4.30 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 trading atmosphere in the North China market was light, and the shipment rhythm was stable. Some manufacturers in Shahe area offered small discounts to some customers to promote sales, and the market was in a wait-and-see mood. The mainstream price in the South China market was stable, the trading activity declined slightly, and the production and sales rate of manufacturers fell slightly. The East China market continued to be stable. As the May Day holiday approached, the pace of stocking of downstream processing companies slowed down, and the willingness to purchase became cautious. The price trend in other regions remained stable, the pace of replenishment was relatively mild, and the market trading was dominated by small orders.

Futures Dynamics

According to Boduoduo data: On April 30, the opening price of the main glass contract FG2509 was 1,106 yuan/ton, and the closing price was 1,082 yuan/ton, with a daily decline of 2.96%. The highest price during the session was 1,111 yuan/ton, the lowest price was 1,077 yuan/ton, the position was 1,106,406 lots, and the daily position was reduced by 44,094 lots.

Today, the price of glass futures continued to be weak and downward. The institutional closing pressure of long funds before the holiday was relatively large, and there was no obvious change in the fundamentals of glass. After the holiday, it faced the problem of actual demand orders. The weakness of glass was difficult to solve under the suppression of weak expectations. The subsequent glass market still has limited self-driving before the further cold repair of incremental production lines. It can be paid attention to whether there will be policy guidance to stimulate the market to open up the premium space, thereby driving the growth and repair of speculative demand, but before that, weak expectation suppression is still the main trading logic.

Forecast for the future market

The current market performance is relatively flat, the manufacturer's order reserves are limited, and the impact of holiday shutdown factors is superimposed. The downstream enterprise procurement is still dominated by rigid demand, and manufacturers mostly adopt a stable price shipment strategy. On the whole, it is expected that the float glass market price will continue to be stable.

Data source: Boduoduo Data Group