3.25 Glass Daily Review: Float glass market prices rose slightly

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass market continued to rise slightly. Among them, North China stabilized after a slight increase; South China had good production and sales, and the manufacturer's quotation increased by 10 yuan/ton; other regions' manufacturers' quotations remained stable, and downstream demand was mainly replenishment. At present, the overall shipment situation of the float glass market has improved slightly, but the deep processing orders have not improved significantly. The production and sales performances of various regions are different, and whether the demand side can continue to exert its strength remains to be considered.

Futures dynamics
According to Boduoduo data: On March 25, the opening price of the main glass contract FG2505 was 1245 yuan/ton, and it finally closed at 1260 yuan/ton, with a daily increase of 3.70%. The highest price was 1262 yuan/ton and the lowest price was 1223 yuan/ton. The position was 1598541 lots, an increase of 7460 lots month-on-month. Today, the price of glass futures continued to rise sharply. The trading atmosphere of the glass spot market has continued to improve recently. There are signs of improvement in the actual demand of the domestic downstream during the peak season. The improvement in the acceptance of midstream inventory has further released new growth space for speculative demand. In addition, the main contract is close to delivery and there is a huge amount of positions. Long funds rely on the market to improve the soft squeeze phenomenon. In the short term, the glass futures price may remain strong. In the future, attention will be paid to the peak of the actual demand in the peak season and the willingness of the mid- and upper-stream hedging after the premium.

Market forecast
There are still production lines in the float glass market in the future, and the start-up may decline slightly; with the recovery of seasonal demand, the market has a certain momentum for recovery, but the market performance of "Silver Four" remains to be verified. In the short term, it is expected that the float glass market may continue to consolidate, and attention will be paid to whether the rise driven by the recovery of demand will continue.