20230721-瑞达期货-纯碱玻璃市场周报_15页_1mb

Pure Alkali Glass Market Weekly Summary

Market Review

• Pure Alkali: Spot market showed volatility but generally bias to strength, with smooth sales. Demand side stable, inventory low.
• Glass: Prices rose, especially in the Sand River area, due to low inventories and a pull for purchasing. Demand supported by policy but may slow.

Outlook

• Pure Alkali: Production relatively stable, inventory continues to decline. Expect steady demand but watches for supply changes.
• Glass: Supply increases with new production lines starting. Demand may weaken as inventory builds, with policy support fading. Continued challenges for persistent inventory reduction.

Strategy Recommendations

• SA2309: Short-term focus on 2010 resistance; break could target 2100.
• FG2309: Short-term support at 1690; breakdown could test 1650. Manage risk carefully.

Market Data

• Futures: Pure Alkali and Glass both ended the week with gains. Cross-spreads: SA9-1 at 441, FG9-1 at 227.
• Inventory: Pure Alkali and Glass inventories down significantly, reflecting tight supply-demand balance.

Upstream and Demand

• Upstream: Original salt prices stable, synthetic ammonia prices dropped.
• Demand: Glass downstream orders stable, with rising production for specialized glass.