Newsletter summary
The national daily output of float glass maintains 17.Scratchenglish.50000 tons highScratchenglishWith the seasonal decline in demand and the increase in supply pressure, the futures market recommends paying attention to 09 contracts at 1630-1650 yuan / ton.ScratchenglishThe opportunity to sell short. Lithium carbonate futures fell below the key support level, short-term demand resilience remains, medium-and long-term supply surplus has not changed, the market or under pressure, it is recommended to sell short.
Text of news flash
[float glass supply high market demand weakens] as the national daily float glass output is maintained at 17.ScratchenglishAt an all-time high of 50,000 tons, the supply side remains strong despite the recent cold repair of some production lines. The seasonal rebound in demand in April and May led to a phased decline in inventory, but after June, it is expected that the decline in seasonal demand and the arrival of the Meiyu season will have a restraining effect on downstream pick-up. In addition, from January to March this year, the completed area of real estate and the number of deep processing orders decreased significantly compared with the same period last year, resulting in a significant decline in total demand. In the medium term, the relationship between supply and demand of glass tends to increase and decrease, and the market pressure increases. [short-term market sentiment is boosted by policy] in the short term, the issuance of special treasury bonds and the spread of positive real estate policies, coupled with the potential strength of monetary and fiscal policies, have provided a boost to market sentiment to some extent. However, it will take time for policy transmission to the real economy, and given the possibility of marginal weakening of glass fundamentals after the peak season and the difficulty of changing the pattern of high supply and weak demand in the short term, the rebound in the futures market is expected to be highly limited. Investors are advised to pay attention to the rebound short selling opportunities of 09 contracts around 1630-1650 yuan per ton, and gradually stop profits as cold repair expectations are fulfilled. [lithium carbonate futures prices fall below the key support level] Lithium carbonate futures market recently showed a downward breakthrough, falling below the key support level. Although the decline in prices in the short term has increased the enthusiasm of downstream receiving, showing the resilience of demand, in the medium to long term, the fundamentals of excess supply of lithium carbonate have not changed, the market may be under pressure in the second quarter, and the long-term strategy is still to sell short at high prices. [risk Tip] investors need to pay attention to the higher-than-expected changes in glass demand and supply, which may have a significant impact on the market. At the same time, the problem of oversupply in the lithium carbonate market also needs continuous attention to cope with possible market fluctuations.
