5.12 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, some manufacturers in Shahe area have preferential policies, prices are slightly loosened, and transactions are relatively flexible. Prices in the Beijing-Tianjin-Tangshan region have risen slightly, and the transaction situation has improved slightly.

The trading atmosphere in the East China market is weak, and the transaction price has loosened slightly. Among them, some companies in Shandong and Jiangsu have lowered their quotations. Affected by the continued weak demand, the market is bearish, and the downstream generally takes a wait-and-see attitude, and the purchasing enthusiasm is not high.

The market situation in Northeast China is stable. Driven by the price adjustment of companies in neighboring regions, the trading atmosphere has warmed up and the shipment rhythm has accelerated. Other regions are still mainly shipping at stable prices, and there are differences in corporate shipments.

The demand margin has not improved significantly, and the main demand is just-in-time. Float glass index analysis According to Boduoduo data, the float glass price index on May 12 was 1175.69, down 6.09 from the previous working day, a range of -0.52%.

Futures dynamics

According to Boduoduo data: On May 12, the opening price of the main glass contract FG2509 was 1034 yuan/ton, and the closing price was 1045 yuan/ton, with a daily decline of 0.29%. The highest price during the session was 1053 yuan/ton, the lowest price was 1022 yuan/ton, the position was 1335775 lots, and the daily position was reduced by 2299 lots.

Today, the price of glass futures has bottomed out slightly and rebounded with the market environment, mainly because the results of the Sino-US tariff negotiations over the weekend exceeded market expectations, and the market macro sentiment has warmed up.

However, the fundamentals of glass itself are still weak and difficult to change. The tariff issue has limited improvement on the actual demand for glass itself, and the market sentiment support is weak. In the future, under the continued suppression of weak expectations of weak demand, upstream inventory pressure may gradually increase, and manufacturers' quotations will continue to decline.

On the basis of no obvious production line expansion and cold repair on the supply side, it may be difficult to give a rebound drive from the fundamental perspective, and it will temporarily maintain a weak operation.

Market forecast

In the short term, the float glass market may maintain a range fluctuation pattern. Although there are production lines being released this month, the new capacity is gradually being released, and the planned ignition of production lines is put into production, so the overall output is expected to increase. In the face of expected inventory accumulation, manufacturers may adopt a dynamic pricing strategy to balance production and sales through flexible price adjustments.

Data source: Boduoduo Data Group