玻璃期货市场驱动相对有限 短期仍以底部盘整为主

Core Viewpoint - The domestic futures market for the energy and chemical sector shows mixed performance, with glass futures experiencing a slight decline due to weak demand from the real estate sector and high inventory levels [1] Group 1: Market Performance - As of the report, the main glass futures contract has decreased by 1.52%, trading at 1036.00 yuan/ton [1] - The overall market sentiment appears weak, with futures prices continuing to fall into undervalued territory [1] Group 2: Supply and Demand Dynamics - Glass production has decreased by 12,100 tons week-on-week, maintaining a daily melting rate of 159,100 tons [1] - Demand is negatively impacted by a sluggish real estate market, leading to poor demand outlook and expectations of supply reduction [1] - Despite expectations for supply-demand adjustments, short-term consumption during the peak season is below expectations, with inventory remaining high [1] Group 3: Inventory Levels - As of November 13, the total inventory of float glass in sample enterprises reached 63.247 million heavy boxes, an increase of 111,000 heavy boxes week-on-week, representing a 0.18% rise [1] - Year-on-year, inventory levels have increased by 33.61%, with an average inventory holding period of 27.5 days, up by 0.4 days from the previous period [1]