玻璃纯碱早报-20250604

Report Industry Investment Rating - Not provided Core Viewpoints - The glass market shows different trends in prices and profits in various regions, with some prices declining and profit margins narrowing. The soda ash market also experiences price changes, and there is a significant reduction in factory inventories [1]. Summary by Related Catalogs Glass - Price Changes: From May 27 to June 3, 2025, prices of most 5mm glass products in different regions decreased. For example, the price of Shahe Anquan 5mm large - board dropped from 1147.0 to 1121.0, a decrease of 26.0; Shahe Great Wall 5mm large - board decreased from 1126.0 to 1096.0, a decrease of 30.0 [1]. - Contract Price Changes: FG09 contract price decreased from 1031.0 to 954.0, a decrease of 77.0; FG01 contract price decreased from 1084.0 to 1014.0, a decrease of 70.0 [1]. - Profit Changes: North China coal - fired profit decreased from 243.3 to 221.6, a decrease of 21.7; North China natural gas profit decreased from - 241.7 to - 263.4, a decrease of 21.7 [1]. - Spot and Sales: Shahe traders' price is around 1105, with average trading volume; Hubei's factory low - price is around 1010, with acceptable trading volume. Sales rates in Shahe, Hubei, East China, and South China are 79, 138, 98, and 112 respectively [1]. Soda Ash - Price Changes: From May 27 to June 3, 2025, the price of Shahe heavy soda decreased from 1260.0 to 1240.0, a decrease of 20.0; Central China heavy soda decreased from 1240.0 to 1200.0, a decrease of 40.0 [1]. - Contract Price Changes: SA05 contract price decreased from 1268.0 to 1221.0, a decrease of 47.0; SA01 contract price decreased from 1212.0 to 1175.0, a decrease of 37.0 [1]. - Profit Changes: North China ammonia - soda profit decreased from - 87.6 to - 117.0, a decrease of 29.4; North China combined - soda profit decreased from 39.7 to - 1.2, a decrease of 40.8 [1]. - Spot and Inventory: The spot price of heavy soda in Hebei delivery warehouses is around 1210, and in Shahe warehouses is around 1230. Factory inventories have significantly decreased, and delivery inventories have slightly decreased [1].