Happy New Year but Info of Last Week

Last week, the main glass contract 2405 rebounded upwards, with a closing price of 1911 yuan/ton, an increase of 96 yuan/ton or 5.29% compared to the previous week. In terms of spot transactions, the weekly average price of domestic float glass market was 2004 yuan/ton, an increase of 4 yuan/ton compared to the previous week. In terms of supply, the operating rate of float glass enterprises last week was 83.01%, flat compared to the previous week, and the capacity utilization rate was 84.21%, an increase of 0.29% compared to the previous week. In terms of inventory, the total inventory of national float glass sample enterprises last week was 32.353 million heavy boxes, an increase of 2.15% compared to the previous week. In terms of profitability, the average profit of national float glass was 336 yuan/ton, an increase of 10 yuan/ton compared to the previous week. Overall, last week's glass inventory increased slightly but was still lower than the same period last year, and glass production remained stable with a slight increase, basically close to the high point of previous years. Currently, the market still has strong expectations for the peak season demand for glass next year, coupled with downstream winter reserves driving off-season rigid demand, short-term glass prices have resilience, before the completion cycle peak point arrives, glass is not easy to be overly pessimistic, but high industry profits will also suppress the increase in glass prices, presenting a trend of volatility as a whole.