4.25 Glass Daily Review: Float glass market is stable with slight adjustments

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass market is stable with slight adjustments. Among them, the overall transaction performance of the North China market is stable. Some glass manufacturers have introduced preferential policies for downstream customers, which has stimulated market transactions to a certain extent. The market price trend is generally stable, and there is a small fluctuation space in some areas due to the manufacturer's promotional policies. The East China market is generally stable. Some manufacturers adopt relatively flexible delivery strategies based on inventory conditions. From the transaction situation, some companies provide a certain range of price discounts for large-order customers to promote inventory reduction. The shipment in the southwest region is still acceptable, and the enthusiasm of downstream replenishment has increased slightly compared with the previous period. Other regions are still mainly shipping at stable prices, and the demand side is relatively flat, mainly replenishing inventory based on rigid demand.

Futures dynamics

According to Boduoduo data: On April 25, the opening price of the main glass contract FG2509 was 1,137 yuan/ton, and the closing price was 1,121 yuan/ton, with a daily decline of 1.75%. The highest price during the session was 1,141 yuan/ton, the lowest price was 1,117 yuan/ton, the position was 1,149,632 lots, and the daily increase was 75,634 lots.

Today, the price of glass futures fell significantly, mainly following the overall market sentiment fluctuations. In the afternoon, with the implementation of important domestic meetings, the market interpreted that the policy drive was insufficient, and the weak fundamentals re-suppressed the market price. Although the current glass market valuation is not high, it is difficult to see the drive in the short term. The market trading logic is still mainly based on weak expectations. However, the main contract price has basically leveled off the low price in Hubei. In the future, pay attention to the guidance of spot price changes on the market. In the short term, it may maintain weak fluctuations.

Forecast for the future market

At present, the total inventory of float glass manufacturers shows a slight downward trend. On the eve of the holiday, some manufacturers have taken the initiative to increase shipments in order to control inventory levels, adopt more flexible sales strategies, and enhance bargaining flexibility. It is expected that prices will continue to fluctuate in a narrow range in the short term.