Core Viewpoints - Glass futures experienced a sharp decline, with the main contract dropping to a low of 1051.00 yuan, closing at 1053.00 yuan, down 1.86% [1] - Various institutions predict a bearish outlook for the glass market in the near term, with expectations of weak performance and limited recovery in supply-demand dynamics [1][2] Group 1: Market Analysis - Wenkang Futures expects the glass market to maintain a weak operating trend in the short term due to a lack of strong support from supply-demand fundamentals [1] - Hualian Futures suggests that glass prices will operate within the range of 1050-1160 yuan, influenced by recent production adjustments and cautious downstream purchasing attitudes [1] - Guoxin Futures indicates that the glass market may experience bearish fluctuations, with a decrease in daily melting volume and production profits across different fuel types [2] Group 2: Supply and Demand Dynamics - The glass market is facing a decline in production and profits, with natural gas-fueled float glass showing a weekly average profit of -157.70 yuan/ton, down 37.14 yuan/ton [2] - Total inventory of float glass in sample enterprises reached 63.136 million heavy boxes, a decrease of 2.654 million heavy boxes or 4.03% from the previous period, but an increase of 29.05% year-on-year [2] - Despite a reduction in supply, demand remains weak, leading to expectations of continued price pressure in the market [2]

Core Viewpoint - Glass futures experienced a rapid increase, with the main contract peaking at 1241.00 yuan, closing at 1240.00 yuan, reflecting a 5.00% rise [1] Group 1: Market Outlook - Wulian Futures expects glass prices to maintain a fluctuating trend due to overall weak terminal demand and cautious downstream purchasing behavior [2] - Jianxin Futures anticipates that the main glass futures contract will exhibit a short-term fluctuating trend, with supply slightly increasing but still at a low level, and demand remaining weak [3] - Donghai Futures predicts short-term fluctuations in the glass market, citing stable supply and limited demand growth, alongside fluctuating policy sentiment [4] Group 2: Supply and Demand Dynamics - The supply side shows limited adjustments in production lines, leading to a relatively abundant market supply, with regional inventory performance varying significantly [2] - The overall glass production is stable, with a slight week-on-week change, while downstream processing orders have increased slightly, indicating a minor improvement in demand [4] - The float glass market is experiencing significant price increases driven by strong demand, contrasting with the overall weak demand for new housing glass [3]

Group 1: Glass Futures Market Overview - The glass futures market is experiencing a strong upward trend, with the main contract opening at 1178.00 CNY/ton and reaching a high of 1214.00 CNY, reflecting an increase of approximately 2.89% [1] - The overall market sentiment is positive due to improved fundamentals, with sales in Hubei recovering and processing plants in North China resuming operations [1] - The market is expected to remain volatile within the range of 1150 to 1200 CNY, influenced by supply-side production halts and seasonal demand [1] Group 2: Supply and Demand Dynamics - Glass production remains stable with little week-on-week change, while demand growth is limited despite entering the peak season [1] - The overall supply-demand balance is loose, with policy sentiment fluctuating, leading to expectations of short-term price oscillations [1] - Companies are facing pressure on supply due to new production lines coming online, with daily melting capacity slightly increasing to 160,000 tons [2] Group 3: Inventory and Pricing Trends - Corporate inventory has shifted from increasing to decreasing, with spot prices remaining stable to slightly strong [2] - The real estate sector is experiencing a widening decline in completed area, contributing to weak terminal demand [2] - The market strategy suggests a cautious approach, with increased volatility at lower price levels and a focus on observing market trends [2]

Core Viewpoint - Glass futures have shown a slight upward trend, with the main contract reaching a peak of 1021.00 yuan and closing at 1007.00 yuan, reflecting a 1.31% increase [1] Group 1: Market Analysis - New Century Futures indicates that glass prices are experiencing low-level fluctuations, with no substantial positive factors in the fundamentals. The current weak trend in glass spot prices is expected to continue, with daily melting volume dropping below 156,000 tons in the short term due to both production line ignition and shutdown [2] - Hualian Futures notes that the glass market is in a demand off-season, with companies reducing prices to stimulate sales. Inventory levels are slightly fluctuating at high levels, and the short-term supply-demand balance is unlikely to improve, leading to continued downward pressure on glass prices [3] - Zhonghui Futures highlights a significant decline in real estate completions from January to May, with a 5% decrease in downstream processing orders in mid-June compared to historical levels. The overall glass demand is expected to remain weak, with continued inventory accumulation upstream and a lack of significant drivers for price recovery [3] Group 2: Production and Inventory - New Century Futures reports that the total inventory of float glass among sample enterprises remains high compared to the same period in the past two years, indicating significant inventory pressure [2] - Hualian Futures mentions that one production line has been shut down, leading to a slight decrease in operating rates, while inventory levels have increased slightly in most regions, except for slight reductions in Central and Eastern China [3] - Zhonghui Futures states that the current production and daily melting volume are experiencing low-level fluctuations, with costs decreasing and market prices below production costs, indicating a low valuation despite weak fundamentals [3]

Group 1 - The main contract for glass futures experienced a rapid increase, reaching a peak of 996.00 yuan, with a current price of 988.00 yuan, reflecting a rise of 2.92% [1] - New Century Futures indicates that the glass market lacks upward momentum due to weak fundamentals, emphasizing the need to monitor the recovery of downstream demand [2] - New Lake Futures views the glass market as a short-selling opportunity, noting that the current inventory levels remain high and demand is weak, particularly as the market transitions from peak to off-peak season [3] Group 2 - The float glass industry operates at a capacity utilization rate of 78.62%, with a daily production of 15.75 million tons, marking a five-week high [2] - National float glass inventory decreased by 0.46% to 67.769 million heavy boxes, marking the first decline from a two-month high [2] - The real estate sector is still in an adjustment phase, with housing completion area down by 28.2%, leading to a challenging environment for glass demand recovery [2]