【玻璃和纯碱现货行情】 玻璃：沙河大板成交均价1050元/吨上下。 【供需】 截至2025年11月13日，全国浮法玻璃日产量为15.91万吨，与6日持平。本周（20251107-1113）全国浮法 玻璃产量111.39万吨，环比-1.08%，同比+0.76%。 截止到20251113，全国浮法玻璃样本企业总库存6324.7万重箱，环比+11.1万重箱，环比+0.18%，同比 +33.61%。折库存天数27.5天，较上期+0.4天。 【分析】 玻璃：湖北地区部分产线停产信息引发市场情绪，带动盘面反弹，市场对于后市湖北地区进一步去产能 有一定预期。盘面反弹带动现货走货转好，中下游采买，继续关注持续性表现。虽然近期有产线陆续冷 修，但后续沙河地区还将有产线复产点火预期，涉及日产能约3650吨，届时或还将对供应端形成压力。 11月仍处于年底赶工旺季，短期仍有一定的刚需支撑。不过，中长期来看，旺季尾端，市场对于后市的 需求持续性存有担忧，北方随着气温降低室外施工将陆续停止，12月以后需求端收缩玻璃价格还将承 压。地产仍处于底部周期，竣工缩量明显，因此过剩格局下最终玻璃行业仍需要产能出清来解决过剩困 境。后期北方室外施工 ...

Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Core View of the Report - The report suggests paying attention to the 15 reverse spread opportunity in the urea market. The current domestic supply - demand situation of urea remains weak, but there are positive expectations after the parade and due to the Indian tender. The second - batch of urea exports will support the demand side, and there may be a phased rebound. However, the agricultural demand is weakening, and the fundamentals will continue to face pressure in the second half of the year. The 01 contract of urea is expected to fluctuate between 1650 and 1850 [2][5]. Summary by Relevant Catalogs Supply - Some enterprises such as Shaanxi Aowei Qianyuan Chemical, Henan Jinkai Chemical, and Hulunbuir Jinxin Chemical carried out maintenance this period. Enterprises that resumed production include Shaanxi Shanhua Coal Chemical, Henan Jinkai Chemical, and Jingyuan Coal Industry Group. The daily urea output next week will be around 200,000 tons [4]. Inventory - As of August 27, 2025, the inventory of Chinese urea production enterprises was 1085,800 tons, an increase of 61,900 tons from last week, a 6.05% increase month - on - month. The total inventory at Chinese ports was 600,000 tons, an increase of 99,000 tons month - on - month, a 19.76% increase [4]. Demand - Domestic demand remains weak. The agricultural top - dressing demand in the northern region has basically ended. The compound fertilizer industry has a large sales pressure on finished products recently, with a low operating rate, limited demand for urea raw materials, and low acceptance of high - priced urea supplies [4]. Spot - On Sunday this week, the price in Shandong was 1660 (01 basis - 86), and in Henan was 1670 (01 basis - 76) [5]. Strategy - The short - term supply - demand weakness persists, but there are positive expectations. Pay attention to the 15 reverse spread opportunity during the Indian tender on September 2. In the medium term, the second - batch of exports will support demand, and there may be a phased rebound. However, the agricultural demand is weakening, and the 01 contract is expected to fluctuate between 1650 and 1850 [5].