First-Creator Futures: Cost Reduction, Glass Futures Price Stops Rising and Declines

Coal and soda ash prices have declined, and cost support has weakened. On the supply side, current production companies are accumulating inventories, with some regions’ midstream inventories reaching high levels. This week, production lines are expected to remain relatively stable. After the holiday, some production lines still have expectations of reducing output; if plans proceed as scheduled, supply may continue to decline. On the demand side, downstream demand is seasonally weakening, with mid-to-lower downstream procurement not very active, mainly focusing on receivables, and raw material companies facing increased inventory pressure. The combined effect of weak supply and demand and declining costs suggests that short-term prices will remain range-bound with fluctuations, with attention to changes in costs and production line status. (First Capital Futures)