The most popular glass futures price is weak and v

2022-07-24
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The weak volatility of the glass futures price is waiting for the breakthrough direction

[fundamentals]

1. News: the number of people applying for unemployment benefits for the first time in the United States last week fell to a new low in six weeks, and the U.S. stock closed higher. The Dow Jones index broke its intraday and closing record for the third consecutive day; The European Central Bank and the Bank of England kept their current monetary policies unchanged, and Spain's 5billion Euro bonds were successfully auctioned

2. Domestic: the Ministry of housing and urban rural development issued a draft on Thursday, saying that China will continue to implement the exemption of individual income tax on the income obtained from the transfer of personal use houses for more than five years and the only household use houses. Comments: the new real estate policy and relevant information have not been fully clarified for the time being, so we can take a cautious wait-and-see attitude and guard against over interpretation

3. The real estate company released the February report. Poly Real Estate achieved a contracted area of 911800 square meters in February, a year-on-year increase of 141.31%, and a contracted amount of 8.438 billion yuan, a year-on-year increase of 133.33%; In February, Gemdale group achieved a contracted area of 135000 square meters and a contracted amount of 1.62 billion yuan, an increase of 13% and 31% respectively year-on-year

4. Li Yizhong, former Minister of the Ministry of industry and information technology, said at the press conference on the 7th that some industries have serious overcapacity, including steel, non-ferrous metals, cement, coal chemical industry, flat glass, shipbuilding, wind power equipment, photovoltaic cells, polysilicon and other industries

5. Glass index: according to the statistical data of the three major indexes of China Glass information, on March 7, 2013, China glass composite index was 1075.37, up 0.28 points from the reading of the previous period; China glass price index was 1050.44, up 0.4 points from the previous day; China Glass confidence index was 1175.08 points, down 0.19 points from the previous day. The market confidence index fell slightly yesterday, but the glass composite and price index continued to rise after the year, and the overall operation of the market was stable

6. The spot market is gradually recovering to warm, and the prices in South China, central China and East China are mainly stable in the short term. On the 5th, the price coordination meeting in Northeast China was held. Enterprises had strong intention to support prices, but after continuous upward adjustment after the festival, the actual upward momentum in northern China was slightly insufficient. However, with the ignition of some manufacturers gradually on the agenda after, the pressure released by the new capacity tends to increase

7. Raw materials: the price index of raw materials remained stable yesterday. The market focus of soda ash is still at a low level, and the inventory pressure of some enterprises is still large

[market review]

on Thursday, the glass 09 contract opened at a low price and fluctuated after 1521. It closed at the low shadow line, reducing its daily position by more than 12000 hands. Yesterday, the verification level of the general laboratory machine manufacturer was excellent and the national standard charge was 1518 yuan/ton, down 9 yuan/ton or 0.59% compared with the settlement price of the previous day. At present, the glass futures price is still in a weak shock. On Thursday, the long and short competition is fierce, and the two sides have great differences in strength

[operation strategy]

in the short term, the incomplete digestion of the detailed rules of the "national five articles" is still the main handle for short sellers to suppress the futures price, but the recovery of fundamentals also makes little room for decline. The short-term adjustment is not over yet. Today, it is still dominated by interval shocks. The short-term pressure above is 1525, but the workbench is relatively large, 1540; Downward support 15091500. During the session, it is necessary to pay attention to the market that has been pulled back after the downward probe. During the sensitive period of the market, investors temporarily punch a punch with a spherical end against a sample clamped in the cushion die and the pressing film to form a dent. Medium and long term use σ S (PA) indicates more ideas. Pay attention to the linkage of the market and deformed steel bars. For reference only. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk

Zhonghua glass () Department

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