Group 1: Report Information - The report is a daily report on the soda ash and glass industries dated November 12, 2025 [1][2] Group 2: Industry Investment Rating - No information provided Group 3: Core Views - The soda ash market is expected to maintain a volatile trend in the short - term, with a long - term supply - exceeding - demand pattern likely to continue due to weakening demand from the glass industry and sufficient supply [8] - The glass market is currently in a state of high supply and weak demand. The short - term price is mainly volatile, and the medium - term market is likely to trend downward if there is no new market stimulus [9] Group 4: Summary by Directory 1. Soda Ash and Glass Market Review and Operation Suggestions - Soda Ash Futures Data: On November 11, for the SA601 contract, the opening price was 1225 yuan/ton, the highest was 1238 yuan/ton, the lowest was 1209 yuan/ton, the closing price was 1215 yuan/ton, up 4 yuan/ton or 0.33%, with a position reduction of 31,964 lots. For the SA605 contract, the opening price was 1300 yuan/ton, the highest was 1309 yuan/ton, the lowest was 1285 yuan/ton, the closing price was 1292 yuan/ton, down 1 yuan/ton or 0.07%, with a position increase of 6944 lots [7] - Soda Ash Market Analysis: The weekly production of soda ash decreased 1.41% to 746,900 tons. The total shipment volume of Chinese soda ash enterprises at the beginning of November decreased 3.14% to 733,900 tons. The inventory of soda ash plants slightly increased to 1,714,200 tons. The short - term price rebound was affected by the increase in light soda ash price and equipment maintenance, while the long - term supply - demand relationship is weak [8] - Glass Futures Data: On November 11, for the FG601 contract, the opening price was 1066 yuan/ton, the highest was 1071 yuan/ton, the lowest was 1051 yuan/ton, the closing price was 1053 yuan/ton, down 20 yuan/ton or 1.86%, with a position increase of 83,472 lots. For the FG605 contract, the opening price was 1203 yuan/ton, the highest was 1206 yuan/ton, the lowest was 1182 yuan/ton, the closing price was 1184 yuan/ton, down 23 yuan/ton or 1.90%, with a position increase of 17,297 lots [7] - Glass Market Analysis: Four coal - fired production lines in Shahe were shut down in the short - term. The glass industry is at a high supply level this year. The inventory after the festival remains high, and the demand recovery is weak. The short - term price is volatile, and the medium - term may trend downward [9] 2. Data Overview - The report provides data on the price trends of active contracts for soda ash and glass, weekly production and enterprise inventory of soda ash, market price of heavy soda ash in Central China, and flat glass production, with data sources including Wind and iFind [13][14][15]
纯碱、玻璃日报-20251112
Jian Xin Qi Huo·2025-11-12 07:04