On October 14, 2025, at the early morning opening, domestic futures main contracts showed mixed performance. Glass fell over 2%, while soda ash and white sugar declined nearly 2%. On the upside, Shanghai silver surged over 5%, with Shanghai gold, Shanghai copper, and international copper all rising over 2%. Liquefied petroleum gas (LPG) gained over 1%.

According to a research report from Hundun Tiancheng Futures dated October 14, today's float glass spot price stands at 1,261 yuan per ton, down 3 yuan per ton compared to the previous trading day. Glass demand improvement remains sluggish, while supply is at relatively low levels, resulting in a basically balanced supply-demand situation. Recently, the Ministry of Industry and Information Technology issued the "Building Materials Industry Stable Growth Work Plan (2025-2026)", promoting the elimination of outdated capacity in the glass industry. This has boosted market sentiment, leading to rising glass spot prices and some profit recovery. Some production lines are expected to resume operations, adding supply pressure. The market is experiencing significant emotional volatility under the influence of both reality and expectations, causing substantial fluctuations in futures prices.

We believe that future trends will mainly depend on the timing and intensity of policy implementation. Important industry meetings regarding the glass sector may be held in the middle to late part of this month, likely related to specific implementation policies for the stable growth work plan. Close attention should be paid to the content of these meetings. (This content and viewpoints are for reference only and do not constitute any investment advice)