期价持续走弱，涨幅被“抹平”，玻璃怎么了？

Core Viewpoint - The glass futures market continues to show weakness, driven by declining market sentiment and falling coal prices, leading to a significant drop in futures prices [1][2] Group 1: Market Performance - Glass futures main contract fell by 3.84%, closing at 1102 yuan/ton, with most previous gains being reversed [1] - As of July 31, the total inventory of float glass in sample enterprises was 59.499 million weight boxes, a decrease of 2.397 million weight boxes or 3.87% month-on-month, marking a six-week decline and the lowest level in half a year [2] Group 2: Inventory and Demand - The decline in glass enterprise inventory is primarily due to inventory transfer rather than terminal market consumption, with a reduction in inventory days to 25.5 days, down by 1.1 days [2] - Despite a slight increase in deep processing orders at the end of July, the improvement is limited, and there is a significant amount of glass inventory held by midstream traders [2] Group 3: Future Outlook - The core of glass futures price trends in the second half of the year will depend on macroeconomic policies, with expectations of continued active fiscal and moderately loose monetary policies [2] - Short-term market sentiment is weak, and if social inventory continues to accumulate, glass futures prices may continue to decline [3]