1.13 Glass Daily Review: Float glass market price fluctuates slightly

Float glass market price

Float glass market analysis
Today's domestic 5mm float glass market price showed a slight fluctuation compared with last Friday. Among them, the price of 5mm large plates in Northeast China rose by 20 yuan/ton, and the market trading atmosphere has warmed up; the prices in Northwest and Central China were slightly increased by 10 yuan/ton respectively, and the overall supply and demand were stable; the South China market was under great pressure to ship, and the price was reduced by 20 yuan/ton to 1,360 yuan/ton; North China performed relatively positively, with prices rising by 20 yuan/ton to 1,300 yuan/ton, and the downstream enthusiasm for taking goods was acceptable. At present, the supply side of the float glass market continues to decline slightly, and downstream companies are preparing stocks appropriately; as the Spring Festival approaches, some downstream companies have entered the holiday stage one after another, and rigid demand shows signs of seasonal reduction.

Futures dynamics
According to Boduoduo data: On January 13, the opening price of the main glass contract FG2505 was 1,315 yuan/ton, and finally closed at 1,362 yuan/ton, with a daily increase of 3.57%. The highest price was 1,375 yuan/ton, the lowest was 1,310 yuan/ton, and the position was 779,128 lots, down 41,154 lots from the previous month.

Today, the price of glass futures rebounded sharply from the low level. On the one hand, it was affected by the overall market environment and there was an emotional repair. On the other hand, glass is in a continuous de-capacity cycle, and its own fundamentals are relatively healthy. The price is at a low level and the elasticity will be greater. In addition, due to the low inventory of manufacturers in the core production and sales areas, the recent production and sales are still resilient, and the spot price has also increased. In the short term, we should pay attention to whether this round of rebound can continue to stimulate the speculative demand in the midstream to continue the positive feedback market, and we should also guard against the problem of selling pressure in the midstream again after the market sentiment retreats.

Market Forecast
As the Spring Festival approaches, the supply and demand of float glass market are expected to decline. There is a game between supply and demand. In the short term, the market price is expected to be stable, and there may be slight adjustments in some areas.