Sou Hu Cai Jing·2025-07-21 04:39Core Viewpoint - The official launch of the Yarlung Tsangpo River downstream hydropower project has led to a significant surge in the water conservancy and cement sectors, with related ETFs experiencing substantial gains in trading volume and price [1][3]. Group 1: ETF Market Performance - The E Fund Building Materials ETF (159787) saw a half-day increase of 8.23%, with a trading volume of 26.74 million yuan [2][3]. - The Building Materials ETF (159745) recorded a half-day trading amount of 234 million yuan, indicating high trading activity [1][3]. - Year-to-date, the Building Materials ETF (159745) has seen an increase of 23.1 million shares, with a change rate of 28.11% [2]. Group 2: Industry Price Trends - Many building material prices are currently at historically low levels, with the national average price of high-standard cement down by 31 yuan/ton year-on-year and 17 yuan/ton month-on-month [3]. - Float glass prices have decreased by 27.2% year-on-year and 6.1% month-on-month [3]. - The industry is expected to improve due to a combination of stable growth policies and an enhanced competitive landscape [3]. Group 3: Index Composition - The CSI All Share Building Materials Index includes listed companies involved in the building materials sector, reflecting the overall performance of these companies [4]. - Major weighted stocks in the index include Conch Cement (14.46%), Beijing New Building Materials (11.04%), and Oriental Yuhong (9.05%) [5].