Core Viewpoint - Glass futures prices continue to decline, with the main contract dropping 3.30% to 1172.00 CNY/ton as of the report date [1] Group 1: Market Data - In August, China's float glass exports increased by 14.83% month-on-month to 110,300 tons, setting a new historical high, with a cumulative export volume of 655,800 tons from January to July, representing a year-on-year increase of 121% [2] - The current daily melting volume of float glass remains stable at 160,200 tons, with no planned production line maintenance or ignition in the past week [2] - The inventory of float glass in sample enterprises across the country is 60.908 million heavy boxes, a decrease of 675,000 heavy boxes compared to the previous week [4] Group 2: Supply and Demand Dynamics - The production profit for float glass using natural gas as fuel is -164.84 CNY/ton, an increase of 9.29 CNY/ton week-on-week; for coal gas, the profit is 94.03 CNY/ton, a decrease of 6.37 CNY/ton; and for petroleum coke, the profit is 41.37 CNY/ton, an increase of 11.43 CNY/ton [4] - The current real estate market remains weak, and if the central bank lowers interest rates, it may support demand for real estate; otherwise, glass demand may continue to be dragged down [2] - The market is experiencing both upward and downward pressures, with downstream demand primarily driven by just-in-time purchasing [3]
当前市场的现实情况仍然羸弱 玻璃期价跌跌不休
Jin Tou Wang·2025-09-23 06:10