Report Industry Investment Rating - Not provided Core Viewpoints - Glass futures have been declining recently, with the main contract falling more than 6% in the past week and currently in a volatile pattern of long - short game. The neutral view is the mainstream among institutions. Short - term prices may fluctuate in the range of 1050 - 1140 yuan. Short - term traders can seize short - long opportunities in the range, while long - term long opportunities need to wait for a clear breakthrough in the supply - demand pattern [3][4][5] - For the stock market, it is expected that there will be a repair market next week, and the overall long - term trend is still upward [8] - In the gold market, Shanghai gold has reached a new high, breaking through the 1000 - integer mark. Fluctuations have increased, and it is advisable to buy on dips rather than chase the rise in the short term [13] - In the iron ore market, there may be a phased decline in molten iron after the festival. Technically, attention should be paid to the important support level below. There are short - term supply disruptions, but in the long run, supply is expected to be loose [16][17] - In the egg market, the inventory of laying hens is increasing, and egg supply is sufficient, suppressing price rebounds. However, considering the current price and cost, there is a loss per hen, and short - long opportunities can be grasped [24] - In the pulp market, the pulp price in Shandong has remained stable. China's cumulative pulp imports from January to September were 2706 tons, a year - on - year increase of 5.6%. Port inventories are high, and pulp is expected to remain weak. It is recommended to short on rebounds [27] Summary by Related Catalogs Glass Futures - The decline is due to the contradiction between supply and demand. On the supply side, new production capacity is continuously put into operation, and inventory has accumulated to a high level. On the demand side, there are still expectations for the "Silver October" peak season and policy - related positive sentiments. Short - term prices may fluctuate in the 1050 - 1140 yuan range [3][4] - Technically, after continuous declines, attention should be paid to the important support level below. The future driving force lies in policy - side stimulus and anti - involution policies on the supply side [20][21] Stock Market - The A - share market closed down sharply on Friday. It is expected that there will be a repair market next week, and the long - term trend is upward [8][9] Gold Market - Shanghai gold has reached a new high, breaking through 1000. Fluctuations have increased, and short - term chasing of the rise is not advisable. Buying on dips is recommended [13] Iron Ore Market - After the festival, there is no actual improvement in the terminal, and molten iron may decline in the short term. Technically, attention should be paid to the support level below. There are short - term supply disruptions, but long - term supply is expected to be loose [16][17] Egg Market - The inventory of laying hens is increasing, and egg supply is sufficient, suppressing price rebounds. However, considering the current price and cost, there is a loss per hen, and short - long opportunities can be grasped [24] Pulp Market - The pulp price in Shandong has remained stable. China's cumulative pulp imports from January to September were 2706 tons, a year - on - year increase of 5.6%. Port inventories are high, and pulp is expected to remain weak. It is recommended to short on rebounds [27]
金信期货日刊-20251020
Jin Xin Qi Huo·2025-10-20 01:02