4.7 Glass Daily Review: Float glass market narrows down

Float glass market price

Float glass market analysis
Today, the domestic 5mm float glass spot market is in a narrow range. Among them, some manufacturers in Shahe area have raised prices, the overall market trading is general, and the market price is flexible. The East China and Central China markets are generally available, and most companies are mainly shipping at a stable price. Some companies raised the price by 1 yuan/heavy box today. Other regions are still mainly shipping at a stable price, and most companies are shipping at a general level, while the demand margin has not improved. Processing plants are cautious under the dual pressure of weak orders and poor collection, and mainly purchase goods based on rigid demand.

Futures dynamics
According to Boduoduo data: On April 7, the opening price of the main glass contract FG2505 was 1,163 yuan/ton, and the closing price was 1,180 yuan/ton, with a daily decline of 2.96%. The highest price during the session was 1,185 yuan/ton, the lowest price was 1,154 yuan/ton, the position was 1,156,024 lots, and the daily reduction was 97,701 lots.

Today, the glass futures price opened sharply lower and then rebounded narrowly. Mainly affected by the market panic caused by reciprocal tariffs, but given that the impact of tariffs on its own fundamentals is relatively limited, and there are signs of recovery in production and sales in many places during the holidays, and there are signs of price increases in the two major production and sales areas, the spot market has temporarily given some support to the market. In the future, the core is whether the demand in the peak season can continue to recover. Under the premise that the spot market maintains the recovery path, it is still cautiously optimistic in the short term, but it is necessary to guard against further negative feedback after the actual demand stagnates.

Market forecast
At present, the overall transaction of the float glass spot market has improved, and the replenishment behavior of downstream and traders has further promoted the destocking process. Although futures prices have fallen, spot prices are relatively flat. At present, there is little change in the supply and demand side, and most companies will ship and destock. Downstream cautious wait-and-see sentiment is strong, and the purchasing rhythm is relatively cautious. In the short term, it is expected that the float glass market may fluctuate in a narrow range.