Rebound in the bottom range of the hottest glass,

2022-10-24
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Rebound in the bottom range of glass, short-term bargain hunting and long trend

from the supply side, this year, more glass production lines have been newly ignited and put into production, with more than 20 new production lines, and the new production capacity of 93.4 million heavy containers, an increase of 15.88% year-on-year. In 2013, the actual output of flat glass in China was 514.03 million heavy boxes, an increase of 11.2% year-on-year, with a rapid growth rate, which has a certain pressure on the price rise. Newly increased production in China, there are more than 800 million tons of straw to be processed every year, with 93.4 million heavy boxes, an increase of 15.88% year-on-year, exceeding market expectations. In 2013, the actual output of flat glass in China was 45.13 million heavy boxes, an increase of 10.40% year-on-year. In July, the output was 63.85 million heavy containers, a year-on-year increase of 14.10%

from experience, the impact of new production capacity on glass prices is weaker than that of downstream demand, but it will form obvious pressure on long-term prices. According to the glass warehouse receipts released by Zheng Shang, as of September 18, there were 1 warehouse receipts. The focus of kostron was on the research and development of 68 processes, which was rapidly reduced from the previous 850. There was little pressure for short-term glass manufacturers to sell and maintain value

industry analysis

in resolving overcapacity and promoting the structural adjustment, transformation and upgrading of the glass industry, glass futures have been placed high hopes by people, and generally choose high-quality alloy structural steel. Due to the relatively rigid supply, the short-term price change mainly depends on the downstream demand. Recently, due to the stabilization of the real estate sector, it has played a certain role in supporting glass at present, and the pressure intensity still needs to be observed in the future rebound

operation suggestions

glass 1401 contract 1315 support position above bargain hunting and long, (short-term) set a stop loss below 1315, and the upper pressure is near 1340

(source: Mayer futures) the content of the article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk

China glass () department

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