Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The current supply - demand outlook for ethylene glycol remains weak, but due to the boost from macro - sentiment, ethylene glycol is expected to show a slight upward trend [7]. 3. Summary by Directory 3.1 Market Review and Operation Suggestions - On the 23rd, the opening price of the main ethylene glycol futures contract was 4060 yuan/ton, the highest was 4119 yuan/ton, the lowest was 4052 yuan/ton, the settlement price was 4086 yuan/ton, and the closing price was 4095 yuan/ton, up 62 yuan from the previous trading day's settlement price. The total trading volume was 188,925 lots, and the open interest was 334,305 lots. The EG2601 contract closed at 4095 yuan/ton, up 62 yuan, with an open interest of 334,305 lots, a decrease of 11,222 lots. The EG2605 contract closed at 4163 yuan/ton, up 52 yuan, with an open interest of 18,730 lots, an increase of 1,853 lots [7]. 3.2 Industry News - Last week, the operating rate of US refineries increased, boosting crude oil demand. After three consecutive weeks of inventory growth, crude oil inventories declined, and international oil prices continued to rise. On Wednesday (October 22), the settlement price of the December 2025 West Texas Intermediate crude oil futures on the New York Mercantile Exchange was $58.50 per barrel, up $1.26 or 2.20% from the previous trading day, with a trading range of $57.34 - $59.83. The settlement price of the December 2025 Brent crude oil futures on the London Intercontinental Exchange was $62.59 per barrel, up $1.27 or 2.07% from the previous trading day, with a trading range of $61.38 - $64.17 [8]. - In the Zhangjiagang ethylene glycol market, the spot (October bottom) negotiation price this week was 4189 - 4190 yuan/ton, up 79.5 yuan/ton from the previous working day. The negotiation price before November 7 was 4168 - 4170 yuan/ton, and the negotiation price for late November was 4168 - 4173 yuan/ton. The basis of the current spot (October bottom) was at a premium of 94 - 95 yuan/ton compared to EG2601, the basis before November 7 was at a premium of 73 - 75 yuan/ton compared to EG2601, and the basis for late November was at a premium of 73 - 78 yuan/ton compared to EG2601 [8]. - The inventory of liquid ports in East China showed a downward trend, decreasing by 0.27 million tons or 0.14% compared to the previous period. The breakdown of inventory changes was as follows: ethylene glycol decreased by 2.30 million tons, methanol increased by 1.20 million tons, styrene decreased by 0.05 million tons, pure benzene increased by 1.20 million tons, diethylene glycol decreased by 0.43 million tons, toluene increased by 0.76 million tons, and xylene decreased by 0.65 million tons [8]. 3.3 Data Overview The report provides multiple data charts, including the PTA - MEG price difference, MEG price, MEG futures price, futures - spot price difference, international crude oil futures main contract closing price, raw material price index (ethylene), MEG downstream product price, and MEG downstream product inventory, with data sources from Wind and the Research and Development Department of CCB Futures [10][15][16][18].

多晶硅日报 能源化工研究团队 研究员：李捷,CFA（原油燃料 研究员：任俊弛（PTA/MEG） 研究员：彭浩洲（工业硅/多晶 研究员：彭婧霖（聚烯烃） 研究员：刘悠然（纸浆） 期货从业资格号：F03134307 请阅读正文后的声明 每日报告 一、行情回顾与展望 市场表现：多晶硅主力合约价格窄幅震荡，PS2601 合约收盘价 53080 元/吨，涨 幅 1.07%，成交量 100862 手，持仓量 78928 手，净增 419 手。 现货价格：多晶硅 n 型复投料成交价格区间为 4.9-5.5 万元/吨，成交均价为 5.32 万元/吨，环比持平。 油） 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 硅）028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F30 ...

Report Information - Report Type: Crude Oil Daily Report [1] - Date: October 24, 2025 [2] Investment Rating - Not provided Core Viewpoints - Overnight, the US canceled a summit with Russia and imposed sanctions on two Russian oil companies, leading to a rebound in oil prices. India has denied plans to stop importing Russian oil. The impact on Russian oil exports may be limited, and shipping conditions need to be monitored [6]. - On the supply side, OPEC+ production is generally within the quota, but there is still room for growth, and non - OPEC+ countries will also contribute significant supply, resulting in high supply pressure. On the demand side, both IEA and EIA slightly raised their demand forecasts in their monthly reports, but the demand increase is far lower than the supply. Inventory accumulation will accelerate in Q4 this year. - Short - term oil prices have rebounded due to geopolitical tensions and a correction in precious metals. If the sanctions do not further escalate, oil prices may face another correction under the situation of weak supply and demand [7]. Section Summaries 1. Market Review and Operation Suggestions - **Market Data**: WTI's opening price was $57.59, closing at $59.38, with a high of $59.83, a low of $57.59, a rise of 3.74%, and a trading volume of 35.67 million lots. Brent's opening price was $61.34, closing at $63.89, with a high of $64.04, a low of $61.09, a rise of 4.69%, and a trading volume of 43 million lots. SC's opening price was 446.5 yuan/barrel, closing at 459.7 yuan/barrel, with a high of 463.7 yuan/barrel, a low of 445.8 yuan/barrel, a rise of 4.05%, and a trading volume of 15.16 million lots [6]. 2. Industry News - UBS Group expects Brent crude prices to remain in the range of $60 - $70 per barrel. - The US Treasury has sanctioned two major Russian oil companies. - US Energy Secretary said that oil prices are low and it is a good time to buy. - The EU approved the 19th round of sanctions against Russia, including a ban on liquefied natural gas imports. - Hungary will start negotiations with the US on purchasing nuclear fuel. - Russia is carrying out a planned attack on Ukraine's energy system. - Russia's oil supply to India is expected to drop to near zero, and Indian refiners are reviewing Russian oil contracts [8]. 3. Data Overview - The report presents multiple data charts, including global high - frequency crude oil inventory, EIA crude oil inventory, US crude oil production growth rate, Dtd Brent price, WTI spot price, Oman spot price, US gasoline consumption, and US diesel consumption, with data sources from EIA, Bloomberg, and Wind [11][12][15]

Report Summary 1. Report Date - The report is dated October 24, 2025 [2] 2. Research Team - Energy and Chemical Research Team includes researchers for different products such as crude oil, PTA/MEG, industrial silicon, polyolefins, and pulp [3] 3. Market Performance and Outlook Market Performance - Industrial silicon futures prices rebounded today. Si2601 closed at 9060 yuan/ton, up 2.72%, with a trading volume of 228,318 lots and an open interest of 176,995 lots, a net increase of 14,597 lots [4] Spot Prices - The price range of 553 is 8800 - 9300 yuan/ton, and that of 421 is 9550 - 9950 yuan/ton [5] Market Outlook - Enterprises have insufficient willingness to cut production actively. Supply in October is over 400,000 tons, and demand is generally stable. Loose supply - demand keeps the market without inventory - reduction drive. In the 4th quarter, the expected support mainly lies in the cost increase in the Southwest and active production cuts, but the implementation degree remains to be seen. Spot prices are in a stalemate again. The market rebounds due to the strengthening of the sector after adjusting to the lower end of the range, with increasing resistance to the rebound. It is expected to fluctuate cautiously and strongly [5] 4. Market News - On October 23, the number of futures warehouse receipts on the Guangzhou Futures Exchange was 48,371 lots, a net decrease of 367 lots from the previous trading day [6]

Group 1: Report Information - Report Name: Polyolefin Daily Report [1] - Date: October 24, 2025 [1] - Research Team: Energy and Chemical Research Team [2] - Researchers: Peng Jinglin (Polyolefins), Li Jie (Crude Oil and Fuel Oil), Ren Junchi (PTA, MEG), Peng Haozhou (Urea, Industrial Silicon), Liu Youran (Pulp), Feng Zeren (Glass and Soda Ash) [2] Group 2: Market Quotes Futures Market Quotes | Contract | Opening Price (yuan/ton) | Closing Price (yuan/ton) | Highest Price (yuan/ton) | Lowest Price (yuan/ton) | Change (yuan/ton) | Change Rate (%) | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Plastic 2601 | 6946 | 6999 | 7013 | 6934 | 85 | 1.23 | 531489 | -18375 | | Plastic 2605 | 6965 | 7044 | 7060 | 6965 | 91 | 1.31 | 62406 | 487 | | Plastic 2609 | 7019 | 7058 | 7072 | 7015 | 65 | 0.93 | 1129 | 194 | | PP2601 | 6633 | 6691 | 6710 | 6616 | 84 | 1.27 | 618484 | -14771 | | PP2605 | 6656 | 6740 | 6755 | 6656 | 88 | 1.32 | 126580 | 1854 | | PP2609 | 6684 | 6734 | 6754 | 6678 | 61 | 0.91 | 6035 | 1037 | [3] Spot Market Quotes - On October 23, 2025, the inventory level of major producers was 760,000 tons, a decrease of 20,000 tons (2.56%) from the previous working day; the inventory in the same period last year was 770,000 tons [5] - PE market prices showed mixed trends. The LLDPE prices in North China were in the range of 6900 - 7150 yuan/ton, in East China 6950 - 7500 yuan/ton, and in South China 7150 - 7500 yuan/ton [5] - The mainstream price of propylene in the Shandong market was temporarily in the range of 6000 - 6020 yuan/ton. The propylene price remained stable at a low level, downstream factories made purchases as needed, production enterprises aimed for stable sales, and a small number of offers were slightly adjusted. The overall market was in a wait - and - see mood [5] - The PP market showed a warm adjustment, with some market prices rising by 10 - 40 yuan/ton. The mainstream prices of North China drawstrings were in the range of 6460 - 6570 yuan/ton, in East China 6500 - 6630 yuan/ton, and in South China 6500 - 6630 yuan/ton [5] Group 3: Market Review and Outlook - L2601 opened higher, fluctuated upward during the session, and closed higher at 6999 yuan/ton, up 85 yuan/ton (1.23%), with a trading volume of 250,000 lots and an open interest decrease of 18,375 lots to 531,489 lots. PP2601 closed at 6691 yuan/ton, up 84 yuan (1.27%), with an open interest decrease of 14,771 lots to 618,500 lots [4] - The slight increase in futures prices boosted the market atmosphere, and end - users made appropriate replenishments for production. There is an expected launch of a 400,000 - ton PP plant in Guangxi Petrochemical in the second half of the month. In the short term, maintenance of plants is still concentrated, the support from the "Silver October" demand is weakening, and high downstream costs, inventory, and limited profitability are suppressing the purchasing enthusiasm [4] - The operating rate of PE agricultural film is still at a high level, but the concentrated demand will decrease later, and the support from the demand side will weaken. The cost side rebounded strongly during the day, and the geopolitical situation and the results of China - US trade talks are uncertain, leading to wider oil price fluctuations [4] - The absolute prices of polyolefins are in a low - level range, and they rebounded slightly due to cost support. However, weak supply - demand and signals of open interest reduction are restricting the upward space [4] Group 4: Data Overview - The report includes figures such as L basis, PP basis, L - PP spread, crude oil futures main contract settlement price, two - oil inventory, and two - oil inventory year - on - year increase/decrease rate, with data sources including Wind and Zhuochuang Information [7][10][12]

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: October 23, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Industry Investment Rating - Not provided Core Viewpoints - In October, it is the traditional off - season, with limited capacity control and persistent supply pressure, causing the current spot freight rates to decline. However, shipping companies are raising prices for the second half of October and November to support prices for the year - end long - term contract season. The freight rates are likely to form a bottom - out and rebound trend, and the bottom of the freight rates for the year may have emerged. Also, due to the renewed conflict between Israel and Hamas, the Red Sea is unlikely to resume navigation this year, and there is an opportunity for the December contract to recover from over - decline [8] Summary by Directory 1. Market Review and Operation Suggestions - The current spot freight rates are falling due to the traditional off - season in October and limited capacity control. Shipping companies are raising prices for the second half of October and November. For example, Maersk's large container rates for the second half of October on the Shanghai - Rotterdam route reach up to $1911, and $2350 in the first week of November. Although the price increase may not fully materialize, the freight rates are likely to bottom out. The December contract has an over - decline recovery opportunity because of the Israel - Hamas conflict and the unlikelihood of Red Sea resumption this year [8] 2. Industry News - The China Export Container Shipping Market continued its rebound this week. In September, China's exports in US dollars increased by 8.3% year - on - year. On October 17, the Shanghai Export Containerized Freight Index rose by 12.9% from the previous period. For European routes, China's exports to the EU in September increased by 14.2% year - on - year, and the freight rate on October 17 rose by 7.2%. For Mediterranean routes, the market situation was similar to that of European routes, with the freight rate rising by 3.5%. For North American routes, China's exports to the US decreased by 27% in September, but the spot booking prices rebounded, with the freight rates to the US West and East rising by 31.9% and 16.4% respectively. There was a new conflict between Israel and Hamas, and the US warned that Hamas's attacks might violate the cease - fire agreement [9][10] 3. Data Overview 3.1 Container Shipping Spot Prices - From October 13 to October 20, 2025, the SCFIS for European routes increased from 1031.8 to 1140.38, a rise of 10.5%. The SCFIS for US West routes increased from 862.48 to 863.46, a rise of 0.1% [12] 3.2 Container Shipping Index (European Routes) Futures Market - Data on the trading of container shipping European routes futures contracts on October 22 are provided, including opening prices, closing prices, settlement prices, price changes, price change percentages, trading volumes, open interests, and changes in open interests for different contracts such as EC2510, EC2512, etc. [6] 3.3 Shipping - Related Data Charts - There are charts showing European container ship capacity, global container ship orders, Shanghai - European basic port freight rates, and Shanghai - Rotterdam spot freight rates [17][21]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - Geopolitical tensions are easing, and there are expectations of improved terminal demand for steel, leading to a price rebound. However, caution is needed as steel mill profits are still declining. The path to profit recovery will determine the price rebound rhythm. If it's through raw material price cuts, the negative feedback will be greater and the price increase will be more tortuous. If it's due to significantly improved terminal demand, the price increase will be smoother. Without trade conflict disruptions, the latter is more likely [9]. 3. Summary by Directory 3.1 Market Review and Outlook - **Futures Market**: On October 22, the main contracts of rebar and hot-rolled coil futures 2601 fluctuated upwards, reaching the highest closing price in the past 7 trading days. The rebar RB2601 closed at 3068 yuan/ton, up 0.59%; the hot-rolled coil HC2601 closed at 3247 yuan/ton, up 0.81% [5]. - **Spot Market**: On October 22, the prices of individual rebar and hot-rolled coil spot markets rebounded. The rebar prices in Hefei, Zhengzhou, and Nanning rose by 10 - 30 yuan/ton; the hot-rolled coil prices in Hangzhou, Guangzhou, and Wuxi rose by 10 - 20 yuan/ton, while the price in Shijiazhuang fell by 30 yuan/ton [7]. - **Technical Analysis**: The daily KDJ indicators of the rebar 2601 and hot-rolled coil 2601 contracts showed a divergent upward trend after a golden cross on October 20 and 21 respectively. The daily MACD green bars of both contracts have been significantly narrowing for 3 consecutive trading days [7]. - **Outlook**: Geopolitical tensions are easing, and there are expectations of improved terminal demand for steel. However, steel mill profits are still declining. The path to profit recovery will determine the price rebound rhythm [9]. 3.2 Industry News - **Company News**: Anyang Iron and Steel announced that its subsidiary, Henan Angang Zhoukou Iron and Steel Co., Ltd., plans to increase its registered capital by no more than 1 billion yuan through equity financing, and Anyang Iron and Steel intends to waive its pre - emptive right [10]. - **Coal Market**: Domestic thermal coal prices have risen sharply. As of October 17, 2025, the price of Qinhuangdao Port Q5500 thermal coal was 748 yuan/ton, up 43 yuan/ton week - on - week. The price increase in production areas was even greater. The winter heating season may start early, and the thermal coal consumption is expected to support coal prices. The target price of thermal coal for the year has been raised to 750 - 800 yuan/ton [10]. - **International Trade**: The EU Commission has made a positive anti - dumping final ruling on steel track shoes originating from China, with an anti - dumping tax of 62.5% [10]. - **Company Performance**: Brazil's Vale's iron ore production in Q3 reached 94.4 million tons, a year - on - year increase of 3.8%. It is expected to achieve its 2025 production target. The sales volume of iron ore pellets increased by 5.1% year - on - year, and the price of iron ore powder rose by 4.2% [11]. - **Coal Trade**: In August 2025, Australia's coal export value was 5.425 billion Australian dollars, a month - on - month increase of 1.35% but a year - on - year decrease of 26.53%. From January to August, the cumulative export value was 41.379 billion Australian dollars, a year - on - year decrease of 29.20%. From April to August this year, India's coal imports were 118 million tons, a 2.57% decrease compared to the same period last year [11][12]. 3.3 Data Overview - The report provides multiple data charts, including the social inventory of rebar and hot - rolled coil in major cities, the weekly output of five major steel products, the steel mill inventory of five major steel products, the blast furnace and electric furnace operating rates and capacity utilization rates, the national daily average pig iron output, the apparent consumption of five major steel products, and the basis between Shanghai rebar and hot - rolled coil spot and January contracts [16][20][23][27][29].

Group 1: Report Overview - Report Title: Pulp Daily Report [1] - Date: October 23, 2025 [2] - Research Team: Energy and Chemical Research Team [3] Group 2: Investment Rating - No investment rating is provided in the report. Group 3: Core Viewpoints - The pulp market has no significant fundamental changes, with a slight rebound boosted by the sector and mainly fluctuating in a wide range at a low level. The demand side of the pulp market has a gentle increase in volume, and the start of the traditional peak season is delayed [8]. Group 4: Market Review and Operation Suggestions Market Review - The previous settlement price of the pulp futures 01 contract was 5,154 yuan/ton, and the closing price was 5,220 yuan/ton, a total increase of 1.28%. The intended transaction price range of softwood pulp in the Shandong wood pulp market was 4,850 - 6,500 yuan/ton, with the price rising 10 yuan/ton compared to the previous trading day's closing price. The quotation of Shandong Yinxing was 5,600 yuan/ton [7]. - Arauco of Chile announced the new October FOB prices for wood pulp: the softwood pulp Yinxing was at $680/ton, a decrease of $20/ton from the previous month; the unbleached pulp Jinxing was at $590/ton, unchanged from the previous month; the hardwood pulp Mingxing was at $540/ton, also unchanged from the previous month [8]. - In September, the European wood pulp inventory was 722,300 tons, a month - on - month increase of 3% and a year - on - year increase of 16.1%; the European wood pulp consumption was 813,200 tons, a month - on - month increase of 16.3% and a year - on - year decrease of 1.6%. In September, China's total pulp imports were 2.95 million tons, a month - on - month increase of 11.3% and a year - on - year increase of 10.1%. As of October 16, 2025, the weekly pulp inventory in major regions and ports increased by 1.45% month - on - month, and the overall shipping speed was moderate [8]. Operation Suggestions - No operation suggestions are provided in the report. Group 5: Industry News - Eldorado Brasil Celulose will conduct a full - shutdown maintenance at its Tres Lagoas factory in Mato Grosso do Sul, Brazil, from October 20 to 31, 2025. The factory has an annual production capacity of approximately 1.8 million tons of bleached eucalyptus pulp, and 90% of its products are for export, with about half going to the Chinese market [9]. Group 6: Data Overview - The report presents multiple data charts, including import softwood pulp spot prices in Shandong, pulp futures prices, pulp futures - spot price differences, softwood - hardwood price differences, inter - delivery spread, warehouse receipt volume, domestic main port pulp inventory, European main port wood pulp inventory, prices and spreads of coated paper and offset paper, prices and spreads of white cardboard and whiteboard paper, and the US dollar - RMB exchange rate [15][17][19][21][27][29]

Group 1: Report Information - Report Name: Asphalt Daily Report [1] - Report Date: October 23, 2025 [2] Group 2: Investment Rating - No investment rating information provided Group 3: Core Views - The price of asphalt futures increased with the rebound of oil prices, and the previous strategy of going long on asphalt and short on crude oil was gradually stopped for profit. It is recommended to wait and see on a single - side position [6] - The overall rigid demand for asphalt is poor, the trading atmosphere in the spot market is light, the expected supply may decline, and the funds for small and medium - sized projects are still in a severe situation [6] Group 4: Summary by Directory 1. Market Review and Operation Suggestions - Futures Market: BU2601 opened at 3172 yuan/ton, closed at 3249 yuan/ton, with a maximum of 3249 yuan/ton, a minimum of 3157 yuan/ton, a daily increase of 2.95%, and a trading volume of 26.95 million lots. BU2512 opened at 3198 yuan/ton, closed at 3268 yuan/ton, with a maximum of 3268 yuan/ton, a minimum of 3192 yuan/ton, a daily increase of 2.51%, and a trading volume of 5.05 million lots [6] - Spot Market: The spot prices of asphalt in the Northeast, North China, and Shandong regions decreased, while those in other regions remained relatively stable. The rigid demand for asphalt was poor, and the trading atmosphere was light [6] - Supply: Liaohe Petrochemical plans to increase production, but the reduction of Jinling Petrochemical in East China and the non - resumption of asphalt production plans of some local refineries in Shandong and Henan are expected to lead to a decline in the asphalt operating rate this week [6] - Demand: The rainfall in the northern region has decreased, providing some support for rigid demand. However, the funds for small and medium - sized projects are still in a severe situation, and speculative demand is also relatively low [6] - Operation Suggestion: The previous strategy of going long on asphalt and short on crude oil was gradually stopped for profit. It is recommended to wait and see on a single - side position [6] 2. Industry News - South China Market: The mainstream transaction price of 70 A - grade asphalt was 3340 - 3550 yuan/ton, remaining stable. Although the supply of asphalt resources from Guangzhou Petrochemical and Maoming Petrochemical decreased, the social inventory of asphalt was still abundant, and some traders sold at low prices, making it difficult to push up the price [7] - East China Market: The mainstream intended price of 70 A - grade asphalt was 3410 - 3500 yuan/ton, remaining stable. The prices of futures and spot sources increased, and the price difference between social inventory and refinery truck transportation narrowed. However, the overall demand was average, and the procurement enthusiasm of industry players was weak, still putting pressure on the spot price [7] 3. Data Overview - The report provides multiple data charts, including South China asphalt spot price, Shandong asphalt basis, asphalt daily operating rate, Shandong asphalt comprehensive profit, asphalt cracking, asphalt social inventory, asphalt manufacturer inventory, and asphalt warehouse receipts, with data sources from Wind and the Research and Development Department of CCB Futures [14][16][18]

Group 1: Report Overview - Report Name: Soda Ash and Glass Daily Report [1] - Date: October 23, 2025 [2] - Research Team: Energy and Chemical Research Team [4] - Researcher: Feng Zeren (Soda Ash and Glass) [4] Group 2: Industry Investment Rating - No investment rating information provided in the report Group 3: Core Views - Soda ash market is in a weak pattern with supply exceeding demand, and the contract shows signs of bottoming out, expected to fluctuate weakly [8] - Glass market is in a weak balance of supply and demand, and the disk may test the bottom again, but excessive short - selling is not advisable, and attention should be paid to potential positive factors from policies and production lines [9] Group 4: Summary by Directory 1. Soda Ash and Glass Market Review and Operation Suggestions - **Soda Ash Market** - On October 22, the main futures contract SA601 of soda ash fluctuated and rebounded, with a closing price of 1,223 yuan/ton, a rise of 16 yuan/ton, and a daily decline of 924 lots [7] - Fundamentally, supply decreased, inventory increased slightly, and the overall weak pattern remained unchanged. Weekly production decreased by 30,300 tons to 740,500 tons, and enterprise inventory rose to 1.705 million tons [8] - The market supply - demand imbalance has not been effectively improved, and it is expected to fluctuate weakly [8] - **Glass Market** - Fundamentally, the production of float glass remained stable, and the photovoltaic glass was in a weak balance. The overall glass supply was at a high level within the year, and the inventory was at a high level after the festival [9] - The real - estate market has not shown a stabilizing trend, and the demand for float glass may not continue to rise. The disk may test the bottom again, but excessive short - selling is not advisable [9] 2. Data Overview - The report provides data on the price trends of active contracts for soda ash and glass, as well as data on soda ash weekly production, enterprise inventory, central China heavy soda market price, and flat glass production [11][17][18] - Data sources include Wind and iFind, and the research and development department of Jianxin Futures [12][16][20]