Market confidence strengthened, glass prices rose.

On July 22, the closing price of the main glass futures contract FG509 was 1249 yuan/ton, with an intraday increase of 9.08%. As a result, the spot price of glass on July 23 was 1207 yuan/ton, up 8 yuan/ton. According to the monitoring of Baichuan Yingfu Market, on July 23, the overall market trading atmosphere for flat glass was positive, with most manufacturers raising prices significantly and smooth production and inventory situation. Overall, the average price of flat glass continued to rise. The recent increase in glass prices is generally believed by institutions to be mainly due to three factors: first, the oversold nature of the market itself in the previous period; second, recent policies guiding the supply side towards "anti-internal circulation"; and third, the positive feedback loop between glass futures and spot markets.