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SunSirs: Building Material, Glass Opened Low and Went High, Futures Prices Closed Down slightly
April 15 2020 14:01:56SunSirs(Selena)

Market situation: FG2009 contract opened low and went high, while the futures price slightly closed down. It closed at 1,219 on the same day, down 0.73% from the previous trading day; trading volume was 274,275, positions were 184,099, - 22,330; basis +35.

News: according to statistics of Longzhong information, as of the week of April 9, the total glass inventory of national leading enterprises was 98.364 million TEUs, up 1.29% month on month, up 137.19% year-on-year, and the inventory days were 56 days. The average price of national float glass was 1,413 RMB/ ton, down 4.01% month on month, down 4.2% year on year, and the industrial capacity utilization rate was 81.87%.

Market quotation: the mainstream price of 5.0mm safety plate glass in Shahe market in North China was 1,254 RMB/ ton, +0.

Conclusion: the weakness of domestic float glass market continues, and the center of gravity in some areas has declined significantly. The recovery of downstream real estate is slow, the digestion speed of goods sources is limited, and the purchasing of processing plants is cautious. The market demand in East China, the main sales area, is not good, and the impact of foreign goods sources is large, the focus of transaction price of production enterprises in Jiangsu and Zhejiang region is mostly declining; some enterprises in Shahe region of North China cut prices, and the overall inventory is slightly reduced; the transportation in Central China is liberalized, and there are still many foreign goods sources, which have a great impact on the surrounding market; due to rainy days in South China, the production and sales situation of production enterprises is poor, and the inventory is still climbing Rise. Last week, the total inventory of China's glass sample enterprises continued to increase month on month, and the number of days in stock was still high.

 

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