Group 1 - The glass futures market is experiencing a downward trend, with the main contract opening at 1071.00 CNY/ton and a decline of 2.59% observed, reaching a low of 1046.00 CNY/ton [1] - Inventory levels are high, particularly in upstream and midstream sectors, due to insufficient production and sales during the holiday period, leading to a buildup of stock [1] - The macroeconomic environment is influenced by recent monetary policy adjustments, including interest rate cuts, aimed at stabilizing the real estate market, although the immediate demand remains weak [1] Group 2 - The daily melting volume of float glass remains stable at approximately 15.85 million tons, which is at a four-year low, contributing to downward pressure on futures prices [2] - Despite a slight decrease in enterprise inventory, levels remain high compared to previous years, leading to unstable sentiment regarding sales and inventory reduction [2] - The real estate sector is still in an adjustment phase, with a significant year-on-year decline in housing completion area, limiting the potential for a substantial recovery in glass demand [2]