Core Viewpoint - The domestic glass futures market is experiencing a downward trend, with the main contract down 1.95% to 1057.00 yuan/ton as of the report date [1] Supply - Daily melting capacity for glass is reported at 159,600 tons, remaining stable compared to the previous week [1] - Weekly profits for glass production vary: natural gas-based glass shows a loss of 150.36 yuan/ton, while coal-based and petroleum coke-based glass show profits of 111.05 yuan/ton and 130.57 yuan/ton, respectively [1] Demand - Demand is weakening as manufacturers across various regions are experiencing slower sales, leading to a cautious market sentiment [1] - Midstream traders are primarily focused on selling, with speculative demand diminishing [1] - The decline in production and sales has resulted in an increase in corporate inventory, reducing support for the glass market [1] Inventory - As of August 7, total inventory for float glass among sample enterprises reached 61.847 million heavy boxes, an increase of 2.348 million heavy boxes or 3.95% from the previous week, but down 8.18% year-on-year [1] Market Outlook - Recent recovery in glass production profits and slight supply increase are noted, but terminal demand shows no significant improvement [1] - Market sentiment is expected to stabilize, with mid and downstream inventory replenishment slowing down [1] - The market is anticipated to continue low-level fluctuations, with the September contract approaching delivery [1] - It is suggested that market participants adopt a wait-and-see approach for the time being [1]