With the seasonal switching of demand, the price of tank kiln yarn has increased recently, especially the demand for wind power yarn has performed well. In addition, the supply has been alleviated due to the cold repair of enterprises in the early stage. Yang Xiang, an analyst of Soochow securities, commented that the price rise has good elasticity. In todays trading, glass fiber plate nine tripod new material trading limit, China Jushi, Sinoma technology and so on.
Looking forward to the industry research institute research industry, said that at present, Chinas glass fiber industry is still in the stage of rapid development, the future glass fiber industry, especially the back-end products and composite materials business competition will be more intense.
Yan Guang, an analyst at Pacific Securities, said that in the long term, the current industry is still at the bottom of the cycle, and the cost side support makes the price downward space very limited; while the supply sides new capacity from 2019 to 2020 will greatly reduce, and the short-term capacity impact is also very limited. The second half of the year will also be the turning point of the long-term prosperity. It is suggested to focus on the industry leaders, which have the advantages of scale, channel and product structure, and the rebound strength will be greater than the industry average.
Chinas glass fiber industry has a high degree of concentration. The leading enterprises represented by Jushi, Taishan glass fiber and Chongqing International occupy most of the production capacity of Chinas glass fiber industry. Among them, Jushi has the highest glass fiber production capacity, accounting for about 34%.
Pacific Securities is the first to focus on the industry leader China Jushi: because of its process upgrading, steady expansion of production capacity, steady progress of internationalization process, and at the same time, its scale and cost advantages create a high moat. Secondly, Pacific Securities suggested to pay attention to the small leader of glass fiber products Changhai Co., because its production capacity and production efficiency are continuing to expand.