Glass production capacity and the number of production line starts will be weak and volatile. Market Review: last week, the main contract of glass was 1609, the opening price was 1017, the closing price was 1020, and the position was 23. 10000 hands, with a total turnover of 29. 2 hands, the daily level K line vibrates below the brin upper rail
news: 1. The results of the eighth round of China US Strategic Economic Dialogue in four economic fields are released: 1. The negative list of the bilateral investment agreement (bit) will be exchanged next week; 2. The RMB business will be carried out in North America, and China will give the US 250billion yuan of qualified foreign investors (QFII); 3. Boost the economy and avoid competitive devaluation; 4. China will reduce 1. 100million -1. 500million steel production capacity, and promised not to increase production capacity
2. Finance minister Lou Jiwei: China's economy has a stable overall foundation this year and will continue its prudent monetary policy; We must adhere to a relatively loose fiscal policy to support supply side reform and economic growth; China is facing the problem of overcapacity, but it will continue to reduce the overcapacity of steel, and China can't completely plan to reduce the overcapacity; When necessary, it will increase and make breakthroughs. The central budget will resettle laid-off workers
spot market: the spot glass in various places continued to rise, and the average price of 5mm float glass increased from 1215. 40 yuan/ton rose to 1216. 84 yuan/ton. The average ex factory price of light soda ash in key enterprises increased from 1308. 33 down to 1286. 67 yuan/ton. Since 2016, the ex factory price of heavy oil of major key enterprises has remained stable without fluctuation
production lines and inventory: last week, the total number of float glass production lines was 352, unchanged from the previous week, with a total capacity of 12. 5.6 billion weight boxes; The number of production lines started is 236, an increase of 1 over last week, with an operating rate of 67. 05%; The inventory of the production line was 33.67 million weight boxes, an increase of 110000 weight boxes over last week. It is worth noting that since the beginning of March, the existence of glass production line inventory has continued to decrease, but has increased since the beginning of June
operation strategy: last week, the main contract of glass was 1609, the opening price was 1017, the closing price was 1020, and the position was 23. 10000 hands, with a total turnover of 29. Wear measurement: 2 hands, daily level K line vibrates below the brin upper rail. There are signs that China's economy has bottomed out and stabilized in stages. The country will continue to implement an active fiscal policy and a prudent monetary policy, and the supply side structural reform will be accelerated. Glass production lines and operating rates have increased, inventories have increased, and the south is in the rainy season. In the short term, glass may run in shock. It is recommended that investors of composite materials, rather than "paper plastic", operate in a light warehouse, throw high and absorb low, pay attention to controlling the risk of completely open test results, pay attention to the pressure of line 1060 above, and pay attention to the support of line 920 below. In the medium term, the demand is good, and investors are advised to lighten their positions and buy on bargain hunting
global glass () Department
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