Yesterday, the glass futures “reboundedâ€, the main contract of 1601 opened lower and then fell again. At the close, the 1601 contract closed at 860 yuan/ton, and the settlement price fell 1.6% from the previous day.
Yesterday, the total volume of glass futures decreased by 60,000 hands to 301,000 hands, and the total positions increased by 600 lots to 142,000 hands from the previous day. On the main contract, the short position was 53%, slightly dominant.
Before the 3.9% drop on Monday, the price of glass futures has been relatively firm, and even a continuous rise from July 27 to August 13. Last week, the spot market also experienced a general increase. Central China and Northeast China saw the largest increase. Most other glass prices in the market also rose. Only the glass price in the northwest region did not change much due to excessive supply pressure.
The Shahe area, which had a hot performance in the early stage, fell back, adding a variable to the price increase. According to analysts, this is mainly due to the high inventory of traders and the restrictions in North China.
China Glass Network analyzed yesterday that the momentum of rapid price increases in the Shahe area has slowed down and glass prices have stabilized. After experiencing a rapid increase in prices in July, Huazhong Glass Enterprises seems to have begun to enter a slow upward channel. The pre-term production hype has also overdrawn a certain peak season, and the price increase of glass during the “Golden September and Silver 10†period may be discounted. "The benefits brought by the military parade in early September are nearing completion, and the negative factors such as increased costs and limited transportation difficulties will soon be fermented, or will form a certain resistance to the rise of glass prices in North China."
Wanda Futures analyst Xiang Wei said that yesterday's glass was supported by the military's limited production factors, and stabilized at 850 yuan/ton. At present, the domestic spot price and technical position have strong support for the disk, focusing on 850 yuan/ton support, in the absence of external factors. In the case of cooperation, short-term is not suitable for continuing short.
Mate Tea Strainer Straw,Stainless Steel Mate Tea Straw,Resable Drinking Mate Tea Straw,Colorful Mate Tea Straw
YANGJIANG VOSSEN INDUSTRY AND TRADE CO.,LTD , https://www.cnvossen.com