Yesterday, the main 1609 contract extension of the glass futures trading day before the sharp rebound in a single day rose 4. 61% or 51 points, to close at 1157 yuan / ton, the highest since the end of May 2014 a new high.
Analysts pointed out that at present is in the off-season to the peak season conversion process, the production enterprise due to low inventory and capital efficiency and other reasons, a strong sense of price, the operation is recommended to do so far.
Spot prices to help up futures
Spot, glass spot trends steadily since last weekend, the regional mainstream factory library offer steady, but the library is a continuation of upward trend, especially Hebei, Hubei Province in after get rid of the heavy rains and flooding have affected foreign output gradually smooth, short-term prices still rising space, the futures formation to the driving force.
CITIC futures, said device, recently in Tianjin glass line cold repair after the re ignition, in addition to the recent plan the resumption of production line and Shandong Zibo Jin Jing line ignition, Anhui Fengyang glass line, Linyi, Shandong glass line.
"In August, production enterprises in East China, central China, North China area still further price hikes, spot strong again in recent months, the formation of push up. It should be noted that the long funds on short virtual disk runs about rate to stop the end of surplus hedge, warehouse and high near the settlement period logistic regression, 09 contract high difficulty is not small. " MEIKO futures analyst Li Jie said.
Taking into account the season is expected to move and the market outlook shift positions, the price benchmark to change factors, Li Jie expected period price is expected to be more in the far more than 01 of the contract can be reflected. Need to guard against market is the higher capacity and improve production capacity speed on the outlook of supply pressure on price. Uphold the far more than the low number of ideas, 01 contract concerns 20 day moving average support performance.
CITIC futures similar views, and that the whole plate steady performance and spot market season start is the main factors stimulate long counterattack, short term uptrend support is still valid. But in recent months, or too large to attract arbitrage involved, but also easily lead to delivery and regulatory risk. Therefore, the operation is recommended to do how far the main.
Manufacturers will strong price increases
"At present is in the off-season to the peak season conversion process, the production enterprise due to low inventory and capital efficiency and other reasons, a strong sense of. From the market demand, the increase in the northern region is better than the southern region, the spot price will also present regional differentiation, the price has a certain increase, there may be some areas of the callback." Glass futures researcher Lou Zailiang pointed out.
From a regional perspective, Lou Zailiang pointed out that South China production enterprises greatly raise the market price, and other regional price difference recovered to normal level; Central China prices also have excellent; northern region rose slightly, inventory has decreased.
Nanhua Ma Genmei futures, analysts pointed out that, at present is in the off-season to the season conversion process, enterprise production due to low inventories and capital benefit is good wait for a reason, very price strong sense of. From the market demand, the increase in the northern region is better than the southern region, the spot price will also present regional differentiation, the price has a certain increase, there may be some areas of the callback.
"Now the glass market has not seen the shadow of the off-season. After the flood season in the southern turnaround, glass manufacturers have price increases, even hit by heavy rain in North China market prices also did not change the strong trend. It is strong spot become a powerful driving force for the rising price of glass, in the bustling with activity situation, market outlook is expected to be broken before the high. " Philip industry futures analyst Zhang Yongge pointed out.