Ruida Futures(SZ:002961) Jin Tou Wang·2025-09-10 08:04Group 1 - The core viewpoint of the article indicates that the domestic futures market for non-ferrous metals is experiencing mixed performance, with glass futures main contract showing a decline of 1.50% to 1181.00 yuan/ton [1] Group 2 - In terms of macroeconomic indicators, the manufacturing PMI for August is reported at 49.4%, reflecting a slight increase of 0.1 percentage points from the previous month, which may lead to a positive market response [1] Group 3 - Regarding supply and demand, the float glass daily melting volume stands at 159,600 tons, with no change from the previous period. The weekly production of float glass is 1,117,000 tons, unchanged from the previous period but down 5.1% year-on-year. The operating rate for float glass is 75.92%, up 0.43% from the previous period, while the capacity utilization rate is 79.78%, remaining stable [1] Group 4 - On the inventory front, as of September 4, 2025, the total inventory of float glass in sample enterprises is 63.05 million heavy boxes, an increase of 484,000 heavy boxes from the previous period, representing a 0.77% rise, but down 11.77% year-on-year. The inventory days are reported at 26.9 days, an increase of 0.2 days from the last period [1] Group 5 - Looking ahead, the overall supply of glass is expected to remain stable, with demand unlikely to see significant growth. However, there are recurring sentiments against excessive competition, leading to expectations of short-term fluctuations within a range [1]