玻璃纯碱早报-20251202

Report Overview - The report is a morning report on glass and soda ash, issued on December 2, 2025, by the Energy and Chemicals Team of the Research Center [1] Glass Section Price and Contract Information - For 5mm glass plates, prices in different regions showed various trends from November 24 to December 1. For example, the price of Shahe Anquan 5mm large plate increased from 1044.0 to 1061.0, with a weekly change of 17.0 and no daily change on December 1. FG05 contract price was 1161.0 on December 1, with a weekly change of 3.0 and a daily change of -9.0 [1] Profit and Cost - North China coal - fired glass profit increased from 73.3 to 128.8, with a weekly change of 55.5 and a daily change of 16.1. North China coal - fired cost decreased from 936.7 to 924.2, with a weekly change of -12.5 and a daily change of -7.1. South China natural gas glass profit remained at -188.1, while North China natural gas glass profit improved from -331.5 to -285.4, with a weekly change of 46.2 and a daily change of 13.2 [1] Market Conditions - Shahe factory's glass sales slightly weakened. The low - price of Shahe traders' glass was around 1053, with average sales, and poor futures - spot sales. In Hubei, the factory price was around 1030, with fair transactions. The sales rates were 97 in Shahe, 112 in Hubei, 96 in East China, and 112 in South China [1] Soda Ash Section Price and Contract Information - Soda ash prices in different regions also had different trends. For example, Shahe heavy soda ash price was 1150.0 on December 1, with no weekly change and a daily change of -10.0. SA05 contract price was 1243.0 on December 1, with a weekly change of -6.0 and a daily change of 8.0 [1] Profit and Cost - North China ammonia - soda process profit decreased from -297.0 to -311.9, with a weekly change of 1.5 and a daily change of -14.9. North China combined - soda process profit decreased from -448.5 to -464.3, with a weekly change of -19.2 and a daily change of -15.8 [1] Market Conditions - The spot price of heavy soda ash at the Hebei delivery warehouse was around 1130, and the delivered price to Shahe was around 1150. The inventory of the mid - and upstream of the soda ash industry continued to decline [1]