4.15 Glass Daily Review: Float glass market is going sideways

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass spot market is sideways. Among them, the North China market is relatively stable, the company's shipments are different, and the overall demand is tepid. The East China market is mainly stable, and the demand has not improved. In addition, the low prices from the outside are constantly flowing in, and the shipments of local companies are limited. Companies in the South China region are mainly maintaining stability, and the company's shipments are differentiated. Under the price advantage and price increase stimulation of individual companies, the downstream is appropriately replenishing. Other regions continue to ship at a stable price, the market wait-and-see mentality is gradually strong, the company's shipments are different, and the downstream purchases are relatively cautious, and the main demand replenishment is maintained.

Futures dynamics

According to Boduoduo data: On April 15, the opening price of the main glass contract FG2505 was 1,154 yuan/ton, and the closing price was 1,144 yuan/ton, with a daily decline of 0.44%. The highest price during the session was 1,162 yuan/ton, the lowest price was 1,131 yuan/ton, the position was 743,196 lots, and the daily position reduction was 91,264 lots.

Today, the overall price of glass futures is weak, the main force shifts positions and changes months, and the monthly spread shrinks significantly. At present, it is difficult to see obvious repair drivers in the fundamentals of glass. Although it is still in the seasonal demand repair period, the actual demand has gradually weakened. The near-month warehouse receipts are strongly suppressed. The futures price may fluctuate around the Hubei delivery price range and wait for new drivers. After the main force shifts positions in the far month, the fundamentals are weak and there is a certain premium. It is still mainly downward. However, the expected transactions in the far month still exist. After the premium space is compressed, we can pay attention to the emotional fluctuation opportunities brought by the macro policy news at the end of the month in the short term.

Market forecast

At present, the spot market of float glass is temporarily stable, and there is little change in the supply and demand side in the near future. Enterprises are mainly focused on shipments and destocking, and the shipment situation varies from region to region. The enthusiasm of downstream to enter the market is general, and procurement maintains rigid demand. In the short term, it is expected that the float glass market will maintain a narrow range of consolidation.