纯碱、玻璃日报-20251105

Report Overview - The report is a daily report on soda ash and glass, dated November 5, 2025 [1][2] Industry Investment Rating - Not provided Core Viewpoints - Soda ash is expected to fluctuate weakly, with supply stable, inventory slightly decreasing, and potential demand changes due to production line shutdowns. Glass is in a game between "strong expectation" and "weak reality", with short - term price fluctuations and medium - term direction determined by fundamentals [8][9] Section Summaries 1. Soda Ash and Glass Market Review and Operation Suggestions - Soda Ash Futures Data: On November 4, SA601 opened low and closed at 1189 yuan/ton, down 21 yuan/ton (-1.73%), with 40,018 additional positions. SA605 closed at 1280 yuan/ton, down 20 yuan/ton (-1.53%) [7][8] - Soda Ash Fundamentals: Weekly production increased by 1.70 tons to 75.76 tons. Demand at the end of October showed an increase of 2.53%. Alkali plant inventory slightly decreased to 170.20 tons. Four coal - fired glass production lines in Shahe may affect demand, and the market may face oversupply in winter [8] - Glass Futures Data: FG601 closed at 1105 yuan/ton, up 2 yuan/ton (0.18%), with 105,499 fewer positions. FG605 closed at 1239 yuan/ton, down 7 yuan/ton (-0.56%) [7] - Glass Fundamentals: Four coal - fired production lines in Shahe will shut down. Glass supply is at a high level. Factory inventory is high, and real - estate demand is weak. The market is in a game between expectation and reality, with short - term price fluctuations [9] 2. Data Overview - The report provides data on soda ash and glass, including active contract price trends, weekly production, and enterprise inventory, with data sources from Wind, iFind, and the research and development department of CCB Futures [12][15]