3.28 Glass Daily Review: Some float glass prices rose slightly

Float glass market price

Float glass market analysis
Today, the domestic 5mm float glass market maintained a stable price as a whole, and prices in some regions fluctuated slightly. Among them, manufacturers in the southwest region slightly raised their quotations by 10 yuan/ton, and the market's enthusiasm for purchasing goods increased; the price center of gravity of the Shahe market in North China declined slightly, and the overall transaction atmosphere was cautious; production companies in other regions still mainly shipped at stable prices, and the market was in a wait-and-see mood. At present, the float glass market transaction is relatively flexible, and the shipment situation of some manufacturers has improved slightly, and the quotations have been raised accordingly; while the orders of downstream deep processing enterprises have not seen a significant increase, and the overall demand is still dominated by rigid demand purchases, and the market recovery momentum remains to be observed.

Futures dynamics
According to Boduoduo data: On March 28, the opening price of the main glass contract FG2505 was 1233 yuan/ton, and finally closed at 1197 yuan/ton, with a daily increase of -2.50%. The highest intraday price was 1,235 yuan/ton, the lowest was 1,191 yuan/ton, and the position was 1,472,799 lots, down 112,299 lots from the previous month.

Today, the price of glass futures fell sharply. The main reason may be that the futures price rose too fast, and the actual demand recovery rate and slope in the spot market were difficult to follow. The manufacturer's quotation was loose, and the market had a high premium problem relative to Hubei. After losing further upward drive, long speculative funds chose to realize profits and avoid warehouse receipt risks, and the market temporarily adjusted. In the future, the actual demand recovery in the peak season has not been falsified, and the spot market is mainly waiting for stabilization.

Forecast for the future market
There are still production lines in the float glass market, 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 should be paid to whether the rise driven by the recovery of demand will continue.