玻璃纯碱早报-20251105

Report Industry Investment Rating - Not provided Core Viewpoints - Not provided Summary by Related Catalogs Glass - Price Changes: From October 28, 2025, to November 4, 2025, the prices of 5mm glass in various regions showed different trends. For example, the price of 5mm glass from Shahe Anquan increased from 1113.0 to 1121.0 and then remained stable, with a weekly increase of 8.0 [1]. - Contract Price Changes: The FG05 contract price decreased from 1263.0 to 1239.0, a weekly decrease of 24.0; the FG01 contract price decreased from 1113.0 to 1105.0, a weekly decrease of 8.0 [1]. - Profit Changes: The profit of North China coal - fired glass increased from 182.9 to 196.0, a weekly increase of 13.0; the profit of North China natural - gas glass increased from - 244.9 to - 225.4, a weekly increase of 19.5 [1]. - Spot and Sales: Shahe factory's glass sales have recently improved, with Shahe traders' low - price products around 1113 and good shipments. In Hubei, the factory price is around 1040, and factory transactions are good. The mid - stream spot - futures trading in Hubei is at par, with fair transactions. The glass sales rates in Shahe, Hubei, East China, and South China are 165, 138, 112, and 110 respectively [1]. 纯碱 (Soda Ash) - Price Changes: From October 28, 2025, to November 4, 2025, the prices of heavy soda ash in various regions showed different trends. For example, the price of heavy soda ash in Shahe decreased from 1190.0 to 1140.0, a weekly decrease of 50.0 [1]. - Contract Price Changes: The SA05 contract price decreased from 1331.0 to 1280.0, a weekly decrease of 51.0; the SA01 contract price decreased from 1239.0 to 1189.0, a weekly decrease of 50.0 [1]. - Profit Changes: The profit of North China ammonia - soda process decreased from - 236.7 to - 298.2, a weekly decrease of 61.4; the profit of North China combined - soda process decreased from - 252.1 to - 311.5, a weekly decrease of 59.4 [1]. - Spot and Industry: The spot price of heavy soda ash at the Hebei delivery warehouse is around 1110, and the price delivered to Shahe is around 1140. The upstream inventory of the soda ash industry has slightly decreased [1].