6月7日丨聚玻玻璃期现周评（第62期）：供需小幅改善难消出货压力，玻璃期货大幅回落，超卖反弹高度受限。

一周玻璃期现价格走势（6.1~6.5）

Weekly Trend of Glass Futures and Spot Prices (July 1 - July 5)

本周玻璃期货价格震荡下行，周内FGM玻璃主连价格下降46元/吨。

Glass futures prices trended downwards with volatile swings this week, and FGM (Glass Main Continuous Contract) lost RMB 46 per ton over the week.

本周玻璃现货价格先降后稳，全国市场均价环比下降7元/吨。

Domestic spot glass prices dipped early in the week before leveling off, with the national average spot price falling RMB 7 per ton week on week.

一周玻璃期现行情分析

Weekly Analysis of Glass Futures and Spot Market

• 基本面 Fundamentals

供应端：本周供应端一产线改产，行业产量窄幅波动。本周整体成交情况较前期稍有好转，多地区库存由增转降，行业小幅去库。

Supply side: One production line switched product mix this week, leading to narrow swings in industrial output. Overall trading volumes picked up modestly versus the prior period; inventories shifted from accumulation to drawdown across multiple regions alongside mild industry destocking.

需求端：本周市场刚需支撑为主，局部地区出货承压，厂家去库心理较强，部分下调报价、刺激采购，区域间成交稍有分化，整体产销维持在平衡左右。

Demand side: The market was mainly underpinned by rigid demand this week. Some regions faced shipment pressure, pushing manufacturers to prioritize destocking; several suppliers trimmed offers to spur buying interest. Trading performance diverged moderately across areas, with overall production and sales staying roughly balanced.

• 技术面 Technical aspect

本周玻璃主力合约震荡下行，其中最高价1065，最低价1004。

The main glass futures contract drifted lower amid choppy trading this week, hitting a weekly high of RMB 1,065 per ton and a weekly low of RMB 1,004 per ton.

Technically, On the daily chart, prices failed to sustain upward momentum after an attempted rally, followed by persistent selling pressure from bears. The weekly candlestick closed as a solid bearish marubozu with no noticeable lower shadow, erasing most of the prior week’s rebound gains and marking an end to the earlier bottom-driven recovery trend, as bearish forces regained market dominance.The 5-day moving average has shifted from support to strong resistance. After breaking below this gauge twice early in the week, prices remained under persistent downside pressure. Meanwhile, the 10-day and 20-day moving averages have turned downward collectively, forming a short-term bearish MA configuration that caps upward rebounds at successive resistance levels.

• 后市展望 Market Outlook

基本面上，行业小幅去库，但多地区出货仍承压，厂家去库心理渐强，短期内玻璃现货价格或将松动。

Fundamentally, the industry saw modest inventory destocking, yet shipment pressure persisted across numerous regions. Producers’ eagerness to reduce stocks intensified, leaving spot glass prices vulnerable to near-term downward corrections.

Technically, after successive sharp declines in the short run, the RSI is closing in on oversold territory, paving the way for a minor technical corrective rebound. Nevertheless, bearish alignment of moving averages alongside a finalized MACD bearish crossover keeps the medium-term downtrend intact; any bounce is merely corrective and prone to renewed declines upon hitting resistance.

声明：市场有风险，决策请独立审慎。本文所涉数据信息均源自网络公开信息，观点仅限行业探讨不构成投资建议，不承担据此操作引发的任何责任。

Disclaimer: Market investment carries risks. Please make independent and prudent decisions. All data and information herein are sourced from public online materials. The opinions are only for industry discussion and do not constitute investment advice. We assume no liability for any actions taken based on this content.

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