玻璃纯碱早报-20251015

Report Industry Investment Rating - Not provided Core Viewpoints - Not provided Glass Summary Price and Spread - From Oct 9 to Oct 14, prices of various 5mm glass products in different regions decreased, e.g., the price of 5mm large - plate glass from Shahe Anquan dropped from 1241.0 to 1181.0, a weekly decrease of 60.0 and a daily decrease of 17.0 [2]. - FG01 and FG05 contract prices also declined during the same period, with FG01 dropping from 1218.0 to 1138.0 (weekly - 80.0, daily - 41.0) and FG05 from 1338.0 to 1280.0 (weekly - 58.0, daily - 33.0) [2]. - The FG 1 - 5 spread widened from - 120.0 to - 142.0, a weekly change of - 22.0 and a daily change of - 8.0 [2]. Profit and Basis - Profits of different production methods and regions varied. For example, North China coal - fired profit decreased from 302.3 to 265.1 (weekly - 37.2, daily - 7.0), and 01FG盘面 natural gas profit dropped from - 149.8 to - 226.4 (weekly - 76.6, daily - 38.3) [2]. - The 01 Hebei basis changed from - 24.0 to 26.0 (weekly 50.0, daily 32.0), and the 01 Hubei basis changed from - 68.0 to - 28.0 (weekly 40.0, daily 1.0) [2]. Production and Sales - Shahe factory glass production and sales were weak, but the sales of Shahe traders at low - price levels (around 1173) improved slightly. In Hubei, factory transactions weakened [2]. - The production - sales ratios were 43 in Shahe, 62 in Hubei, 95 in East China, and 86 in South China [2]. Soda Ash Summary Price and Spread - From Oct 9 to Oct 14, the prices of heavy and light soda ash in different regions showed mixed trends. For example, the price of heavy soda ash in Shahe decreased from 1170.0 to 1180.0 (weekly - 10.0, daily - 20.0), while that in Central China increased from 1160.0 to 1190.0 (weekly 10.0, daily - 20.0) [2]. - SA01, SA05, and SA09 contract prices all declined, with SA01 dropping from 1250.0 to 1234.0 (weekly - 16.0, daily - 13.0), SA05 from 1344.0 to 1321.0 (weekly - 23.0, daily - 15.0), and SA09 from 1409.0 to 1389.0 (weekly - 20.0, daily - 17.0) [2]. - The SA01 - SA05 spread changed from - 94.0 to - 87.0, a weekly change of 7.0 and a daily change of 2.0 [2]. Profit and Basis - Profits of different production methods in North China decreased. North China ammonia - soda profit decreased from - 207.6 to - 220.9 (weekly - 13.4, daily - 23.8), and North China combined - soda profit decreased from - 231.4 to - 242.3 (weekly - 11.0, daily - 23.1) [2]. - The SA01 Shahe basis changed from - 80.0 to - 74.0 (weekly 6.0, daily - 7.0) [2]. Industry Situation - The spot price of heavy soda ash at Hebei delivery warehouses was around 1140, and the price delivered to Shahe was around 1170 [2]. - Factory inventories of soda ash were accumulating [2].