纯碱、玻璃期货品种周报-20250908

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - The soda ash futures market is in a volatile phase with a supply - demand imbalance. The market is expected to remain weak in the short term, and it is advisable to wait and see [6][9]. - The glass futures market is also in a volatile trend. High inventory and slow demand recovery restrict market improvement, and it is recommended to stay on the sidelines [29][32]. 3. Summary by Directory Soda Ash Futures - Mid - line Market Analysis - The soda ash futures are in a volatile stage. The domestic soda ash market was weak last week, with prices under pressure. Supply increased slightly while demand remained weak. Inventory was high and de - stocking was slow. The market is expected to continue its weak trend in the short term, and it is recommended to wait and see [6]. - Variety Trading Strategy - Last week, the soda ash market was weak. The futures first rose and then fell. This week, the market is still expected to be under pressure. The operating range of Soda Ash 2601 is expected to be 1200 - 1350, and it is advisable to wait and see [9]. - Related Data Situation - Data includes weekly开工率,产量,轻质库存,重质库存,基差, and ammonia - alkali production cost in North China. The variety diagnosis shows that the main force is relatively bearish, the capital is basically stable, and the risk of a market reversal is high [10][15][20]. Glass Futures - Mid - line Market Analysis - The glass market is in a volatile trend. The domestic float glass market was stable last week with some local price increases lacking momentum. High inventory and slow demand recovery restricted the market. The supply increased slightly, and inventory accumulated. The futures market is expected to continue its weak volatility, and it is recommended to stay on the sidelines [29]. - Variety Trading Strategy - Last week, the float glass spot market was stable with some local small increases. The futures first rose and then fell. This week, the market is expected to continue its weak volatility. The expected operating range of Glass 2601 is 1150 - 1300, and it is advisable to stay on the sidelines [32][33]. - Related Data Situation - Data includes weekly产量,开工率, production cost, production gross profit,基差, and期末库存. The variety diagnosis shows that the main force is strongly bullish, the capital outflow is significant, and the risk of a market reversal is high [35][38][43].