玻璃纯碱早报-20251222

1. Report Industry Investment Rating - No relevant content provided. 2. Core Viewpoints - The report presents the latest price, profit, and inventory data of glass and soda ash, as well as the market conditions of the two industries, including production and sales, upstream inventory, and new product output [2]. 3. Section Summaries Glass - Price: The prices of 5mm glass in various regions remained mostly stable from December 12 - 19, 2025. For example, the price of 5mm glass at Shahe Anquan was 984, with no weekly or daily change. FG05 contract price increased by 25 from December 12 - 18 and then decreased by 21 on December 19 [2]. - Profit: The profit of North China coal - fired glass increased by 0.8 weekly and 5.0 daily on December 19, 2025, while the profit of North China natural gas glass decreased by 14.3 weekly and increased by 2.1 daily. The 05FG and 01FG natural gas profits on the market also changed [2]. - Production and Sales: Shahe's glass production - sales ratio was 82, Hubei's was 100, East China's was 92, and South China's was 100. Shahe factory's production and sales were weak, and the low - price of Shahe traders was around 959, with general shipments. In Hubei, the transaction in the province weakened [2]. Soda Ash - Price: The prices of heavy soda ash in different regions had changes from December 12 - 19, 2025. For example, Shahe heavy soda ash price increased by 30 weekly and decreased by 10 daily on December 19. SA05 contract price increased by 50 weekly and decreased by 17 daily [2]. - Profit: The profit of North China ammonia - soda method increased by 57.7 weekly and decreased by 4.9 daily on December 19, 2025, and the profit of North China combined - soda method increased by 81.0 weekly and decreased by 4.2 daily [2]. - Industry Situation: The upstream inventory of soda ash was accumulating, and the second - phase of Yuanxing produced qualified products [2].