6月14日丨聚玻玻璃期现周评（第63期）：玻璃期价低位磨底止跌信号初现，现货累库需求偏弱牵制反弹。

一周玻璃期现价格走势（6.8~6.12）

Weekly Trend of Glass Futures and Spot Prices (June 8 - June 12)

本周玻璃期货价格弱势震荡，周内FGM玻璃主连价格下降17元/吨。

Glass futures prices trended weakly with fluctuations this week. The FGM main continuous contract dropped by RMB 17 per ton.

本周玻璃现货价格窄幅走低，全国市场均价环比下降10元/吨。

Spot glass prices edged down within a narrow range, with the national average price falling by RMB 10 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，综合开工率窄幅缩减。本周整体产销维持在平衡左右，区域间库存升降不一，行业重回累库态势，环比上涨0.14%。

Supply side: One production line was shut down this week, leading to a slight decline in the overall operating rate. Production and sales basically remained balanced. Inventories varied across regions and started to accumulate again, up 0.14% week on week.

需求端：本周下游需求仍显弱势，厂家出库心理较强，多地区报价松动，市场价格走低，整体成交重心下移。

Demand side: Downstream demand stayed sluggish. Manufacturers were eager to clear stocks, resulting in softer quotations and lower market prices nationwide. The overall transaction prices moved down.

• 技术面 Technical aspect

本周玻璃主力合约弱势震荡，其中最高价1012，最低价982。

The main glass futures contract fluctuated weakly, hitting a weekly high of 1012 and a low of 982.

Technical analysis: On the daily chart, the MACD green bars kept shrinking and the DIFF line flattened at a low level, indicating fading bearish momentum and initial signs of a price bottom. The 5-day, 10-day and 20-day moving averages formed a bearish arrangement, continuously capping price gains. Rebounds were repeatedly blocked by the 5-day moving average during the week. The weekly K line closed as a small negative candlestick with a relatively long lower shadow. Although the price center kept moving down, buying support at lower levels strengthened. The downward momentum of bears eased and the market entered a bottom consolidation phase.

• 后市展望 Market Outlook

基本面上，多地区市场价格走低，整体成交情况未有明显改善，行业库存由降转增，厂家出货压力仍存。

Fundamentals: Prices declined in most regions with no notable improvement in trading activity. Industrial inventories reversed from a decline to an increase, leaving manufacturers under persistent shipment pressure.

Technically, the market is consolidating at low levels. MACD and RSI indicators confirm growing signs of a bottom, and the bearish trend is slowing down. Range-bound fluctuations are likely to continue in the short run. A break above the 1000 mark may trigger a rebound towards 1010-1015. Conversely, a drop below 980 will raise the risk of a second dip.

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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