4.2 Glass Daily Review: Float glass market maintains consolidation

Float glass market price

Float glass market analysis
Today, the domestic 5mm float glass market maintained consolidation. Among them, the factory shipments in Shahe area were good. Under the boost of sentiment, the market prices of some specifications rose slightly, and the overall market transaction was general. The price of the central China market was temporarily stable today, and the overall shipments were good. The mainstream price of float glass in the southwest region was stable, with some increases. At present, the inventory has declined for three consecutive weeks. Other regions are still mainly shipping at stable prices. The market trading is general. The shipping prices of enterprises are mostly stable, but the demand margin has not improved. The processing plants are cautious under the dual pressure of weak orders and poor collection, and they mainly take goods based on rigid needs.

Futures dynamics
According to Boduoduo data: On April 2, the opening price of the main glass contract FG2505 was 1239 yuan/ton, and the closing price was 1225 yuan/ton, with an intraday increase of 0.57%. The highest price during the session was 1243 yuan/ton, the lowest price was 1207 yuan/ton, the position was 1337172 lots, and the daily position was reduced by 29437 lots.

Today, the price of glass futures fell slightly from its high level, which basically conforms to the logic of adjustment and waiting for further driving of spot prices. The main contract is about to face delivery, and the problem of high positions has not been solved. There is also a phenomenon of funds squeezing positions. 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.

Market forecast
At present, the overall transaction of the float glass spot market has improved compared with the previous period. Downstream purchases are mainly based on rigid demand, and most of them have no intention to stock up, and the sales in various regions are different. Some production lines are planned to be repaired coldly. At present, there is little change in the supply and demand side, and most companies will ship to destock. The downstream is cautious and wait-and-see, and the purchasing rhythm is still cautious. In the short term, it is expected that the float glass market may fluctuate in a narrow range.