SunSirs: Building Material, Glass Market was Low and shocked, Futures Prices Closed Down slightly

Market situation: FG2009 contract opened low concussion, futures price slightly closed down. On that day, it closed 1,241, which was -0.16% compared with the previous trading day; trading volume was 168,121, positions were 144,952, +6,746; basis +143.

News: according to statistics of Longzhong information, as of the week of April 2, the total inventory of China's glass sample enterprises was 96.8694 million heavy boxes, up 0.42% month on month, up 139.50% year on year, and the inventory days were 56 days. The average price of float glass in China was 1,472 RMB/ ton, down 2.58% month on month, down 0.47% year on year, and the industrial capacity utilization rate was 80.46%.

Conclusion: the weakness of domestic float glass market continues, and the center of gravity in some areas has declined significantly. The recovery of the downstream real estate is slow, the digestion speed of the source of goods is limited, and the purchasing of the processing plant is cautious. The impact of low price goods from other ports in East China market of the main sales area is obvious, and the prices of all enterprises have been continuously lowered to ease the situation of shipping difficulties. After the traffic control in Shahe area of North China is restored, most enterprises have basically achieved a balance in production and sales, and the overall inventory has slightly decreased. Under the limited influence of the resumption of production of local processing enterprises in Central China, they still focus on overseas development. South China market continues to decline, and the shipping operation of enterprises is more flexible. Last week, the total inventory of China's glass sample enterprises continued to increase on a month on month basis, and the inventory days were still at a high level. Under the inventory pressure, the futures price rebound is weak, and it is suggested to treat it in a way of shock and short.

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