Glass futures saw a slight rebound yesterday, driven primarily by news related to the real estate sector, which saw a simultaneous surge in related stocks.

I. Current Core Fundamentals Inventory: Slight weekly destocking, though levels remain high year-on-year. Factory inventories at sampled float glass plants nationwide stand at 70.78 million heavy weight

I. Key Drivers of the Sharp Decline Expectations for a Peak Season Failed to Materialize; Downstream Orders Remain Weak The market had previously bet on a recovery

I. Supply Side: Production continues to climb, characterized by rigid production requirements. Float glass furnaces are continuous-production units; once ignited, the cost of cold repairs is

Macroeconomics 1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China (PBOC) will conduct outright reverse repo operations totaling 500

Macroeconomics 1. [US-Canada Trade] Trade negotiations between the US and Canada collapsed on August 22. Because Canada failed to reach an agreement by the deadline, the

Macroeconomics 1. [Electricity Consumption] Data from the National Energy Administration shows that in July, total electricity consumption across society reached 1.04 trillion kWh, a year-on-year increase

I. Current Market Status We are past the midpoint of August, yet the market's anticipation of early stockpiling ahead of the "Golden September" peak season has

Macroeconomics 1. [PPI] National Bureau of Statistics: In July 2026, China's producer prices for industrial products rose by 3.5% year-on-year and fell by 0.7% month-on-month. Purchase

Macroeconomics 1. [LPR] The People's Bank of China authorized the National Interbank Funding Center to announce that on July 20, 2026, the loan market quoted interest

Macroeconomics 1. [GDP] National Bureau of Statistics: Preliminary estimates show that China's Gross Domestic Product (GDP) for the first half of the year totaled 69.5704 trillion

I. Short-Term Focus: Plum Rains Suppress End-User Demand; Circulating Inventories Pile Up Widespread and persistent "plum rain" weather across the middle and lower reaches of the

According to Futures Daily, macroeconomic expectations saw a marginal improvement entering June, causing glass futures prices to rebound briefly from lows; however, the downstream real

According to Futures Daily, the domestic glass market is currently characterized by a "weak balance" involving low supply, weak demand, and high inventory levels. Following

Macroeconomics 1. [Reverse Repo] The central bank will conduct a 500-billion-yuan outright reverse repo operation with a three-month term on June 5. With 800 billion RMB

Macroeconomics 1. [The Fed] Federal Reserve Governor Cook stated that the Fed stands ready to cut interest rates should the labor market deteriorate; conversely, it is

Macroeconomics 1. [MLF] The People's Bank of China (PBOC) released an announcement regarding its May Medium-term Lending Facility (MLF) tender. To maintain ample liquidity within the

Macroeconomics 1. [US PMI] The U.S. S&P Global Composite PMI Output Index for May stood at 51.7, unchanged from April; however, the overall pace of economic

Macroeconomics 1. [US CPI] The U.S. Consumer Price Index (CPI) rose 3.8% year-on-year in April—marking its highest level since May 2023—and significantly exceeded market expectations of