5.6 Glass Daily Review: Float glass market fluctuates|BDD

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass market has mixed ups and downs, with an ups and downs of -30-10 yuan/ton. Among them, the trading atmosphere in the North China market is general, and the price center of gravity in Shahe area has moved down, but the shipment rhythm shows certain signs of improvement. The price in the Central China market has dropped slightly, and some manufacturers have adopted a price discount strategy to promote shipments.

The South China market adopts a flexible order-taking strategy. Some companies have raised prices for individual specifications of products, and some companies have increased bulk purchase discounts to promote shipments. The overall shipment situation is general, and the wait-and-see sentiment is strong. Some manufacturers in the Southwest market have raised their quotations, and the shipment situation is stable. The demand for float glass market has recovered slowly after the holiday, and the downstream processing companies have insufficient orders. The overall purchase is still mainly based on rigid demand to replenish inventory.

Futures dynamics

According to Boduoduo data: On May 6, the opening price of the main glass contract FG2509 was 1,078 yuan/ton, and the closing price was 1,071 yuan/ton, with a daily decline of 1.65%. The highest price during the session was 1,088 yuan/ton, the lowest price was 1,064 yuan/ton, the position was 1,193,997 lots, and the daily increase was 87,590 lots. Today, the price of glass futures continued to fall weakly and broke the new low. The main reason is that the fundamentals of glass itself are difficult to improve significantly. The weak expectation of weak demand has a strong suppression, and the spot prices in mainstream areas have also gradually loosened during the holiday.

Based on the gradual weakening of demand in the future, the inventory pressure of manufacturers may gradually increase. On the basis of no obvious production line volume and cold repair on the supply side, it may be difficult to give a rebound drive from the fundamental perspective. In the future, we can pay attention to whether the decline in spot prices can drive signs of production and sales recovery, thereby slowing down the accumulation of inventory and giving a phased rebound opportunity.

Market Forecast

In the short term, the float glass market is expected to maintain a stable and volatile trend. The demand side is recovering slowly, the supply side is relatively stable, the market lacks clear positive news, and the price is insufficient. Although some manufacturers have tried to raise prices slightly, the overall market is still mainly stable.

Data source: Boduoduo Data Group