The hottest glass fragile glass futures rebounded

Fragile glass - the rebound of glass futures was "halved"

important news

Keqiang index shows that China's economic growth is still weak, and the boosting effect of foreign capital pressure will not be obvious in the short term; Economic data shows that the U.S. economy is not plain sailing; Although Europe boasts that the economic recovery is expected, the data is still not awesome, and the upward pressure on the economy is still great

Li Keqiang: there is little room to achieve the goal by stimulus and government investment

the foreign exchange share of Chinese financial institutions increased by 294.354 billion yuan in April, the fifth consecutive month of increase, and accelerated compared with March, indicating that the inflow of foreign capital is still surging

the monthly rate of PPI in the United States in April was -0.7%, and the annual rate was +0.6%, both worse than expected. The monthly rate and annual rate of core PPI were in line with expectations

the US Federal Reserve manufacturing index in May was -1.43, far lower than the expected 4.0. US industrial output fell 0.5% in April, less than expected

the Central Bank of Russia maintained the benchmark interest rate of 8.25%, in line with expectations

the initial quarterly rate of GDP in the euro zone in the first quarter was lower than expected. After the quarterly adjustment in the first quarter, Germany's initial GDP rate was +0.1%, far lower than expected. Its Ministry of economy: it is expected that the positive progress of domestic economic growth will continue throughout the year, especially next year

glass index analysis

on the 15th, the "China glass composite index" Rose 0.78 points from the previous day, "China glass price index" Rose 0.89 points, "China glass market confidence index" Rose 0.34 points. It is found that the index antecedence of each index has been weakened recently, and the reference is not strong. It is suggested to temporarily reduce the weight of the industry index in the analysis

glass spot situation

this round of glass price rise is close to the end, but in the later stage, it is not ruled out that the consortium meeting will raise prices again against the cycle, considering that the demand-oriented glass market will always absorb the impact of this behavior with suspicion of monopoly. Today, the glass market price adjusted slightly, the shipment situation was good, the enterprise inventory was normal, and there was no factor detonating the extreme market. On the whole, although the business consortium meetings are held intensively and the willingness to push up is strong, the stability of upstream costs and the resistance of downstream demand make the price rise face great pressure, and it is still necessary to be cautious in the future

demand for glass

the rapid rise in glass prices will weaken the enthusiasm of the channel that arranges the staff to solve the problem at the customer's site as soon as possible, and the traders' passion for taking goods ESC will also decline under the simultaneous action of stress, tension and environment. The real demand for glass has not been fully amplified, and the peak sales season has not come yet. Middlemen still purchase according to needs, and long-term demand is still not stimulated by favorable policies such as urbanization

the commercial housing sales data of last week and last month continued to be biased, which verified the fact that the "five new national rules" wrongly raised house prices. The expectation that the rising house prices would stimulate the government to shrink credit and control was strengthened, which aggravated the concerns of the market

glass futures

on the 15th, the September contract fell 26/ton, or 1.81%, to 1408 yuan/ton. The trading volume increased by 10% compared with the previous day, reducing 17004 positions. In January, the contract fell by 23 yuan/ton, or 1.59%, to 1428 yuan/ton. The trading volume was slightly smaller than the previous day, with 3144 positions reduced. Futures were suppressed by the moving average, the rising trend was "halved", and the rebound of industrial products ended. It is suggested to continue to hold glass futures with a 60 day moving average stop loss

summary

the Keqiang index shows that China's economic growth is still worrying. The price of some domestic glasses continued to rise and remained stable on the whole. Among them, the price in North China and central China rose by yuan/ton, and the sales in all regions were better. Glass futures changed its strong posture, and fell sharply due to the collective withdrawal of building materials. Technically, the long-lasting rebound was temporarily interrupted. On the whole, foreign bad news often appears, and the domestic macroeconomic trend is still worrying. Recently, the market atmosphere set off by the joint efforts of glass enterprises has not been responded by the demand side, and the sound of speculation about increasing the discount has gradually disappeared. Futures are again dominated by fundamentals, and are suppressed by the 60 day line. It is suggested that short orders with the 60 day line as the stop loss continue to be held

Keqiang index: this index is a combination of three economic indicators: new industrial power consumption, new railway freight volume and new medium and long-term bank loans. The weights during 2015 (2) and 2020 are 40%, 25% and 35% respectively

investment advice today

the short order with the 60 day line as the stop loss will reduce the stop profit position and continue to hold

it has the characteristics of good professionalism, high reliability, easy upgrade, etc.

Author: Zhao Fei (Wanda futures Xi'an Business Department) the content of this article is for reference only and does not constitute investment suggestions. Investors operate accordingly at their own risk

China glass () Department