According to the Zhì tōng cai jīng APP, Xinyi Glass (00868) fell more than 5%, and was down 5.27% to HKD 8.62 with a turnover of HKD 27.1036 million as of the time of publication.

On the news front, according to Futures Daily, looking back on May-June, the price of float glass rose and then fell, remaining in a narrow fluctuation. In the short term, although the daily output of glass is down compared to the previous month, it is still at a high level. As for demand, the rainy season is still ongoing, and demand is not expected to rebound significantly, so the likelihood of a significant reduction in inventory is low. However, the profits of high-cost factories are currently not high, spot prices have not yet seen further declines, and there is not much downside for the 2409 contract. It is expected to maintain a low-level shock in the short term.

Huatai Futures said that the overall transaction in the North China market is moderate, and some manufacturers have lowered their prices, while downstream purchases according to demand. In the East China market, the prices of most companies remain stable, and middle- and downstream purchases are mainly on demand. In the Central China market, the prices of most companies remain stable, while the prices of some companies have been lowered by RMB 2 per heavy box. In the South China market, the overall transaction is moderate, and some companies have lowered their prices today. The center of gravity of the market continues to decline. Float glass in the Southwest and Northwest areas remains stable, but the overall production and sales are mediocre, and it is difficult for prices to stabilize. Overall, glass supply remains at a medium to high level, with price reductions for middle and upper stream and just-in-time purchasing for downstream, weak production and sales, and lingering pressure on glass inventory. It is expected that the futures prices will still steadily decline in the context of little possibility of spot price increases.