Flexible adjustment of float glass market

Flexible adjustment of float glass market

Float glass market price

Analysis of float glass market

Today, the price of 5mm float glass market in China is flexibly adjusted. Among them, the price of large plates in East China has increased slightly, and the price of float glass manufacturers in Shandong has increased by 20 yuan/ton to 1230 yuan/ton. The market trading atmosphere has improved, and the shipment performance has been acceptable; the production and sales of individual companies in South China have weakened, and the downstream is mainly based on on-demand procurement; prices in other regions have remained stable. At present, the macro sentiment of the market fluctuates, the supply side is still sufficient, the downstream procurement on the demand side is relatively stable, and the flexible adjustment of manufacturers 'transactions is mainly based on flexible adjustments. Overall, the fundamentals of the spot market have no obvious trend upward driving force.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on October 23 was 1,148.8, up 1.89 or 0.16% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on October 23, was 1268 yuan/ton, and finally closed at 1255 yuan/ton, an increase of-0.32% within the day. The highest intraday session was 1293 yuan/ton, the lowest was 1238 yuan/ton, holding 1039290 lots, a month-on-month period of-905 lots.

Today, the overall glass futures prices are mainly high and falling back. The recent market logic lies in the disturbance of rising costs. The driving force is not obvious yet. It mainly follows the market environment and the trend of related commodities. However, the logic of the current supply contraction of glass continues. Market sentiment on the demand side still has support before policy expectations are completely falsified. In the short term, we can wait and see whether new policy news appears during important meetings near the end of the month to disturb market sentiment.

market outlook

The demand support in the float glass spot market is relatively general, the downstream purchasing sentiment is not high, and the wait-and-see atmosphere is strong; in the market supply and demand game, it is expected that the spot market will be mainly adjusted in a narrow range in the short term, with limited room for price fluctuations.