Float glass market prices show a strong operating trend

Float glass market prices show a strong operating trend

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market generally shows a strong operating trend. Specifically, the market performance in Central China and Southwest China has steadily improved, with a positive trading atmosphere, generally increasing by 20 yuan/ton, and the pace of production and marketing of some enterprises has slowed down slightly; prices in East China have increased by 40 yuan/ton, and shipments have accelerated, and the market The trading atmosphere is good; South China has also continued its rise, and there is little inventory pressure on manufacturers in the region; However, the transaction volume in the Shahe area of North China has weakened compared with the previous working day. The price of float glass manufacturers has narrowed slightly, and the price of 5mm large plates has been lowered by 8 yuan/ton to 1224 yuan/ton. At present, the overall production and sales situation in the float glass market is good, and the fundamentals of market supply and demand have improved, providing support for the phased restoration of corporate profits.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on October 30 was 1,233.09, up 5.71 from the previous working day, or 0.47%.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on October 30, was 1386 yuan/ton, and finally closed at 1369 yuan/ton, an intraday increase of-1.23%. The intraday high was 1416 yuan/ton, the lowest was 1327 yuan/ton, holding 1136431 lots, a month-on-month period of-30716 lots.

Today, glass futures prices generally surged high and fell back, mainly fluctuating with the overall market environment during the day. There are still expectations for improvement in cold repair on the supply side of glass itself. However, as futures prices rebound to the cost range and may disrupt the cold repair path of manufacturers, cost pressure is beginning to appear, and it may be difficult to open up space above before policy expectations and demand expectations are further undertaken. Short-term market shocks may wait for policy expectations. Until then, glass fundamentals still have some support, so it is not appropriate to be overly bearish for the time being.

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.