The basis difference of glass spot futures is repaired, and the price rise is insufficient
News on June 5, according to relevant analysis, positive macro expectations are an important driving force for the rise in glass prices. The market's expectations for future economic recovery have improved, related stimulus expectations have been superimposed, and glass has rebounded sharply driven by sentiment. At the same time, in the case of underestimation, the good news stimulated buying, driving the glass to soar, and the glass basis to recover.
But from a fundamental point of view, the upward drive of glass is still insufficient. On the one hand, the demand is still not optimistic, the middle and lower reaches are digesting inventory, and under the atmosphere of price cuts, the enthusiasm for purchasing is low. On the other hand, the real estate data shows strong expectations and weak expectations, and the complete end continues to improve. However, front-end data such as new starts are not good, which means that the demand for remote glass is weakening.
After this sharp rebound, the glass basis has been repaired, the upper space is limited, and the demand is weakening, and the upward drive is insufficient.
