The float glass market is operating steadily and strongly

The float glass market is operating steadily and strongly

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market performed steadily and moderately. Among them, South China, East China and Southwest China are driven by price increases in surrounding areas, and the market trading atmosphere is good. Prices are generally increased by 20 yuan/ton. Manufacturers 'shipments are relatively good, and production and sales of some companies have slowed down slightly. Sentiment in North China has stabilized, with manufacturers in the Shahe region offering flexible quotations; float glass prices in other regions have basically remained stable, and a few regions have made up for the increase slightly. At present, the supply side of individual float glass production lines has slightly reduced due to cold repair, downstream purchasing sentiment has rebounded, and the overall production and sales situation has improved; the trend of inventory removal of glass manufacturers continues, and the contradiction between supply and demand has eased.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on October 29 was 1,227.38, up 6.69 or 0.55% from the previous working day.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on October 29, was 1405 yuan/ton, and finally closed at 1367 yuan/ton, an increase of-1.09% within the day. The intraday high was 1426 yuan/ton, the lowest was 1351 yuan/ton, holding 1167190 lots, a month-on-month +25332 lots.

Glass futures prices fell sharply after surging higher today. On the one hand, the overall market sentiment cooled down after the hype at yesterday's important meeting. On the other hand, the sharp rise in glass futures prices gave manufacturers profits, which may lead to subsequent cold repair The problem of slowing down production lines. In the short term, there is still a path for improving glass fundamentals. The market relies on demand improvement expectations brought about by the logical game policy of de-capacity. If subsequent policy expectations exceed expectations, glass can further open up the space above. Otherwise, in the entire industry There is a profitable price range, and glass has no demand to take on, and it may be difficult to break through the cost pressure simply by improving problems on the supply side. In the short term, the market may remain strong and volatile, waiting for important meetings and policy news.

market outlook

Expectations for supply contraction in the float glass market have gradually increased, and the overall market atmosphere has improved; downstream demand has shown signs of recovery, and procurement enthusiasm has increased, driving the market to be basically oriented; it is expected that the spot market will stabilize and rise in the short term.