纯碱、玻璃日报-20250708

Group 1: Industry Investment Rating - No information provided Group 2: Core Viewpoints - The overall situation of soda ash is oversupplied, with supply and demand both declining and inventory accumulating, so it is bearish in the current situation of supply - demand contradiction [8] - The supply of float glass is increasing, inventory pressure is rising, and the downstream real - estate situation has not improved. It is expected to fluctuate weakly, and attention should be paid to the implementation of industry production - restriction policies [9][10] Group 3: Summary by Directory 1. Soda Ash and Glass Market Review and Operation Suggestions - Soda Ash Market Data: On July 7, the main soda ash futures SA509 closed at 1168 yuan/ton, down 16 yuan/ton with a decline of 1.35%, and the daily position increased by 100,920 lots. As of July 3, the weekly output was 709,000 tons, a 1.09% decline; the capacity utilization rate was 81.32%, a 0.89% decline; the enterprise shipment volume was 666,400 tons, a 1.50% decline; and the total enterprise inventory was 1.8095 million tons, a 2.41% increase [7][8] - Glass Market Data: Shandong Jinjing Technology Co., Ltd.'s Zibo No. 5 line with a design capacity of 600 tons/day was restarted and ignited, increasing the supply of float glass. The mid - stream inventory is at a high level, and the real - estate completion link has not improved [9] 2. Data Overview - The report provides charts of soda ash and glass active contract price trends, soda ash weekly output, soda ash enterprise inventory, central China heavy soda market price, and flat glass output, with data sources including Wind and Zhuochuang Information [12][13][17]