Glass Futures Showed Like A New Star

(China Glass Network) On the second of glass futures listing, glass futures keeps down. The main contracts finished at 1311 yuan per ton, dropping 25 yuan. The decline amount reaches 1.87%.

Market participant thought, the glass supply surpasses the demand. And the situation will not be released in a short term. The downstream industry like real estate and auto industry remains depression which greatly restrains the demand. So in one world, the glass futures will keep down for a moment.

The good news is that the day total volume of glass futures reaches 1.387 million hands, following the Soybean meal futures 1.958 million hands and Rebar futures 1.589 million, ranking the third position. It is unusual for the new futures.  The insiders thought, the glass futures would be a new star in futures market.