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Haitong Futures: Raw material disruptions lead to volatile glass prices
Recently, due to geopolitical changes, the energy price center has risen, increasing the cost of glass and driving prices higher. However, it should be noted that current glass production has not seen a significant decline, and inventories remain high. Additionally, demand is expected to continue shrinking this year. There is still a high possibility of price reductions and destocking before the rainy season. Currently, support for the 05 contract is around 1000–1050, with limited upside potential. It is recommended to stay cautious. (Haitong Futures)