【期货热点追踪】玻璃期货夜盘跌超4%，市场情绪继续回落，未来价格将怎样变化？

Group 1 - Glass futures continued to decline, dropping over 4%, with market sentiment remaining weak due to falling coal prices affecting coal-based glass production costs [1] - The trading volume for the glass futures contract reached nearly 2.84 million lots, leading the commodity market, despite increased transaction fees aimed at cooling speculative trading [1] - The overall spot glass market is under pressure, with significant regional trading disparities; prices in North China have stabilized at 1250 yuan/ton for 5.00mm large plates [1] Group 2 - Despite rising glass prices, production conditions for float glass have improved over the past seven weeks, with the industry operating at a capacity utilization rate of 79.78%, the highest this year [2] - The average profit for float glass using coal gas as fuel increased by 10.85 yuan/ton to 137.78 yuan/ton, while profits for those using petroleum coke surged by 82.14 yuan/ton to 135.57 yuan/ton [2] - The national float glass production reached 1.1152 million tons, a 0.64% increase from the previous period, although it represents a 6.37% year-on-year decline [2] Group 3 - Market sentiment is fluctuating due to policy expectations not exceeding forecasts, with a need to monitor terminal demand and production line maintenance [3] - The inventory of glass manufacturers has decreased for six consecutive weeks, indicating a willingness to maintain prices, with total inventory recorded at 59.49 million heavy boxes [3][4] - The funding situation for construction projects has improved, with the funding rate for sample construction sites rising to 58.97%, indicating potential demand recovery [4] Group 4 - The glass market is experiencing high volatility, with cautious industry sentiment despite declining inventories being a positive sign for the fundamentals [4] - The average profit margins for float glass production have shown improvement across different fuel types, with natural gas-based production still facing negative profits but narrowing losses [3][4] - The market is expected to remain in a range of 1000 to 1100 for the glass 2601 contract, indicating a strategic approach to trading in the current environment [4]