12.23 Glass Daily Review: Float glass market prices adjusted weakly

Float glass market price

Float glass market analysis
Today, the overall domestic 5mm float glass market price is mainly stable, with slight price fluctuations in some areas. Among them. The price in East China was slightly reduced by 20 yuan/ton to 1480 yuan/ton, the market transaction situation was general, and the downstream demand support was weak; the price of 5mm large plate in Shahe market in North China remained stable, and the price of 5mm small plate slightly decreased by 4 yuan/ton to 1172 yuan/ton, and the transaction center of gravity moved slightly downward; while the shipment in Hubei region of Central China was still good, and the price was slightly increased by 10 yuan/ton; other regions remained stable, and manufacturers mainly digested inventory. At present, the overall supply and demand pattern of the float glass market has limited changes, the market trading atmosphere is flat, manufacturers mainly operate flexibly, and the market price fluctuations are small.

Float glass index analysis
According to Boduoduo data calculation: the float glass price index on December 23 was 1278.81, down 1.54 from the previous working day, a range of -0.12%.

Futures dynamics
According to Boduoduo data: On December 23, the opening price of the main glass contract FG2505 was 1,370 yuan/ton, and it finally closed at 1,372 yuan/ton, with a daily increase of -0.65%. The highest price was 1,386 yuan/ton, the lowest was 1,356 yuan/ton, and the position was 688,666 lots, down 4,404 lots from the previous month.

Today, the overall price of glass futures is mainly weakly fluctuating with the market environment. The fundamental supply and demand pattern of glass itself is still relatively healthy, but the near-month pricing is still subject to the potential warehouse receipt pressure in Hubei. After entering the staged macro vacuum period, there is no new expectation drive for the far-month contract, and it is difficult to give a suitable price difference. The pressure of near-month delivery is still strong. In the short term, focus on the actual demand issues in Hubei.

Market Forecast
Some float glass manufacturers have plans for cold maintenance in the future, and the supply has decreased. As the winter storage expectations gradually emerge, there may be a periodic demand for replenishment in the downstream, and some manufacturers have plans to increase prices. In the short term, the market price may continue to fluctuate in a narrow range. The specific situation still needs to pay attention to the recovery of downstream purchasing demand.

Data source: Boduoduo Data Group