The float glass market is stable and moving slightly
Float glass market price
Analysis of float glass market
Today, China's 5mm float glass market as a whole shows a trend of large stability and small movements. Among them, North China increased its market, large board prices increased slightly, and production and sales maintained a weak balance; the price of 5mm small board float glass in South China and Guangdong was lowered by 40 yuan/ton to 1160 yuan/ton. The market trading atmosphere has dropped somewhat, and the overall trading performance is average; prices in other regions are relatively stable and remain stable. At present, the spot market lacks new driving factors, and the fundamentals have not improved significantly; terminal companies mainly purchase on demand, and most glass manufacturers stabilize prices and promote sales, and the pace of shipments has improved slightly.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on October 22 was 1,146.91, up 1.51 from the previous working day, or 0.13%.
Futures dynamics
According to data from Boduo, the opening price of FG2501, the main glass contract, on October 22, was 1248 yuan/ton, and finally closed at 1265 yuan/ton, an increase of 2.85% within the day. The highest intraday session was 1278 yuan/ton, the lowest was 1231 yuan/ton, holding 1040192 lots, a month-on-month-on-month-on-month.
Glass futures prices are operating strongly today, mainly due to the rise in cost-side prices, and the core production and marketing areas of the spot market have increased in coordination due to the rebound in the market, and the market atmosphere has improved. However, the short-term self-driving force is relatively limited. Later, we will wait and see the changes in cost-side commodities and whether policy expectations can be accepted again to form a new round of expected market. Before that, it may fluctuate mainly within a narrow range due to the market environment and related commodities.
market outlook
The transaction atmosphere in the float glass market continues to be light, and downstream demand for goods is limited. Most of them hold a wait-and-see attitude towards the market. There is no good support in the market outlook. In the market supply and demand game, it is expected that the spot market will adjust mainly within a narrow range in the short term.
