4.8 Glass Daily Review: Float glass market fluctuates within a narrow range
Float glass market price
Float glass market analysis
Today, the domestic 5mm float glass spot market maintained a narrow range of consolidation. Among them, the prices of small plates in Shahe market have been raised, the market transaction is general, and the downstream purchases on demand. The shipment situation in the central China market has been good recently. Today, a small number of companies have raised the price by 1 yuan/heavy box. The prices of some brands in Guizhou have moved down, and the prices of other brands in Yunnan and Guizhou are temporarily stable, but the shipments have slowed down compared with the pre-holiday period. Other regions are still mainly shipping at stable prices. Most companies have general shipments, and the demand margin has not improved. The main demand is just for demand.
Futures dynamics
According to Boduoduo data: On April 8, the opening price of the main glass contract FG2505 was 1,190 yuan/ton, and the closing price was 1,190 yuan/ton, with an intraday increase of 1.54%. The highest price during the session was 1,218 yuan/ton, the lowest price was 1,183 yuan/ton, the position was 1,050,481 lots, and the daily position was reduced by 105,794 lots.
Today, the price of glass futures opened high and then fell back. The spot market is still in the seasonal demand recovery period, and there are signs of recovery in production and sales. There are signs of price increases in the two major production and sales areas. The spot market has temporarily supported the market valuation, and speculative sentiment still exists. However, given that the overall commodity market is in a state of panic due to tariff games, the glass futures price has fallen accordingly. In the future, the key lies in whether the peak season demand can continue to recover. Under the premise that the spot market maintains the recovery path, it is still cautiously optimistic in the short term, but it is necessary to guard against further negative feedback after the actual demand stagnates.
Market Forecast
At present, the spot market trend of float glass is stable and volatile. There has been little change in the supply and demand side recently. Most companies will focus on shipping and destocking. The shipment situation varies from region to region, and manufacturers flexibly adjust their quotations. The downstream is cautious and wait-and-see, and the purchasing rhythm is cautious. In the short term, it is expected that the float glass market may maintain a narrow range of fluctuations.
