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Review of the recent glass market

After the Spring Festival, the demand for glass consumption and inventory replenishment has entered a seasonal off-season, and the inventory of glass manufacturers has further accumulated on the previous high base, so the futures and spot prices are under pressure to adjust. Investors' concerns about the financial situation of real estate companies and glass deep-processing companies have amplified the pessimism of the market in stages, and the trend of glass prices led the decline in the building materials sector. According to recent high-frequency industrial data such as daily housing transactions and daily production and sales in major glass production areas, the macro and industrial environment of glass demand is gradually improving, and the spot price of glass futures is therefore oscillating and stabilizing below the industry's average cost line.