5.9 Glass Daily Review: Float glass market maintains stable operation

Float glass market price

Float glass market analysis

Today, the domestic 5mm float glass market is operating steadily. Among them, the overall price of the North China market is stable, and the prices of some manufacturers in Shahe area are slightly loosened due to the impact of rainfall.

After some manufacturers tentatively raised prices in the South China market, the market acceptance is good, the shipment situation has improved, and some manufacturers continue to follow the price increase. The shipments in the southwest market are stable, and some brands in Yunnan and Guizhou have plans to increase prices slightly. Other markets are still mainly shipping at stable prices. Overall, the downstream still maintains a cautious purchasing strategy, mainly based on rigid demand to replenish inventory, the market lacks large-scale stocking demand support, and most manufacturers have a strong willingness to stabilize prices.

Futures dynamics

According to Boduoduo data: On May 9, the opening price of the main glass contract FG2509 was 1055 yuan/ton, and the closing price was 1034 yuan/ton, with a daily decline of 1.99%. The highest price during the session was 1058 yuan/ton, the lowest price was 1033 yuan/ton, the position was 1338074 lots, and the daily increase was 49504 lots.

Today, the price of glass futures further hit a new low. The fundamental weakness of glass itself is difficult to change, and today, the shipment in Shahe area was not smooth due to the disturbance of rain. Some manufacturers lowered their price discounts, and the market weakened immediately. In the future, under the continued suppression of weak expectations of weak demand, the inventory pressure of manufacturers may gradually increase. 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. In the short term, it will be mainly weak without external factors.

Market Forecast

In the short term, the float glass market is expected to show a stable and volatile trend. The current industry inventory remains at a high level and faces the plum rain season. Enterprises may adopt flexible promotion strategies to alleviate inventory pressure. On the supply side, there are plans to release water and cold repair on production lines next week, and the overall output may show a downward trend. It is necessary to pay close attention to the progress of inventory digestion and the price adjustment trend of manufacturers.

Data source: Boduoduo Data Group