2.19 Glass Daily Review: Float Glass Market Operation is Temporarily Stable

Float Glass Market Price

Float Glass Market Analysis
Today, the overall domestic 5mm float glass market price is relatively stable. The market in Central China is stable, and the transaction atmosphere is relatively light; the price of 5mm small plates in Guangdong, South China has slightly decreased, demand is flat, and some manufacturers have different shipments; the price in North China has not changed, the overall shipment situation is general, and some companies flexibly adjust their price policies according to market conditions. At present, the supply of float glass market has fluctuated slightly, while the downstream demand has recovered slowly, the market transaction is weak, the signing of new orders is lower than expected, and the overall market atmosphere seems a bit deserted.

Futures Dynamics
According to Boduoduo data: On February 19, the opening price of the main glass contract FG2505 was 1,284 yuan/ton, and it finally closed at 1,273 yuan/ton, with a daily increase of -0.16%. The highest price during the session was 1,289 yuan/ton, the lowest price was 1,271 yuan/ton, and the position was 1,185,654 lots, an increase of 13,000 lots month-on-month.

Today, the price of glass futures fell narrowly following the market environment. The biggest pressure on the current glass market is still the problem of midstream inventory, and the current situation of 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 will still be on the problem of downstream demand resumption of work and the repeated problems of policy expectations. Before the actual demand has digested a certain amount of midstream inventory, it may be difficult for the glass market to see a significant upward drive.

Market Forecast
The supply of the float glass market remains at a high level, while the operating rate of downstream enterprises has not yet fully recovered, and some enterprises still have a certain amount of spot inventory; terminal demand is still weak, and market transactions are tepid; in the short term, it is expected that the float glass market will continue to maintain a weak and stable operation.