2.21 Glass Daily Review: Float Glass Market is Running Smoothly

Float Glass Market Price

Float Glass Market Analysis
Today, the overall domestic 5mm float glass market price is stable. The trading atmosphere in North China is general, and the price of individual specifications of float glass in Shahe area has dropped slightly; production and sales in some areas of South China are weak, prices in Central China and East China are stable, and downstream enthusiasm for taking goods is insufficient. At present, the float glass spot market lacks new driving factors, and the fundamentals have not improved significantly, which is difficult to provide favorable support for prices; terminal enterprises mainly purchase on demand, and most glass manufacturers promote transactions through price stabilization and promotion, and the shipment rhythm has improved slightly.

Futures Dynamics
According to Boduoduo data: On February 21, the opening price of the main glass contract FG2505 was 1,295 yuan/ton, and finally closed at 1,267 yuan/ton, with an intraday increase of -1.63%. The highest price during the session was 1,305 yuan/ton, the lowest price was 1,263 yuan/ton, and the position was 1,214,491 lots, a month-on-month increase of 91,190 lots.

Today, the price of glass futures fell sharply, mainly following the changes in cost-side varieties. At present, the supply of glass is basically stable, but the demand is still weak. The downstream deep processing orders and resumption of work are still relatively poor. The large amount of midstream inventory in the early stage has a strong pressure on the market. The manufacturer's quotation is mainly weak. In the short term, there is no new driver for glass itself, but under the low valuation, it is still mainly waiting for stabilization opportunities.

The market forecast for the future is that the supply of float glass market will remain at a high level, while the downstream terminal demand is still weak, and the market transaction is tepid; in the short term, it is expected that the float glass market will continue to maintain a weak and stable operation.