The market price of float glass is stabilizing.

Market price of float glass

Market Analysis of Float Glass

Today, domestic quotations for 5mm float glass have stabilized. In North China, price fluctuations were limited, with transactions primarily involving low-priced supplies; in East China, mainstream prices remained stable, though the actual pricing negotiation space was relatively wide and overall trading activity was subdued; in South China, rainfall during the weekend slowed down glass manufacturers' shipment pace, resulting in average sales performance. Overall, most regions have not seen significant price adjustments, as glass producers are currently focusing on inventory reduction and sales as their core strategy, with varying levels of shipment activity among companies.

Index Analysis of Float Glass

According to calculations by Boduo Data, the float glass price index stood at 992.61 on June 29, down 0.6 points (−0.06%) from the previous working day.

Futures Updates

According to data from Bodo Data, the main glass futures contract FG2609 opened at 970 yuan per ton on June 29 and closed at 978 yuan per ton, registering a daily gain of 0.93%. The intraday price range was between 980 yuan and 966 yuan per ton, with open interest standing at 1,798,550 lots and a daily decrease of 7,928 lots.

Today, glass futures traded within a narrow range, closing slightly higher at the end of the session. Market sentiment remains weak; however, sustained supply contraction has provided some support: worsening losses across industry production lines, growing expectations for cold repairs by manufacturers, and reduced output from certain production lines have alleviated concerns about overcapacity in the sector. The primary trading rationale remains unchanged: prices are likely to continue trading in a low range until substantial increases in cold repair activity or marginal improvements in demand materialize.

Future Market Forecast

Industry inventories remain at elevated levels and continue to accumulate, creating strong pressure for companies to reduce stockpiles. Most manufacturers are flexibly adjusting prices to accelerate shipments. Going forward, close monitoring of downstream demand recovery trends and the actual progress in inventory reduction remains crucial.