5月31日丨聚玻玻璃期现周评（第61期）：期价筑底回升动能增强，现货供需偏弱难改整体压力。

一周玻璃期现价格走势（5.25~5.29）

Weekly Trend of Glass Futures and Spot Prices (May 25 - May 29)

本周玻璃期货价格先降后涨，周内FGM玻璃主连价格上涨13元/吨。

Glass futures fell first and then rose this week. The price of FGM main continuous glass contract increased by RMB 13 per ton during the week.

本周玻璃现货价格稳中走弱，全国市场均价环比下降2元/吨。

Spot glass prices weakened slightly while staying range-bound this week, with the national average price down RMB 2 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：本周供应端一产线放水、两产线改产，行业开工率窄幅走低；降雨天气影响仍存，局部地区出货受阻，行业小幅累库。

Supply side: One production line was drained for shutdown and two lines were converted this week, causing a slight decline in the industry operating rate. Affected by rainfall, shipments were blocked in some areas, and industry inventories increased moderately.

需求端：本周中下游采购积极性一般，厂家维持出货为主，华南、华东等地区厂家降价出货、刺激补货，行业出货压力仍存。

Demand side: Midstream and downstream buyers showed mild purchasing enthusiasm this week. Manufacturers focused on moving stocks. Producers in South China, East China and other regions cut prices to drive restocking, and shipment pressure persisted across the industry.

• 技术面 Technical aspect

本周玻璃主力合约呈现震荡反弹格局，其中最高价1062，最低价1015。

The main glass futures contract fluctuated and rebounded this week, hitting a high of 1062 and a low of 1015.

Technically, the daily K-line consolidated at the bottom and staged a breakout with expanded trading volume on Friday. The weekly K-line closed as a solid bull candle with a long lower shadow, reflecting solid downside support and renewed upward momentum, ending the previous prolonged weak trend. Moving averages turned upward for short-term recovery, while the medium-term trend remained bearish.

• 后市展望 Market Outlook

基本面上，当前行业库存压力尚存，叠加梅雨季临近，厂家出货心态渐浓，部分或将灵活调价、刺激采购，预计短期内玻璃现货价格稳中走弱。

Fundamentally, Inventory pressure lingers in the industry. With the plum rain season approaching, manufacturers are eager to clear stocks. Some may adjust prices flexibly to boost purchases. Glass spot prices are expected to weaken slightly amid stability in the short term.

Technically, the price rebounded with increased trading volume after bottoming out at a low level, sending out reversal signals. Bulls hold the advantage in the short term. The market is likely to keep fluctuating and moving higher in the near term, yet constrained by fundamentals in the medium run, the rebound will proceed with volatility.

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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