Float glass market remains sluggish

Float glass market price

Analysis of float glass market

The market price of 5mm float glass in China continued to fall today. Transactions in the North China market were average, and the quotations of some manufacturers were still loose, and the focus of market transactions shifted downward. Among them, float glass prices in the Beijing-Tianjin-Tangshan region were lowered by 40 yuan/ton to 1210 yuan/ton; production and sales in many places in the South China market were weak, and downstream goods were obtained. Poor; the decline in the northwest market was relatively obvious, with the market price lowered by 80 yuan/ton to 1250 yuan/ton; the middle and downstream purchases in the Central China market were mainly available at random, and the market trend continued to be weak. At present, the performance of the float glass market is still dull, and the supply-demand relationship is still biased towards oversupply; the pressure brought by the saturation of market supply is difficult to be effectively alleviated, resulting in pressure on the operation of the spot market.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on September 9 was 1,153.87, down 18.15 from the previous working day, with a range of-1.55%.

Futures dynamics

According to Boduo data, the opening price of FG2501, the main glass contract, on September 9, was 1130 yuan/ton, and finally closed at 1118 yuan/ton, an increase of-0.53% within the day. The intraday high was 1130 yuan/ton, the lowest was 1091 yuan/ton, holding 1104409 lots, a month-on-month +8533 lots.

Today, glass futures prices mainly fluctuate with the weak market environment. The current problem that demand for glass in the peak season cannot be improved is suppressing prices and also suppressing the enthusiasm of enterprises for production. The supply side cold repair volume may further increase in the future, resulting in gradually increasing expectations for marginal support for prices. In the short term, glass prices are suppressed at the top and supported at the bottom. For the time being, they are mainly viewed in a weak shock pattern and waiting for new drivers.

market outlook

The float glass market is trending downward, with a strong wait-and-see atmosphere; downstream demand is not volatile, and purchasing intentions are mainly based on demand. It is expected that the float glass market will continue to operate weakly in the short term.