Group 1 - The glass futures market is experiencing a downward trend, with the main contract opening at 1098.00 CNY/ton and fluctuating between a high of 1105.00 CNY and a low of 1057.00 CNY, reflecting a decline of approximately 1.56% [1] - One德期货 indicates that despite being a traditional off-season, inventory depletion has exceeded expectations, and there are expectations for improved demand in the upcoming peak season, with price levels expected to range between 1010 and 1170 CNY [1] - 新湖期货 emphasizes the high inventory levels and seasonal demand weakness, suggesting that without significant demand recovery, the market should be viewed cautiously, focusing on market sentiment and macroeconomic policy developments [1] Group 2 - 东海期货 notes an increase in daily glass melting volume week-on-week, leading to increased supply pressure during the off-season, while the real estate sector remains weak, causing a decline in downstream processing orders [2] - Profit margins for float glass using natural gas, coal, and petroleum coke as fuel have increased week-on-week, but overall profit levels remain low [2] - The market anticipates production cuts in the glass industry due to macroeconomic policies aimed at reducing internal competition, providing some support for glass prices [2]