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Haitong Futures: The rainy season is approaching, and glass prices are fluctuating to build a bottom

K-LinePoet
Recently, the rainy season has begun, and the seasonal transportation of glass is hindered by the high humidity environment affecting transparency. The overall supply side shows an initial shrinking trend. Currently, market prices are approaching historical lows, with cost support below. The market expects that the subsequent phase of supply and demand mismatch due to seasonal factors will drive prices higher. Currently, the support for the September contract is around 1000 to 1050, so it is advisable to buy on dips at cost. (Haitong Futures)
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