Shouchuang Futures: Under policy expectations, glass futures prices halt their decline and rebound

K-LinePoet · 2026-04-11T18:48:48+00:00

This week, one float glass production line each was put into operation in North China and East China, and the overall domestic capacity utilization rate increased to 74.47%. Production slightly increased, but demand remains weak, and inventories are rising. In the short term, supply and demand are relatively weak, and attention should be paid to policy changes and downstream order conditions.

K-LinePoet

2026-04-11 18:48:48

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On the supply side, one production line in North China and one in East China were ignited this week, involving a capacity of 920 tons. There are currently 210 float glass production lines in operation domestically, with 85 lines shut down for maintenance. The average capacity utilization rate of the float glass industry is 74.47%, an increase of 0.14 percentage points month-on-month. Float glass production volume is 1.0397 million tons, up 0.17% month-on-month but down 5.24% year-on-year. The total inventory of sample enterprises for float glass nationwide is 79.64M heavy boxes, an increase of 3.63M heavy boxes or 4.77% month-on-month, and up 14.51% year-on-year. Next week, one 600-ton line is expected to be shut down, and one 1050-ton line ignited, with supply slightly increasing.

On the demand side, domestic deep-processing enterprises are resuming work slowly, and some export order companies are mainly rushing orders due to the impact of tax rebate policies. Procurement sentiment downstream is not high, and raw sheet enterprises are experiencing poor shipments and significant inventory pressure.

In summary, short-term glass supply and demand remain relatively weak, but important meetings have reiterated anti-inflation and ecological environmental protection, which may cause disturbances on the supply side. Under policy expectations and sentiment, it is expected that short-term glass futures prices will mainly recover in valuation, with attention to downstream order situations and production line changes. (First Capital Futures)

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