Float Glass Market Report-2024/03/25

Yesterday, China's main float glass contract 2405 was weak and fluctuated, closing at 1465 yuan/ton, down 6 yuan/ton, or 0.41%. In terms of spot prices, the average price of float glass in China yesterday was 1,731 yuan/ton, down 12 yuan/ton from the previous month. The Shahe glass market is generally stable. Most companies' prices in East China and Central China markets are temporarily stable today, and individual companies have lowered prices by 1-2 yuan/heavy box. The prices of individual companies in South China continued to decline, and company shipments improved slightly under the favorable profit concessions. Overall, float glass is currently facing a situation of high output, high profits, and inventory growth, and spot prices are gradually loosening. The short-term float glass market faces great contradictions. With the rapid decline in prices, the intensity of replenishment is expected to be limited, while futures prices have already compressed glass profits through sharp declines. In the future, we recommend that customers pay attention to spot price fluctuations and inventory changes. Price fluctuations are expected to be weak.