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On June 11, 2015, the “China Glass Composite Index” was 833.12 points, down 0.99 points from the previous period of June 11, 2015. The “China Glass Price Index” was 821.05 points, down 0.53 points from the previous period of June 11, 2015. The “China Glass Market Confidence Index” was 881.39 points, down 2.84 points from the previous period of June 11, 2015.

In the futures market, the main contract of glass futures 1509 fell by 11 yuan / ton or 1.14% on June 12, and slightly increased by 1 yuan / ton or 0.11% at night, to close at 952 yuan / ton. In the June 11th session, the contract was once up to 970 yuan / ton, and a long upper shadow line was received on the K-line, indicating that there is pressure on the upper gear. However, on June 12, the lowest probe was 943 yuan / ton and then quickly pulled up, closing a long shadow line, showing that there is also some support below.

According to the position data, on June 11, the 1509 contract positions increased by 42,400 lots, and the positions amounted to 268,600 lots. On June 12, the number of positions was significantly reduced by 42,500 hands to 226,100 lots, and the night table reduced 764 lots.

The above data shows the current point. The differences between the long and short sides have increased. According to Zheng Shang's position data, in the top 20 seats of the 1509 contract on June 11, the long position increased by 10,692 hands to 79,601 lots, and the short position also increased the position of 19,919 lots to 91,191 lots. hand. The mainstay of the bears took a slight advantage, while the short positions were more concentrated. Only Hongye Futures increased its positions by 5,256 contracts yesterday, while the long positions were more scattered. On June 12, the top 20 seats in the long and short positions were lightened, the short position was reduced by 5,897 lots, and the long position was reduced by 3,595 lots.

Everbright Futures analyst Zhong Meiyan pointed out that the current spot demand decline, the price stalemate is a seasonal factor, but also the result of increased supply and demand conflicts. Under the influence of the rainy season in the southern region and the busyness of farming in the northern region, the demand for glass for real estate construction has slowed down or decreased, and will not recover until August. In view of this situation, most of the production companies in the rainy season are difficult to maintain high temperatures, most of them are on the market.

From a regional perspective, she said that prices in most regions are stable and have not changed much. The seasonal reduction in current demand has resulted in poor production and sales of production enterprises, and the market price is relatively flexible, mainly to reduce the amount of funds returned from stocks. In order to repay bank loans, Shahe’s recent price cut of 30 yuan collected 30 million yuan, which has a relatively large impact on the market.

In terms of spot, Ruida Futures pointed out that the spot price in Shahe area of ​​North China is stable, the price of Runan glass is rising, the manufacturers are out of the warehouse, the attitude of various manufacturers is cautious, and the inventory is slightly increased; the price of glass in East China is stable; Central China The price of glass was stable and the transaction was more flexible. The price of glass in South China was stable and the goods were generally sold.

“Over the weekend, the industry stocks 35.54 million heavy boxes, an increase of 30,000 heavy boxes. The traders still kept low inventory status, and the southern rainy season made the storage and storage of products more difficult. At present, the real estate enterprises mainly focus on destocking and returning funds, and newly started/under construction. The progress of the project is slow, and there is no expected significant progress in demand. In terms of production capacity, the reduced capacity of the cold repair production line is greater than the newly added capacity and the cold repair ignition capacity. The shrinkage of the production capacity provides a certain driving force for the increase of the glass price in the later period.” Cinda Futures analysts pointed out.

“Shahe Security and Xinli and other enterprises will increase the price of thin plates by about 10 yuan as scheduled. The flexible and variable sales policy in the short term will make traders feel at a loss. The original speed of the Shahe area has been released due to factors such as busy farming. Slow, a large number of low-cost glass out of the warehouse will have a relatively large impact on the existing price system. Also need to pay attention to Zheng Shang Institute from the evening to add new varieties of glass and other night trading, it is worthy of attention." Zhong Meiyan said.

Operationally, Ruida Futures suggested that the glass 1509 contract closed up slightly, and the futures price was around 950 yuan/ton, and the short-term trend oscillated. In operation, it is recommended to trade around 940-965 yuan / ton.

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