Float glass market generally increases
Float glass market price
Analysis of float glass market
Today, China's 5mm float glass market generally raises prices. Among them, the focus of transactions in Central China has shifted significantly, with prices raised by 80 yuan/ton to 1230 yuan/ton. Manufacturers 'supply has decreased, and shipments have been good; production and marketing in East China and South China are active, downstream willingness to get goods has increased, and manufacturers' shipments have accelerated; Market sentiment in North China is high, and inventories in some areas are low; driven by surrounding markets, float glass prices have risen one after another, and the market trading atmosphere is good. At present, some float glass production lines are undergoing cold repair, the supply side has decreased slightly, downstream replenishment demand has increased, market transactions have improved significantly, driving prices up, and market fundamentals have improved slightly.
Float Glass Index Analysis
According to data from Boduo, the float glass price index on October 28 was 1,220.69, up 44.58 from the previous working day, or 3.79%.
Futures dynamics
According to data from Boduo, the opening price of FG2501, the main glass contract, on October 28, was 1341 yuan/ton, and finally closed at 1412 yuan/ton, an increase of 4.52% within the day. The intraday high was 1419 yuan/ton, the lowest was 1320 yuan/ton, holding 1141857 lots, a month-on-month +33431 lots.
The main reason for the sharp rise in glass futures prices today is that the market has strong policy expectations for important meetings. Coupled with the recent acceleration of the cold repair production line, the periodic narrowing of the glass supply and demand gap has given a strong boost to prices. On the weekend, the spot market also experienced large-scale increases simultaneously, forming positive support for futures prices. In the short term, the market's focus is still on the implementation of policy expectations and the growth rate of supply-side production capacity. Before the above logic is falsified, glass may still be viewed strongly.
market outlook
Subsequent float glass production lines still have cold repair plans, and the supply side will tighten slightly; downstream purchasing sentiment will gradually improve, the overall production and sales situation is improving, and glass manufacturers 'inventories will maintain a trend of de-stocking; prices of some companies may continue to chase up at the end of the month, and it is expected that the spot market will stabilize and move upwards.
