Black building materials shares yesterday to maintain shock too many patterns, glass main 1609 contracts continue rebound trend, Japan exceeded 1100/ton three lianyang pass and implement daily. Far month 1701 contract trends are relatively weak, increased bunker down at night and fall of 30th-day EMA support, short words of optimism.
Spot, a sustained recovery in market sentiment in the near future, around the glass frequently raise prices, Shahe security yesterday, the great wall enterprises, such as the price of 8-10 Yuan/ton, keep per cent improvement in central China and South China market rose steadily, more short-term market sentiment.
Overall, the fundamentals of glass maintained a steady upward trend in the near future, business inventories and improved price performance rose in early July, is also reflected in the recent behaviour in recent months. In addition, the current positions remains high in recent months, as the delivery date approaches, funding factors influence on the trend of the past few months should not be overlooked. By contrast, the far-month short-term lack of good support, with below 30th line support at night yesterday, obviously frustrated bulls confidence, short-term or continuing to adjust.
