Zhitong Financial APP learned that China Glass (03300) enlarged its afternoon decline by more than 30% to as low as HK $2.10, basically giving up all its gains during the month. As of press time, it fell 25.25% to HK $2.25, with a turnover of HK $207 million.
On the news, glass futures prices fell at a high level, falling sharply for two consecutive days, the main contract switched to January, the glass 2101 contract is now down more than 4%, and the exchange has imposed position restrictions on some glass futures contracts. In terms of fundamentals, the inventory growth of the original film factory has slowed down, and spot prices remain high under the low absolute quantity, with an upward trend in some regions.