The glass is low, and the rebound is greatly reduced.

November 06, 2023

[China Glass Network] Disk situation: Zhengzhou Glass 1709 contract opened at 1267 yuan / ton, closing at 1279 yuan / ton, up 3 yuan / ton over the previous trading day, an increase of 0.24%. Volume fell back to 371,800 lots, and positions decreased by 54954 hands to 274002 lots.

News: 1. The "China Glass Composite Index" on May 18, 2017 was 1079.42 points, up 0.16 points from the previous period of May 17, 2017. The "China Glass Price Index" was 1090.61 points, up 0.27 points from the previous issue of May 17, 2017. The "China Glass Market Confidence Index" was 1034.65 points, down 0.28 points from the previous period of May 17, 2017.

Spot price: North China, Hebei safety 5mm float glass ex-factory price reported 1312 yuan / ton, Daguangming 5mm float glass ex-factory price reported 1288 yuan / ton. In Central China, Wuhan Changli 5mm float glass spot price reported 1549 yuan / ton. Inventory data: The exchange has a warehouse receipt of 10, a decrease of 140 from the previous trading day.

Summary of views: The domestic glass market is generally stable. The spot price in Shahe area was stable, and the stock was still out of stock. The price of Shijiazhuang Yujing glass was raised. The orders of downstream processing enterprises were general, the increment was limited, and the procurement speed was stable. The quotations in East China and Central China remained stable; the quotations in South China were stable. The spot price remained stable, and the demand in the southern rainy season and the northern busy period affected the overall shock. Technically, the glass 1709 contract reduced its position and rebounded. The futures price tested the 10-day line support. The top faced 1300 first-line pressure, and the short-term trend tended to fluctuate widely. Operationally, trading in the 1250-1300 range.

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