基本面弱现实为主导基调 玻璃期货盘面持续回落

Group 1 - The core viewpoint indicates that the glass futures market is experiencing a downward trend, with the main contract down by 1.66% to 1006.00 yuan/ton as of the report date [1] - As of December 3, the national average price of float glass is 1166.71 yuan/ton, which is an increase of 21 yuan/ton from the low point in November, particularly driven by an 80 yuan/ton increase in the Central China region [2] - Last week, the average operating rate of glass production decreased by 0.34% week-on-week, with a week-on-week supply reduction of 0.63 thousand tons and a significant inventory drop of 941 thousand heavy boxes [2] Group 2 - According to Everbright Futures, the decline in glass supply has been largely priced in, and there are currently no new driving factors in the market, leading to a continued drop in futures sentiment [4] - New Lake Futures suggests that while the current fundamentals are weak, the market has overreacted to pessimistic sentiments, indicating potential for a rebound due to positive macro signals from December's domestic policy meetings and expectations of production cuts [4] - The recommendation is to consider a phase of rebound trading in December, focusing on low buying positions while monitoring the actual implementation of production cuts and the pressure from the January contract near the break-even point [4]