Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - Not provided in the content 3. Summary by Relevant Data Glass - **Spot Prices**: As of June 5, 2025, the prices of 5mm large - plate glass in different regions showed various trends. For example, the price of 5mm large - plate glass at Shahe Anquan decreased from 1134.0 on May 29 to 1121.0, with a weekly change of - 13.0; Wuhan Changli's price dropped from 1140.0 to 1080.0, a weekly change of - 60.0 [2]. - **Futures Contracts**: The FG09 contract price decreased from 985.0 on May 29 to 963.0 on June 5, a weekly change of - 22.0; the FG01 contract price dropped from 1049.0 to 1018.0, a weekly change of - 31.0 [2]. - **Price Spreads and Basis**: The FG 9 - 1 spread was - 55.0 on June 5, with a weekly change of 9.0; the 09 Hebei basis was 78.0, with a weekly change of - 50.0 [2]. - **Profits**: The North China coal - fired profit decreased from 236.5 to 219.9, a weekly change of - 16.6; the 09FG盘面 natural gas profit decreased from - 372.9 to - 394.9, a weekly change of - 22.0 [2]. - **Sales and Production Ratios**: The sales - to - production ratios were 101 in Shahe, 116 in Hubei, 90 in East China, and 105 in South China [2]. Soda Ash - **Spot Prices**: On June 5, 2025, the price of Shahe heavy - soda ash was 1250.0, with a daily change of - 10.0; Qinghai heavy - soda ash was 1030.0, with a weekly change of - 20.0 [2]. - **Futures Contracts**: The SA05 contract price decreased from 1253.0 on May 29 to 1236.0 on June 5, a weekly change of - 17.0; the SA09 contract price was 1203.0, with no weekly change [2]. - **Price Spreads and Basis**: The SA09 - 01 spread was 7.0 on June 5, with a weekly change of 5.0; the SA09 Shahe basis was 47.0, with a weekly change of 0.0 [2]. - **Profits**: The North China ammonia - soda process profit decreased from - 101.3 to - 106.3, a weekly change of 1.3; the North China combined - soda process profit decreased from 14.4 to - 10.1, a weekly change of - 22.1 [2]. - **Inventory**: The delivery warehouse inventory decreased by 12,400 tons, while the factory warehouse inventory remained unchanged [2].