Group 1: Report Overview - Report Title: Glass and Soda Ash Morning Report [2] - Report Date: January 12, 2026 [3] - Research Team: Research Center Energy and Chemicals Team [3] Group 2: Glass Market Price and Spread - From December 31, 2025, to January 9, 2026, the prices of 5mm glass in major regions such as Shahe and Hubei showed an upward trend, with weekly increases ranging from 20.0 to 43.0. For example, the price of Shahe 5mm low - price glass rose from 950.0 to 993.0 [3]. - FG05 and FG09 contracts also increased during the same period, with FG05 rising from 1087.0 to 1144.0 and FG09 from 1191.0 to 1238.0. The FG 5 - 9 spread changed from - 104.0 to - 94.0, with a weekly increase of 10.0 [3]. - The basis of 05 contracts in Hebei and Hubei regions had different changes, with the 05 Hebei basis changing from - 137.0 to - 151.0 and the 05 Hubei basis from - 117.0 to - 154.0 [3]. Production and Sales - Shahe factory's glass production and sales rate was high, with middle - stream players actively purchasing. However, Shahe traders' sales were average, and the sales of futures - spot glass were poor. In Hubei, the factory increased prices, and the transaction was good [3]. - The production - sales rates in different regions were as follows: Shahe 151, Hubei 149, East China 93, and South China 110 [3]. Profit - The profits of glass production in North China and South China using natural gas had different trends. For example, the North China coal - fired profit increased from 72.9 to 101.7, and the North China natural gas profit increased from - 388.4 to - 351.7 [3]. Group 3: Soda Ash Market Price and Spread - From December 31, 2025, to January 9, 2026, the prices of heavy and light soda ash in major regions showed different trends. For example, the price of Shahe heavy soda ash increased from 1140.0 to 1190.0, and the price of North China light soda ash increased from 1130.0 to 1150.0 [3]. - SA05, SA01, and SA09 contracts all increased, with SA05 rising from 1209.0 to 1228.0, SA01 from 1107.0 to 1141.0, and SA09 from 1274.0 to 1295.0. The SA01 - 05 spread changed from - 102.0 to - 87.0 [3]. - The basis of SA01 in Shahe increased from 33.0 to 49.0 [3]. Industry Situation - The upstream inventory of the soda ash industry increased significantly, while the middle - stream inventory decreased slightly. The output of Yuanxing's second - phase project increased [3]. Profit - The profits of North China ammonia - soda and North China combined - soda methods had different changes. The North China ammonia - soda profit changed from - 217.2 to - 200.6, and the North China combined - soda profit changed from - 287.2 to - 264.9 [3].

Group 1: Glass Market Analysis - The main contract for glass (2605) experienced a fluctuating increase this week, with the average price of domestic float glass at 1077 yuan/ton, up by 2.45 yuan/ton week-on-week, indicating stable transaction growth [2][8] - The operating rate of float glass enterprises is 71.96%, a decrease of 1.47% week-on-week, while the capacity utilization rate is 75.63%, down by 1.34% [2][8] - Total inventory of float glass in sample enterprises is 55.518 million heavy boxes, a decrease of 2.37% week-on-week, showing significant destocking [10] Group 2: Supply and Demand Dynamics - Demand for float glass improved due to enhanced market sentiment, with overall shipment conditions being acceptable [9] - The supply-demand contradiction in the glass market has eased, with increased cold repairs and rising speculative demand leading to inventory reduction [10] - The glass market still faces the challenge of high inventory, necessitating price reductions to achieve further production cuts [10] Group 3: Soda Ash Market Analysis - The main contract for soda ash (2605) also saw a fluctuating increase, with a current capacity utilization rate of 84.39%, up by 5.54% week-on-week, and a production of 753,600 tons, an increase of 8.11% [11][12] - However, demand for soda ash has decreased due to a decline in daily consumption of float glass and photovoltaic glass, with a notable increase in speculative demand driven by market participants [12] - Domestic soda ash manufacturers' inventory stands at 1.5727 million tons, an increase of 11.67% week-on-week, indicating significant accumulation [13] Group 4: Supply and Demand Challenges - The supply-demand contradiction for soda ash has intensified, with new production capacities being released, leading to increased supply while demand is on a downward trend [13] - If production is not curtailed through price reductions, soda ash will continue to face substantial fundamental pressures [14] - Short-term speculative demand has increased due to market participants' involvement, keeping soda ash prices fluctuating, but potential downward pressure remains if the fundamental situation weakens [14]

Core Viewpoint - Wei County is actively pursuing high-quality development through various initiatives, including the return of the Weixian duck pear to the UAE market, the launch of a lithium battery recycling production line, and the completion of BYD's new energy vehicle bridge smart workshop, showcasing a blend of historical culture and modern vitality [3][4]. Economic Development - In 2025, Wei County signed 17 projects with a total investment exceeding 2.6 billion yuan, marking a breakthrough for central state-owned enterprises [6] - The fixed asset investment in the economic development zone grew by 175% in the first three quarters, while revenue from above-scale enterprises increased by 67.6% [6] - The industrial added value growth rate ranked among the top in the city, with 3 new specialized and innovative enterprises added, bringing the total to 49 [6] Industry Upgrades - The special vehicle parts industry cluster achieved revenue exceeding 8.7 billion yuan, while the robotics industry made significant progress with key enterprises like Xiniu Intelligent Technology successfully established [6] - The 30,000-ton waste lithium battery comprehensive utilization project has begun to release capacity, marking the initial formation of a circular economy industrial chain [6] Urban and Rural Development - Wei County added 3,245 square meters of public park green space, enhancing the livability of the area [9] - Urban renewal and rural revitalization efforts are ongoing, with improvements in transportation and housing infrastructure, including the completion of 8 bridges and the renovation of heating networks in old communities [9] - The "Digital Wei County" platform has integrated 15 vertical scene models to enhance urban governance [9] Healthcare and Education - Wei County People's Hospital was certified as a national chronic disease management center, improving healthcare access for residents [12] - Educational reforms have been implemented, with 7,526 teachers participating in a structured flow system, ensuring balanced resource allocation across schools [12] Social Welfare - In 2025, Wei County completed 22 "guaranteed housing" projects, delivering 6,263 housing units to address residents' housing concerns [13] - The county exceeded its targets for 30 social welfare projects, creating 8,000 new urban jobs and enhancing educational opportunities [13]

1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - **Soda Ash**: The market is expected to be in a mid - term sideways trend. Supply surplus, high forward premium in futures, and potential downstream production cuts are the core driving forces of pressure. The price is supported by limited downside space and suppressed by supply surplus and glass industry cuts. The trading rhythm follows glass, with lower volatility [2][4]. - **Glass**: In the short term, it is weak; in the medium term, it is in a sideways trend, and over - bearish views are not advisable. The market will switch between rising driven by production cut expectations and falling due to weak demand and weak basis. The valuation factor will be crucial in the future [5][7]. 3. Summary by Relevant Catalogs Glass Supply - In the week, one float glass production line each in Southwest and Central China was shut down for cold repair, resulting in a week - on - week decline in production. As of January 8, 2026, the daily output of national float glass was 150,100 tons, a decrease of 0.96% compared to January 1st [5]. - In 2025, the total daily melting volume of cold - repaired production lines was 21,330 tons/day, and the total daily melting volume of ignited production lines was 15,010 tons/day. Potential new ignition production lines have a total daily melting volume of 14,490 tons/day, potential old - line复产 production lines have a total of 9,370 tons, and potential cold - repair production lines have a total of 9,420 tons/day [10][11][12]. - The current in - production capacity is about 150,000 tons/day, and the peak capacity in 2021 was 178,000 tons/day [16]. Demand As of December 31, 2025, the average order days of national deep - processing sample enterprises was 8.6 days, a week - on - week decrease of 10.7% and a year - on - year decrease of 16.1%. Engineering orders are gradually ending, and home - decoration orders are mainly low - value single orders [6]. Inventory As of January 8, 2026, the total inventory of national float glass sample enterprises was 55.518 million heavy boxes, a week - on - week decrease of 1.348 million heavy boxes, a decrease of 2.37%, and a year - on - year increase of 27.04%. The inventory days were 24.1 days, a decrease of 1.5 days compared to the previous period [6]. Price and Profit - Market prices are mostly stable, with some regions showing increases. The price in Shahe is about 1,000 - 1,020 yuan/ton (up 10 - 20 yuan/ton), in Central China's Hubei region is 1,020 - 1,060 yuan/ton (up 20 yuan/ton), and in East China's Jiangsu and Zhejiang regions, the prices of some large manufacturers are 1,110 - 1,250 yuan/ton (mostly stable, some slightly up 10 - 20 yuan/ton) [19][23]. - The profit with petroleum coke as fuel is about - 7 yuan/ton, and the profits with natural gas and coal as fuels are about - 186 and - 74 yuan/ton respectively [28][32]. Photovoltaic Glass Price and Profit - Market transactions have weakened recently, and this situation is expected to continue. The mainstream order price of 2.0mm coated panels is 10.5 - 11 yuan/square meter, and that of 3.2mm coated panels is 17.5 - 18.5 yuan/square meter, both remaining unchanged week - on - week [44][46]. Capacity and Inventory - There are 400 in - production production lines nationwide, with a total daily melting volume of 87,620 tons/day, a week - on - week decrease of 0.36% and a year - on - year decrease of 2.31%. As of Thursday this week, the sample inventory days were about 40.17 days, a week - on - week increase of 2.66%, with the growth rate narrowing by 0.16 percentage points [51][56]. Soda Ash Supply and Maintenance - Some soda ash production plants have carried out phased maintenance and production reduction. The current capacity utilization rate is 84.4%, and the weekly output of heavy soda ash is about 405,000 tons. The inventory is about 1.5727 million tons. As of January 8, 2026, the total inventory of domestic soda ash manufacturers was 1.5727 million tons, a year - on - year increase of 6.93% [60][62][69]. Price and Profit - The low - end price in Shahe area is 1,180 yuan/ton, showing an increase. Most manufacturers' ex - factory prices are stable, with prices in Shandong increasing by 30 - 50 yuan/ton. The profit of the joint - alkali method in East China (excluding Shandong) is - 40 yuan/ton, and the profit of the ammonia - alkali method in North China is - 58 yuan/ton [77][78][84]. Basis and Month - to - Month Spread The rise in futures has led to a weakening of the basis [80].

Investment Rating - The report maintains an "Increase" rating for the construction materials sector [4] Core Views - The construction materials sector saw a 1.89% increase from January 5 to January 9, 2026, with cement up 1.62%, glass manufacturing up 3.10%, fiberglass manufacturing up 0.75%, and renovation materials up 2.57% [13] - The People's Bank of China emphasized promoting high-quality economic development and reasonable price recovery as key monetary policy considerations [13] - Local government bond issuance decreased significantly in December 2025, indicating potential easing of fiscal pressure and opportunities for municipal engineering projects [13] - The supply-demand imbalance in float glass is expected to ease due to self-regulated production cuts by photovoltaic glass manufacturers [13] - The cement industry is experiencing a demand bottoming process, with increased efforts in staggered production halts [13] Summary by Sections Cement Industry Tracking - As of January 9, 2026, the national cement price index was 349.52 CNY/ton, down 0.58% week-on-week, with cement output at 2.7175 million tons, down 4.55% [2] - The capacity utilization rate for cement clinker kilns was 43.53%, up 5.1 percentage points from the previous week [2] - The overall recovery in cement demand is contingent on the rollout of funding for major infrastructure projects and stabilization in the real estate market [2] Glass Industry Tracking - As of January 8, 2026, the average price of float glass was 1121.92 CNY/ton, with a slight increase of 0.06% week-on-week [3] - The inventory of raw glass in 13 provinces was 51.95 million weight boxes, down 183 thousand from the previous week [3] - The market is expected to see price fluctuations due to changes in supply-side dynamics [3] Fiberglass Industry Tracking - The market for non-alkali fiberglass remained stable, with no significant changes in supply or demand [6] - The average price of electronic yarn G75 increased by 1.79% week-on-week, indicating a positive trend in high-end product demand [6] Consumer Building Materials - The demand for consumer building materials continues to show signs of weak recovery, with fluctuations in upstream raw material prices [7] - The price of carbon fiber remained stable, with production costs slightly decreasing, although many companies are still operating at a loss [7] Key Stocks - Recommended stocks include: - Yao Pi Glass (Buy) with projected EPS growth from 0.12 CNY in 2024 to 0.27 CNY in 2027 [8] - Yinlong Co. (Buy) with projected EPS growth from 0.28 CNY in 2024 to 0.75 CNY in 2027 [8] - Puhua Co. (Buy) with projected EPS growth from 0.12 CNY in 2024 to 0.51 CNY in 2027 [8] - San Ke Tree (Buy) with projected EPS growth from 0.45 CNY in 2024 to 2.20 CNY in 2027 [8] - Beixin Building Materials (Buy) with projected EPS growth from 2.14 CNY in 2024 to 2.34 CNY in 2027 [8]

本报讯 1月11日晚间，河南安彩高科股份有限公司（以下简称"安彩高科"）公告称，公司预计2025年度 归属于上市公司股东的净利润为负值，公司2025年度经营业绩将出现亏损。 公开资料显示，安彩高科主营业务包括光伏玻璃、浮法玻璃、药用玻璃和天然气业务。 2025年三季报显示，安彩高科去年前三季度实现归属于上市公司股东的净利润亏损3.58亿元。事实上， 安彩高科自从2023年起便处于亏损状态。 （文章来源：证券日报） 对于亏损的原因，安彩高科表示，2025年度公司业绩出现亏损，主要受行业周期波动、市场环境变化等 因素影响。 ...

Core Viewpoint - The hollow glass industry in China is experiencing a decline in production, with significant year-on-year decreases reported for 2025 [1] Industry Summary - In November 2025, China's hollow glass production was recorded at 0.1 million square meters, representing a year-on-year decrease of 5% [1] - Cumulatively, from January to November 2025, the total production of hollow glass in China reached 1.2 million square meters, marking a cumulative decline of 8.6% compared to the previous year [1] - The data indicates a downward trend in the hollow glass market, which may impact related companies and investment opportunities in the sector [1]

Core Viewpoint - The report highlights the trends and forecasts in the tempered glass industry in China, indicating a slight increase in production in 2025 despite a cumulative decline in the earlier months of the year [1] Industry Summary - According to the National Bureau of Statistics, the production of tempered glass in China for November 2025 is projected to be 0.5 million square meters, representing a year-on-year growth of 3.6% [1] - The cumulative production of tempered glass from January to November 2025 is reported to be 4.5 million square meters, showing a cumulative decline of 10.4% compared to the previous year [1] Company Summary - Listed companies in the tempered glass sector include Qibin Group (601636), Nanshan Glass A (000012), Fuyao Glass (600660), Jinjing Technology (600586), Kaisheng New Energy (600876), Yaopi Glass (600819), Shandong Pharmaceutical Glass (600529), and Yamaton (002623) [1] - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which specializes in providing in-depth industry research reports and tailored consulting services [1]

Report 1: Glass Weekly Report Industry Investment Rating Not provided in the report. Report's Core View Recently, with multiple production lines undergoing cold repairs, the daily melting volume of glass has dropped to a multi - year low (15.01 tons), and the support from rising fuel costs has boosted market sentiment and driven up prices. On the spot side, influenced by the positive futures market, many glass manufacturers have announced price hikes, and dealers' purchasing sentiment is decent. However, due to the traditional off - season, terminal orders are growing sluggishly, and the high overall industry inventory continues to limit the upside potential of prices. The market should focus on the progress of high - inventory digestion and actual spot trading performance. Given the large short - term fluctuations, it is recommended to adopt a wait - and - see approach [13][14]. Summary According to Directory 1. Week - on - Week Assessment and Strategy Recommendation - Price: As of January 9, 2026, the spot market price of float glass was 1020 yuan/ton, a week - on - week increase of 20 yuan/ton; the closing price of the glass main contract was 1144 yuan/ton, a week - on - week increase of 57 yuan/ton; the basis was - 124 yuan/ton, a week - on - week decrease of 37 yuan/ton [13][19]. - Cost and Profit: The weekly average profit of producing float glass with natural gas as fuel was - 186.4 yuan/ton, a week - on - week increase of 5 yuan/ton; the low - end price of Henan LNG market was 3780 yuan/ton, a week - on - week decrease of 20 yuan/ton. The weekly average profit of producing float glass with coal as fuel was - 73.83 yuan/ton, a week - on - week decrease of 8.6 yuan/ton; the weekly average profit of producing float glass with petroleum coke as fuel was - 5.78 yuan/ton, a week - on - week increase of 18.58 yuan/ton [13][29][32]. - Supply: As of January 9, 2026, the weekly output of national float glass was 105.92 tons, a week - on - week decrease of 1.413 tons; the number of operating production lines was 212, a week - on - week decrease of 2; the operating rate was 71.95% [13][37]. - Demand: According to WIND data, from January to November 2025, the cumulative sales area of commercial housing in China was 78701.74 million square meters, a year - on - year decrease of 7.8%; in November, the sales area of commercial housing was 6719.74 million square meters, a year - on - year decrease of 17.93%. According to CAAM data, in November, the production and sales of automobiles were 353.16/342.90 million vehicles respectively, a year - on - year increase of 2.76%/3.40%; from January to November, the cumulative production and sales of automobiles were 3123.10/3112.70 million vehicles [13][43][46]. - Inventory: As of January 9, 2026, the in - factory inventory of national float glass was 5551.8 million heavy boxes, a week - on - week decrease of 134.80 million heavy boxes; the in - factory inventory in the Shahe area was 261.36 million heavy boxes, a week - on - week decrease of 95.28 million heavy boxes [13][51]. 2. Futures and Spot Market - Glass Basis: As of January 9, 2026, the spot market price of float glass was 1020 yuan/ton, the closing price of the glass main contract was 1144 yuan/ton, and the basis was - 124 yuan/ton, a week - on - week decrease of 37 yuan/ton [19]. - Glass Inter - month Spread: As of January 9, 2026, the 01 - 05 spread of glass was - 120 yuan/ton (+18), the 05 - 09 spread was - 90 yuan/ton (+13), the 09 - 01 spread was 210 yuan/ton (- 31), and the open interest reached 154.85 million lots [22]. 3. Profit and Cost - Float Glass Profit and Cost: As of January 9, 2026, the weekly average profit of producing float glass with natural gas as fuel was - 186.4 yuan/ton, a week - on - week increase of 5 yuan/ton; the low - end price of Henan LNG market was 3780 yuan/ton, a week - on - week decrease of 20 yuan/ton. The weekly average profit of producing float glass with coal as fuel was - 73.83 yuan/ton, a week - on - week decrease of 8.6 yuan/ton; the weekly average profit of producing float glass with petroleum coke as fuel was - 5.78 yuan/ton, a week - on - week increase of 18.58 yuan/ton [29][32]. 4. Supply and Demand - Glass Production and Operating Rate: As of January 9, 2026, the weekly output of national float glass was 105.92 tons, a week - on - week decrease of 1.413 tons; the number of operating production lines was 212, a week - on - week decrease of 2; the operating rate was 71.95% [37]. - Glass Demand: As of January 9, 2026, the downstream deep - processing orders of float glass were 8.6 days, a week - on - week decrease of 1.10 days; the operating rate of Low - e glass was 44.10%, unchanged from the previous week. From January to November 2025, the cumulative sales area of commercial housing in China was 78701.74 million square meters, a year - on - year decrease of 7.8%; in November, the sales area of commercial housing was 6719.74 million square meters, a year - on - year decrease of 17.93%. In November, the production and sales of automobiles were 353.16/342.90 million vehicles respectively, a year - on - year increase of 2.76%/3.40%; from January to November, the cumulative production and sales of automobiles were 3123.10/3112.70 million vehicles [40][43][46]. 5. Inventory As of January 9, 2026, the in - factory inventory of national float glass was 5551.8 million heavy boxes, a week - on - week decrease of 134.80 million heavy boxes; the in - factory inventory in the Shahe area was 261.36 million heavy boxes, a week - on - week decrease of 95.28 million heavy boxes [51]. Report 2: Soda Ash Weekly Report Industry Investment Rating Not provided in the report. Report's Core View Last week, the overall supply of soda ash was stable, the load of some plants increased slightly, and the industry's operating rate rebounded. Meanwhile, the second - phase project of Alashan was officially put into production, and the market supply pressure continued. In terms of demand, the production capacity of photovoltaic glass and float glass showed a downward trend, the rigid demand for heavy soda ash decreased accordingly, downstream users generally adopted a cautious wait - and - see attitude, and most purchases were for low - price rigid needs, resulting in a dull overall trading atmosphere. Enterprise inventories continued to accumulate, and the pressure to sell goods increased significantly. Some manufacturers slightly lowered their quotes to promote sales. Although the price of local heavy soda ash increased slightly driven by the futures market in the later part of the week, the market still lacked substantial positive support, and the overall weak pattern remained unchanged [62][63]. Summary According to Directory 1. Week - on - Week Assessment and Strategy Recommendation - Price: As of January 9, 2026, the spot market price of heavy soda ash in Shahe was 1188 yuan/ton, a week - on - week increase of 66 yuan/ton; the closing price of the soda ash main contract was 1228 yuan/ton, a week - on - week increase of 19 yuan/ton; the basis was - 40 yuan/ton, a week - on - week increase of 47 yuan/ton [62][68]. - Cost and Profit: As of January 9, 2026, the weekly average profit of the ammonia - soda process was - 145.85 yuan/ton, a week - on - week increase of 21.55 yuan/ton; the weekly average profit of the combined - soda process was - 108 yuan/ton, a week - on - week decrease of 4.5 yuan/ton. The price of steam coal arriving at Qinhuangdao Port was 700 yuan/ton, a week - on - week increase of 10 yuan/ton; the low - end price of Henan LNG market was 3780 yuan/ton, a week - on - week decrease of 20 yuan/ton. The price of raw salt in the northwest region was 215 yuan/ton, unchanged from the previous week; the price of synthetic ammonia in Shandong was 2315 yuan/ton, a week - on - week increase of 15 yuan/ton [62][79][82]. - Supply: As of January 9, 2026, the weekly output of soda ash was 75.36 tons, a week - on - week increase of 5.65 tons, and the capacity utilization rate was 84.39%. The output of heavy soda ash was 40.45 tons, a week - on - week increase of 3.35 tons; the output of light soda ash was 34.91 tons, a week - on - week increase of 2.30 tons [62][90][93]. - Demand: As of January 9, 2026, the weekly output of national float glass was 105.92 tons, a week - on - week decrease of 1.413 tons, the number of operating production lines was 212, a week - on - week decrease of 2, and the operating rate was 71.95%. The apparent consumption of soda ash in November reached 289 tons [62][96]. - Inventory: As of January 9, 2026, the in - factory inventory of soda ash was 157.27 tons, a week - on - week increase of 16.44 tons; the available inventory days were 13.04 days, a week - on - week increase of 1.36 days. The in - factory inventory of heavy soda ash was 73.62 tons, a week - on - week increase of 6.01 tons; the in - factory inventory of light soda ash was 83.65 tons, a week - on - week increase of 10.43 tons [62][101][104]. 2. Futures and Spot Market - Soda Ash Basis: As of January 9, 2026, the spot market price of heavy soda ash in Shahe was 1188 yuan/ton, the closing price of the soda ash main contract was 1228 yuan/ton, and the basis was - 40 yuan/ton, a week - on - week increase of 47 yuan/ton [68]. - Soda Ash Inter - month Spread: As of January 9, 2026, the 01 - 05 spread of soda ash was - 85 yuan/ton (- 1), the 05 - 09 spread was - 68 yuan/ton (- 5), the 09 - 01 spread was 153 yuan/ton (+6), and the open interest reached 154.85 million lots [71]. 3. Profit and Cost - Soda Ash Profit: As of January 9, 2026, the weekly average profit of the ammonia - soda process was - 145.85 yuan/ton, a week - on - week increase of 21.55 yuan/ton; the weekly average profit of the combined - soda process was - 108 yuan/ton, a week - on - week decrease of 4.5 yuan/ton [79]. - Raw Material Cost: As of January 9, 2026, the price of steam coal arriving at Qinhuangdao Port was 700 yuan/ton, a week - on - week increase of 10 yuan/ton; the low - end price of Henan LNG market was 3780 yuan/ton, a week - on - week decrease of 20 yuan/ton. The price of raw salt in the northwest region was 215 yuan/ton, unchanged from the previous week; the price of synthetic ammonia in Shandong was 2315 yuan/ton, a week - on - week increase of 15 yuan/ton [82][85]. 4. Supply and Demand - Soda Ash Production: As of January 9, 2026, the weekly output of soda ash was 75.36 tons, a week - on - week increase of 5.65 tons, and the capacity utilization rate was 84.39%. The output of heavy soda ash was 40.45 tons, a week - on - week increase of 3.35 tons; the output of light soda ash was 34.91 tons, a week - on - week increase of 2.30 tons [90][93]. - Soda Ash Demand: As of January 9, 2026, the weekly output of national float glass was 105.92 tons, a week - on - week decrease of 1.413 tons, the number of operating production lines was 212, a week - on - week decrease of 2, and the operating rate was 71.95%. The apparent consumption of soda ash in November reached 289 tons [96]. 5. Inventory As of January 9, 2026, the in - factory inventory of soda ash was 157.27 tons, a week - on - week increase of 16.44 tons; the available inventory days were 13.04 days, a week - on - week increase of 1.36 days. The in - factory inventory of heavy soda ash was 73.62 tons, a week - on - week increase of 6.01 tons; the in - factory inventory of light soda ash was 83.65 tons, a week - on - week increase of 10.43 tons [101][104]

Core Insights - The article highlights the transformation of Xiaoshan Village in Shanxi Province into a global hub for glassware production, showcasing how traditional craftsmanship has evolved into an international industry cluster that drives rural revitalization [1][2]. Group 1: Industry Development - Xiaoshan Village, known as the "Glassware Capital of China," has developed a glass industrial park with over 60 enterprises, accounting for a quarter of the county's glass businesses [1]. - The aggregation of enterprises has led to reduced production costs and enhanced order-taking capabilities, making the glass industry a solid income source for villagers [2]. Group 2: Employment and Economic Impact - More than 2,000 people are employed in the park, representing 85% of the village's labor force, with income from glass manufacturing being the primary economic source for most families [2]. - The village collective has increased its income through land leasing and park services, which supports infrastructure improvements and community welfare initiatives [2]. Group 3: Product and Market Reach - The products are primarily exported to Europe, the Middle East, and Africa, with items like wine glasses and cold drink cups being particularly popular among overseas customers [2]. - The competitive edge lies in the decades of craftsmanship, high-quality production, and the cost advantages of clustered manufacturing [2]. Group 4: Innovation and Future Plans - The village is attracting young talent, such as design graduates, who are contributing to product design and new sales channels, including e-commerce and live streaming [4]. - Future plans include upgrading the industry with standardized factories and automated production lines, as well as creating a "Glass Cultural and Creative Park" to integrate industrial tourism and innovative design [4].