纯碱、玻璃日报-20250822

Report Information - Report Title: Soda Ash and Glass Daily Report [1] - Report Date: August 22, 2024 [2] - Research Team: Energy and Chemical Research Team [4] - Industry: Soda Ash and Glass Report Key Points Industry Investment Rating - No industry investment rating information is provided in the report. Core Viewpoints - Soda ash supply exceeds demand, with high inventory and weak demand. The market pattern of oversupply is difficult to improve, and the futures price is expected to fluctuate weakly [8]. - The glass industry is in a weak supply - demand balance. Although the downstream demand has improved marginally, the inventory increase restricts price rebound. The futures price is expected to have a short - term weak - oscillating trend [9][10]. Summary by Directory 1. Soda Ash and Glass Market Review and Operation Suggestions - Market Data: On August 21, for soda ash futures, SA509 closed at 1208 yuan/ton, down 0.98%; SA601 closed at 1306 yuan/ton, down 1.06%. For glass futures, FG509 closed at 983 yuan/ton, down 2.09%; FG601 closed at 1156 yuan/ton, down 0.85% [7]. - Soda Ash Market: The production increased to 77.14 tons, up 1.32% week - on - week. Factory inventory reached 191.08 tons, up 0.71%. Terminal demand in photovoltaic glass decreased to 8.7 tons, and the overall demand was average. The supply - strong and demand - weak pattern remained unchanged, and the price was expected to fluctuate weakly [8]. - Glass Market: Since late July, downstream orders increased marginally. As of August 15, 2025, the daily melting volume was 15.96 tons, and the capacity utilization rate was 79.78%. The order days of deep - processing enterprises were 9.65 days, up 0.1 days. The inventory increased by 157.9 million heavy cases to 6342.6 million heavy cases. The price was expected to have a short - term weak - oscillating trend [9]. 2. Data Overview - The report provides figures on the price trends of active contracts for soda ash and glass, soda ash weekly production, soda ash enterprise inventory, central China heavy soda market price, and flat glass production [12][17][20]