The recent decline in glass futures prices is mainly influenced by policies. Due to the excessive increase in the previous period, the exchange adjusted the price limit of glass futures, and the National Development and Reform Commission also repeatedly emphasized the price increase of bulk commodities. In order to stabilize the market and avoid risks, it is reasonable for the glass futures market to fall. When trading, remember to follow the trading rules, formulate trading strategies, and follow the trend when shorting.

Extended data

Recent situation of glass futures

On February 24th, 65438+, glass futures fell sharply, and the main contract closed down by 3. 15% to 175 1 yuan/ton.

According to Founder's mid-term futures, in terms of supply, there were 265 float glass production lines in China in mid-June, 65438+February, an increase of 13 compared with the beginning of the year; Daily melting capacity 175725 tons, an increase of 9450 tons or 5.7% compared with the beginning of the year.

On the demand side, the biggest driving force of glass demand still comes from the real estate completion end. According to the data of the National Bureau of Statistics, from June 5,438+0 to June 5,438+01this year, the cumulative value of completed housing area was about 687.54 million square meters, up by 16.2% year-on-year, of which the monthly value in June was1.5 million square meters, up by/kloc-year. In the future, the demand for glass will remain strong after residential completion.

In terms of inventory, as of the end of 1 1, the inventory of float glass enterprises was 54.805 million weight boxes, which was still at a high level in the year.

Donghai futures said that the spot end of glass was affected by high inventory and seasonal factors, and the rate of increase slowed down limited, which weakened the driving force of futures prices; The upstream soda ash futures price is weak and the cost-side drive is weak. The discount on the set price is lower than the production cost of some enterprises, which has certain support. In operation, it is recommended to try the contract on dips.

This week, the domestic float glass market continued to slow down, prices in some areas were loosened, and the trading flexibility increased significantly. Within a week, manufacturers in Northeast China started the winter storage policy, and some manufacturers in North China promoted profits, and prices in East China and South China declined to some extent. The market demand further weakened in the later period, and the float factory had a strong intention to ship. It is expected that the market will continue the weak market.