Float glass market is stable and weak

Float glass market price

Analysis of float glass market

Today, China's 5mm float glass market is operating steadily and weakly. Among them, North China has continuously lowered its quotations, and the current market price is 1140 yuan/ton. The trading atmosphere in the Beijing-Tianjin-Tangshan region is still poor, with the price falling by 10 yuan/ton to 1150 yuan/ton. The price of 5mm large-plate float glass in the Shahe region is still falling slightly, and market transactions are relatively flexible; the shipment situation in other regions is general, and manufacturers are less willing to support prices, mainly focusing on stabilizing prices. Overall, the float glass market before the Mid-Autumn Festival has not shown significant improvement, lacking strong driving forces to boost, and downstream procurement still maintains a cautious wait-and-see attitude.

Float Glass Index Analysis

According to data from Boduo, the float glass price index on September 14 was 1,121.67, down 1.69 from the previous working day, with a range of-0.15%.

market outlook

Profits in the float glass market are at historically low levels, and the willingness of the supply side to cold repair has increased. Under the influence of weakening downstream demand and the continued increase in inventories of glass companies, it is expected that it will be difficult for the float glass market to get rid of the current downturn in the short term.