Float glass market prices are stable and rising

Float glass market prices are stable and rising

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market continued its good trend, and regional prices generally rose. Central China performed strongly, with prices rising by 40 yuan/ton to 1290 yuan/ton. The market trading atmosphere was active, and the middle and lower reaches were highly willing to get goods; market sentiment in North China rebounded, and prices also increased slightly; East China was supported by production and marketing. Under the support of production and marketing, manufacturers 'quotations were increased by 10 yuan/ton; prices in other regions were mainly stable, and downstream procurement was just needed. Recently, some ignition production lines have been put into production, and supply has increased slightly. However, due to the release of downstream demand, manufacturers 'shipments are still good, and the overall market transaction focus continues to improve.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on November 5 was 1,254.33, up 10.71 from the previous working day, or 0.86%.

Futures dynamics

According to data from Boduo, the opening price of FG2501, the main glass contract, on November 5, was 1342 yuan/ton, and finally closed at 1387 yuan/ton, an increase of 4.44% within the day. The intraday high was 1395 yuan/ton, the lowest was 1327 yuan/ton, holding 1108795 lots, a month-on-month +46859 lots.

Glass futures prices have risen sharply today, mainly due to macro sentiment and the positive feedback effect of price increases supported by demand for rush work in the spot market in the early winter. Overall, glass is still the most fundamentally optimal variety among the relevant sectors. The current downward path on the supply side still exists, and there is also high speculative arbitrage demand and actual rush demand support on the demand side. However, the current problem is still the upper cost pressure. Whether the pressure can be effectively broken through, we need to see that the expected implementation of subsequent policies and the actual demand can continue to bear the midstream inventory pressure or further open up the upper space.

market outlook

The supply and demand situation in the float glass market has shown a marginal improvement trend. The improvement in industry production and sales may support manufacturers to further raise prices; in the short term, spot market prices will be mainly adjusted in a narrow range, and it is necessary to observe the sustainability of the demand side in the future.