4.27 Glass Daily Review: Float glass market partially fluctuates

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass market fluctuated locally. Among them, the price in the northwest market dropped slightly by 30 yuan/ton. The demand side lacked favorable support, and the rigid demand for replenishment was maintained. The shipment volume in Shahe area has fallen back, and the overall trend has slowed down compared with the previous few days. The current market transactions remain flexible, and the transaction price shows a narrow fluctuation pattern, and the overall fluctuation range is relatively limited. Affected by the rainy weather, the shipment rhythm of some manufacturers in South China has slowed down, and the overall transaction has weakened compared with the previous period. The shipment in the southwest region is still good, and the quotations of some manufacturers have been slightly raised. Other regions continue to maintain a stable tone, the price trend is mainly stable, and downstream purchases maintain the rhythm of rigid demand for replenishment. The overall demand performance is tepid.

Market outlook

The current market presents a weak balance pattern, the demand side maintains the rhythm of rigid demand purchases, and the terminal replenishment momentum is limited; the supply side shows a mild contraction trend, and there is still a downward expectation in the short term. The market is dominated by wait-and-see sentiment, and mainstream manufacturers adhere to the price stabilization strategy. Only a few manufacturers have flexible price adjustment space. It is expected that the float glass market price will continue to fluctuate in a stable pattern in the short term.