玻璃、纯碱日报：日内震荡走强-20260309

1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints of the Report - The core contradiction of glass lies in the game between "supply contraction expectation" (cold repair + policy) and "weak real - demand" (real - estate downturn), with high inventory being the biggest pressure on the market rebound. The demand expectation for glass remains weak in the medium - term. In the short - term, the price is expected to maintain a volatile and strong trend, and a low - buying strategy is advisable [2]. - The core contradiction of soda ash is the continuous inventory accumulation caused by strong supply and weak demand, and the pattern of supply - demand mismatch in the industry has not improved. In the short - term, it maintains a volatile and strong trend, and a low - buying strategy is advisable. Whether it can continue to open up space in the medium - term depends on policy news from the Two Sessions and whether the high inventory can be continuously reduced [3]. 3. Summary According to the Glass and Soda Ash Sections Glass - Market Performance: The main glass contract opened higher and moved higher, with a volatile and strong intraday performance. The 120 - minute Bollinger Band opened, signaling a short - term volatile and strong trend. The pressure is near the previous high, and the support is near the intraday gap. The trading volume increased by 1.838 million lots compared with the previous day, and the open interest decreased by 91,314 lots. The intraday high was 1163, the low was 1090, and the closing price was 1104, up 34 yuan/ton or 3.18% compared with the previous day's settlement price [1]. - Inventory Situation: The total inventory of national float glass sample enterprises was 79.637 million heavy boxes, a month - on - month increase of 3.629 million heavy boxes or 4.77%, and a year - on - year increase of 14.51%. The inventory days were 35.3 days, an increase of 1.5 days from the previous period. The inventory in each region increased comprehensively, and the total inventory was approaching a 3 - year high [1]. Soda Ash - Market Performance: The main soda ash contract opened higher and moved higher, with a volatile and strong intraday performance. The 120 - minute Bollinger Band opened like a horn, signaling a short - term continuation of the volatile and strong trend. The pressure is near the previous high, and the intraday support is near the day's low. The trading volume increased by 1.854 million lots compared with the previous day, and the open interest decreased by 58,855 lots. The intraday high was 1330, the low was 1245, and the closing price was 1276, up 45 yuan/ton or 3.66% compared with the previous day's settlement price [3]. - Inventory Situation: The total inventory of domestic soda ash manufacturers was 1.9227 million tons, a decrease of 24,500 tons or 1.26% compared with last Thursday. Among them, light soda ash was 1.016 million tons, a month - on - month decrease of 11,300 tons, and heavy soda ash was 0.9067 million tons, a month - on - month decrease of 13,200 tons [3].