玻璃纯碱早报-20251225

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Glass Summary Price and Contract Changes - From Dec 17 to Dec 24, the price of 5mm glass in Shahe Security decreased from 984.0 to 976.0, a weekly change of -8.0 and a daily change of 0.0; FG05 contract price increased from 1038.0 to 1048.0, a weekly change of 10.0 and a daily change of 20.0 [2] - The price of 5mm glass in Shahe Great Wall decreased from 976.0 to 959.0, a weekly change of -17.0 and a daily change of 0.0; FG01 contract price decreased from 944.0 to 941.0, a weekly change of -3.0 and a daily change of 3.0 [2] Profit and Basis - North China coal - fired glass profit was 73.6 on Dec 24, with a weekly change of 6.4 and a daily change of -4.7; North China coal - fired cost was 876.4, with a weekly change of -15.4 and a daily change of -4.3 [2] - 01 Hebei basis was 9.0 on Dec 24, with a weekly change of -6.0 and a daily change of -12.0; 01 Hubei basis was 49.0, with a weekly change of 3.0 and a daily change of -3.0 [2] Sales and Market Conditions - Shahe glass factory sales were weak, with traders' low - price at around 950 and average shipments; Hubei factory glass price was around 990, with weakening transactions [2] - Glass sales rates were 90 in Shahe, 72 in Hubei, 109 in East China, and 112 in South China [2] 纯碱 Summary Price and Contract Changes - From Dec 17 to Dec 24, the price of Shahe heavy soda ash remained at 1140.0, with a weekly change of 0.0 and a daily change of 0.0; SA05 contract price increased from 1170.0 to 1184.0, a weekly change of 14.0 and a daily change of 9.0 [2] - The price of Central China heavy soda ash decreased from 1130.0 to 1120.0, a weekly change of -10.0 and a daily change of -10.0; SA01 contract price decreased from 1127.0 to 1117.0, a weekly change of -10.0 and a daily change of 0.0 [2] Profit and Basis - North China ammonia - soda process profit was -230.1 on Dec 24, with a weekly change of 14.5 and a daily change of -6.2; North China combined - soda process profit was -321.2, with a weekly change of 36.0 and a daily change of -5.5 [2] - SA01 Shahe basis was 23.0 on Dec 24, with a weekly change of 10.0 and a daily change of 0.0 [2] Industry Conditions - Upstream soda ash inventory accumulated, while mid - stream inventory decreased; Yuanxing's first - phase production capacity increased to 17,000 tons per day, and the second - phase produced qualified products [2]