4.14 Glass Daily Review: Float glass market maintains consolidation

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass spot market maintained a narrow range of consolidation. Among them, the overall production and sales of Shahe enterprises weakened compared with the previous period, the market trading was general, the price was flexible, and the prices of some manufacturers in Beijing, Tianjin and Tangshan increased slightly. The East China market was stable with small fluctuations. Some enterprises in Zhejiang and Shandong increased their prices by 20-30 yuan/ton. Some enterprises in the South China market raised their prices, and most of the mid- and downstream purchases of raw sheets were mainly for rigid demand. The transaction center of gravity of the Northeast regional market rose, and some enterprises shipped relatively high, and raised prices to explore the market. Other regions are still mainly shipping at stable prices, and there are differences in enterprise shipments. The demand margin has not improved. Under the influence of orders and funds, the main demand is for rigid demand.

Futures dynamics

According to Boduoduo data: On April 14, the opening price of the main glass contract FG2505 was 1146 yuan/ton, and the closing price was 1152 yuan/ton, with a daily decline of 0.17%. The highest price during the session was 1,161 yuan/ton, the lowest price was 1,134 yuan/ton, the position was 834,460 lots, and the daily position reduction was 77,016 lots.

Today, the price of glass futures fluctuated slightly at a low level. The current glass futures price is mainly based on the game of delivery logic. The production and sales of the spot market on the weekend weakened compared with last week. The sustainability of short-term seasonal demand repair is questionable, and it may be difficult to give a new driver in the short term. The current price of glass 05 contract is basically flat and low in Hubei. If it continues to fall, it may be necessary to see a further decline in spot prices. In the short term, pay attention to the changes in spot production and sales and factory quotations. Before there is no new driver, the market may maintain a shock and shift position.

Forecast for the future market

At present, the spot market of float glass has adjusted narrowly. There has been little change in the supply and demand side recently. Driven by market sentiment, the production and sales of many places are still good. Most companies will focus on shipments and destocking, and the shipment situation varies from region to region. Downstream companies are more cautious in entering the market, and purchases remain rigid. In the short term, it is expected that the float glass market will maintain a narrow range of fluctuations.