The price of float glass in the market remains stable.

Market price of float glass

Market Analysis of Float Glass

The domestic 5mm float glass market maintained stability today. The North China market saw minimal fluctuations, with downstream buyers continuing to replenish inventories due to essential demand, resulting in generally moderate trading activity; the East China market experienced average sales performance amid competition from low-priced imports; in the South China market, price increases for certain product specifications led to more cautious purchasing behavior among downstream buyers and significant pressure on manufacturers' sales; other regions primarily focused on stable pricing and sales volume, though shipment volumes varied across areas. Recent market weakness has dampened downstream demand, with order intake remaining sluggish. The fundamentals of the float glass market currently lack clear support, and market sentiment remains subdued.

Index Analysis of Float Glass

According to calculations by Boduo Data, the float glass price index stood at 1025.21 on June 3, down 0.72 points (−0.07%) from the previous working day.

Futures Updates

According to data from Bodo Data, the main glass futures contract FG2609 opened at 1,041 yuan per ton on June 3 and closed at 1,049 yuan per ton, registering a daily gain of 0.38%. The intraday price range was between 1,054 yuan and 1,041 yuan per ton, with open interest standing at 1,302,682 lots and a daily decrease of 16,575 lots.

Glass futures have exhibited a narrow-range consolidation pattern today. The market is currently in a phase of tension between weak underlying fundamentals and strong production cut expectations: on one hand, industry-wide losses driving production cuts, combined with support from fuel costs, provide a floor for prices, further limiting their downside potential; on the other hand, dual pressures from sluggish end-demand and slow inventory reduction efforts are constraining any upward rebound. In the short term, glass futures are likely to continue trading within a range near the bottom, requiring close monitoring of the actual implementation progress of cold repair initiatives and inventory dynamics.

Future Market Forecast

The fundamentals of the float glass industry have not shown significant improvement, with end-user demand recovering slowly and no new drivers emerging in the market. Float glass prices are expected to remain weak and volatile in the short term; close attention should be paid to demand recovery trends and cost fluctuations going forward.