3.19 Glass Daily Review: Float glass individual markets stop falling and turn to rise

Float glass market price

Float glass market analysis
Today, the domestic 5mm float glass market as a whole showed a weak and volatile trend. The market center of gravity in East China slightly adjusted, and the price rose by 10 yuan/ton to 1,360 yuan/ton, and the downstream purchasing intention slightly warmed up; the shipment situation of manufacturers in Shandong was good, and the quotation was raised by 20 yuan/ton, and the market trading was still good. The price in Shahe area of ​​North China was basically stable, and the price of some small plate specifications was slightly loosened; most companies in other regions still mainly relied on price guarantee, and the overall transaction atmosphere was still weak. The current supply and demand contradictions in the float glass market still exist, the market sentiment is general, and the price maintains a narrow range of fluctuations.

Futures dynamics
According to Boduoduo data: On March 19, the opening price of the main glass contract FG2505 was 1,167 yuan/ton, and finally closed at 1,176 yuan/ton, with a daily increase of -0.08%. The highest intraday price was 1,182 yuan/ton, the lowest was 1,152 yuan/ton, and the position was 1,557,222 lots, down 18,541 lots from the previous month.

Today, the price of glass futures bottomed out and rebounded. The performance of the glass spot market has shown some signs of improvement recently, but the positive sustainability is temporarily limited. The quotation in Shahe area fell today, and the market fell simultaneously. However, in the afternoon, the market heard the news of price increase in Hubei area, and the market immediately rebounded from a low level. In the short term, the actual demand for glass may have marginal improvement, but there is no large-scale repair drive for the time being. In the short term, it may be viewed as a strong shock, waiting for the sustainability of subsequent demand improvement.

Market Forecast
The subsequent float glass market still has production line ignition plans, and the supply side is relatively abundant; while a small amount of downstream rigid demand replenishment, individual glass companies have raised prices to explore the market due to profit compression, but demand support is limited. In the short term, it is expected that the float glass market may continue to consolidate.