2.18 Glass Daily Review: Float glass market narrows

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass market price is mainly adjusted in a narrow range. Among them, the price in North China has dropped by 10 yuan/ton, and the shipment situation in Shahe and Beijing-Tianjin-Tangshan is relatively sluggish. The price of 5mm large plates has dropped to varying degrees. Downstream demand is still dominated by rigid demand, and the willingness to purchase is limited; the price in East China is stable, and the quotation remains at 1470 yuan/ton. The current supply of float glass market has fluctuated slightly, but due to the unsatisfactory progress of the resumption of work in the real estate industry, the downstream replenishment is limited, the market sentiment is weak, the market is trading light, and the contradiction between supply and demand still exists.

Futures dynamics

According to Boduoduo data: On February 18, the opening price of the main glass contract FG2505 was 1267 yuan/ton, and finally closed at 1280 yuan/ton, with a daily increase of 1.27%. The highest price during the session was 1287 yuan/ton, the lowest price was 1265 yuan/ton, and the position was 1172654 lots, a month-on-month decrease of 2402 lots.

Today, the price of glass futures fluctuated strongly, mainly affected by the overall sector and cost sentiment. The biggest pressure on the current glass market lies in the midstream inventory problem, and the current downstream resumption of work is still unsatisfactory. The actual demand is difficult to digest a large amount of midstream and upstream inventory, which has led to the phenomenon of transferring inventory pressure to the futures market. In the future, the focus is still on the resumption of work of downstream demand and the repeated problems of policy expectations. For the time being, it is viewed as a low-level fluctuation to observe whether the actual demand can be improved and whether new policy expectations can be supported.

Market Forecast

The supply of float glass market remains high, the downstream demand is recovering slowly, the market transaction is weak, the signing of new orders is lower than expected, and the overall market atmosphere is slightly cold; in the short term, the spot market price is expected to be stable with small fluctuations.