Hebei Province, as a major glass province in China, is represented by Shahe in Xingtai City. The production capacity is concentrated, the output is huge, and the cost of raw materials is lower, so the glass price in Hebei Province is the lowest in the country. Central China is the second and South China is the highest.
Because the price difference of spot glass actually exists, it is particularly important to set a reasonable premium for the listing of glass futures.
Because the glass is fragile and difficult to transport for a long distance, the spot price of glass presents certain regional characteristics due to the limitation of transportation radius. This is difficult for logistics and transportation to adjust.
Therefore, the premium of glass futures can basically reflect the actual price difference of spot glass, and the spot price difference is also a major basis for adjusting the premium of glass futures.