纯碱、玻璃日报-20250815

Group 1: Report Overview - Report Name: Soda Ash and Glass Daily Report [1] - Date: August 14, 2024 [2] Group 2: Industry Investment Rating - Not provided Group 3: Core Viewpoints - Soda ash supply is in excess and inventory is accumulating, with weak demand. The futures price is expected to fluctuate weakly. Attention should be paid to macro - changes and capacity elimination policies [8]. - Glass futures' main contract is expected to decline first and then oscillate upward. Mid - term inventory restricts price rebound in the short term, while policies are expected to benefit demand in the long - term [9]. Group 4: Summary by Directory 1. Soda Ash and Glass Market Review and Operation Suggestions Soda Ash - On August 14, the main futures SA601 contract fluctuated weakly, closing at 1400 yuan/ton, down 5 yuan/ton with a 0.35% decline and an increase of 64,318 lots in positions [8]. - Recently, maintenance volume is small, loss volume is down, and production has reached a high level. Weekly production increased to 761,300 tons, a 2.24% week - on - week increase. Factory inventory rose to 1.8938 million tons, a 1.54% week - on - week increase. Terminal demand for photovoltaic glass daily melting volume dropped to 87,000 tons, and float glass daily melting volume remained unchanged [8]. Glass - As of August 8, 2025, the national float glass daily melting volume was 159,600 tons, with a capacity utilization rate of 79.78%, a new high this year. If the price falls below 1100 yuan/ton, the cold - repair scale may expand [9]. - The order days of national deep - processing sample enterprises were 9.55 days, a 1.55% year - on - year decrease. The increase in enterprise inventory days was higher than that of orders. The total glass inventory was about 59.499 million heavy boxes, a 3.87% week - on - week decrease, and the inventory days were 25.5 days, with a slowdown in inventory removal [9]. 2. Data Overview - The report provides figures on soda ash and glass active contract price trends, soda ash weekly production, soda ash enterprise inventory, central China heavy soda market price, and flat glass production [11][14][18]