玻璃纯碱早报-20250821

Group 1: Report Overview - The report is a morning report on glass and soda ash by the Energy and Chemicals Team of the Research Center, dated August 21, 2025 [2] Group 2: Glass Market Price Changes - From August 13 to August 20, 2025, the price of 5mm large - plate glass in different regions showed various changes. For example, the price of 5mm large - plate glass from Shahe Anquan increased from 1160.0 to 1164.0, while that from Shahe Great Wall decreased from 1147.0 to 1130.0 [2] - Among the futures contracts, FG09 decreased from 1061.0 to 997.0, and FG01 decreased from 1214.0 to 1162.0 [2] Basis and Spread - The FG 9 - 1 spread changed from - 153.0 to - 165.0, and the 09 Hebei basis changed from 82.0 to - 32.0 [2] Profitability - The North China coal - fired profit decreased from 237.0 to 228.5, and the 09FG盘面 natural gas profit decreased from - 312.2 to - 362.1 [2] Production and Sales - The production - sales ratio in Shahe was 85, in Hubei was 121, in East China was 92, and in South China was 96 [2] Group 3: Soda Ash Market Price Changes - From August 13 to August 20, 2025, the price of heavy soda ash in different regions also had different trends. For example, the price of Shahe heavy soda ash decreased from 1260.0 to 1210.0, while the price of South China heavy soda ash remained at 1450.0 [2] - Among the futures contracts, SA05 decreased from 1437.0 to 1364.0, SA01 decreased from 1383.0 to 1309.0, and SA09 decreased from 1276.0 to 1209.0 [2] Basis and Spread - The SA09 Shahe basis changed from - 16.0 to 1.0, and the SA month - difference 09 - 01 changed from - 107.0 to - 100.0 [2] Profitability - The North China ammonia - soda profit decreased from - 119.7 to - 166.7, and the North China combined - soda profit decreased from - 171.3 to - 167.9 [2] Spot Market - The spot price of heavy soda ash at the Hebei delivery warehouse was around 1180, and the price delivered to Shahe was around 1210 [2]