In the peak season, the glass prices hit a temporary new low.

Currently, it is a crucial period for the glass demand to pick up, but the market is showing a lackluster situation despite the peak season. The glass futures prices have also been continuously decreasing. Market participants believe that the high inventory levels in the upstream and midstream sectors, as well as weak end demand, are the core reasons for the weakness in glass futures prices. Shou Jialu, an analyst at Nanhu Futures, stated that the domestic apparent demand for glass in the first quarter decreased by 4.2% year-on-year, with fewer orders for downstream processing enterprises and no obvious signs of inventory replenishment in the terminal market; the inventory in the midstream trade link has already reached saturation, limiting the room for spot price increases.