the market has a strong wait-and-see attitude; prices in other regions are mainly stable, and the overall trading performance is average. At present, the supply of float glass market has not contracted significantly, and the support on the demand side is insufficient; overall, the adjustment of market fundamentals is limited, and the situation of strong supply and weak demand continues.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on October 18 was 1,146.38, down 11.35 from the previous working day, with a range of-0.98%.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on October 18, was 1190 yuan/ton, and finally closed at 1230 yuan/ton, an increase of-3.15% within the day. The intraday high was 1251 yuan/ton, the lowest was 1181 yuan/ton, holding 1095346 lots, a month-on-month-on-month-on-month.

Today, the overall glass futures price mainly bottomed out and rebounded slightly. After yesterday's sharp decline, it basically returned to the reasonable price range before the speculation policy expectations at the beginning of the week. The intraday trend remained mainly within a narrow range of fluctuations, and was boosted by the macro atmosphere in the afternoon. At present, glass temporarily lacks new drivers, weak reality still exists, but emotional disturbances are repeated under the leadership of macro logic. In view of its low valuation, the room for exploration is relatively limited, and it may remain volatile in the short term waiting for new policy expectations to emerge.

market outlook

At present, the supply of goods in the float glass market is still abundant, but terminal demand is not followed up enough, and the market wait-and-see atmosphere remains unchanged. 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.