News summary
Glass futures prices are affected by favorable real estate policiesplayrouletteContinue the upward trend. FG2409 main contract rose 1playroulette.30% to 1628 yuan/ton, supply declined and demand was weak. With the improvement of supply and demand and policy support, futures prices may be supported.
Newsletter text
[Glass futures prices continue to rise] Loose real estate policies stimulate market demand, and the glass futures market continues to be bullish.
[Main contract FG2409 performed well] The increase reached 1playroulette.30%, the price hit 1628 yuan/ton, and the total market positions decreased by 3167 lots.
[The spread narrows, and the market popularity increases] The 01-09 reverse spread reduces to 13 yuan/ton, and North China spot versus 09 contractplayrouletteThe discount is 38 yuan/ton, and investors 'attention has increased.
[Supply declines, capacity utilization declines] Last week, the number of cold repairs with water release on production lines increased, the capacity utilization rate dropped by 1.01% month-on-month, and the weekly output of original film companies declined slightly.
[Demand side performance is average, prices have been adjusted] Float glass price consolidation tends to be weak. Some regions have adopted price reduction strategies, and the market wait-and-see sentiment has intensified.
[Good policies and support for futures prices] The supply and demand pattern has improved. Stimulated by real estate policies, glass futures prices have solid support in the short term.
