厂家库存明显累库 预计玻璃延续承压偏弱震荡

Core Viewpoint - The domestic glass futures market is experiencing a downward trend, with the main contract reported at 1127.00 yuan/ton, reflecting a decline of 1.91% as of the report date [1] Supply Side - According to Hualian Futures, last week saw the ignition or maintenance of glass production lines, leading to a slight increase in industry capacity utilization and weekly supply compared to the previous period [1] - The market is facing a significant accumulation of manufacturer inventory due to the holiday period, with factory inventory increasing by 3.469 million weight boxes as of October 9, particularly in the North China and Central China regions [1] Demand Side - Ruida Futures noted that the real estate sales performance during the National Day holiday was generally good, with a significant increase in visit and subscription volumes for core city properties compared to before the holiday [1] - However, while there are signs of stabilization in the market, overall housing prices remain stable in first-tier cities, and other cities have not shown positive performance, suggesting that the signs of demand stabilization may not be sustainable [1] Inventory Situation - New Lake Futures reported that the holiday impact has led to a primary accumulation of factory inventory, indicating a challenging inventory situation for manufacturers [1] Market Outlook - According to New Century Futures, there is no significant improvement in the short-term supply-demand balance for glass, with continued accumulation of manufacturer inventory and a downward trend in real estate completions affecting demand prospects [1] - The expectation of capacity clearance prior to the holiday stimulated replenishment demand in the mid and downstream sectors, but this may have overstretched the replenishment momentum, leading to a forecast of continued weak fluctuations in the market [1]