Group 1 - The national high-standard cement market price is 339.7 yuan/ton, down 1.0 yuan/ton from last week and down 42.5 yuan/ton from the same period in 2024 [1][3] - The average cement inventory of sample enterprises is 66.2%, down 0.2 percentage points from last week and down 0.9 percentage points from the same period in 2024 [3] - The average cement shipment rate is 44.7%, up 1.7 percentage points from last week but down 2.0 percentage points from the same period in 2024 [3] Group 2 - The construction materials sector (SW) decreased by 2.31% this week, while the Shanghai and Shenzhen 300 and Wind All A indices decreased by 1.75% and 1.09%, respectively [2] - The average price of float glass is 1295.3 yuan/ton, up 56.7 yuan/ton from last week but down 175.7 yuan/ton from the same period in 2024 [3] - The domestic non-alkali roving market price is stable, with mainstream transaction prices ranging from 3200 to 3700 yuan/ton, down 0.64% from last week [3] Group 3 - The real estate industry has shown signs of recovery, with the added value of the real estate sector turning positive, indicating a clearing in the supply chain [4][5] - The cement and glass industries are recommended for investment due to their potential benefits from demand recovery and industry consolidation [5][6] - The glass fiber market is expected to see growth in high-end products due to technological advancements and increased demand in sectors like wind power and new energy vehicles [7][8] Group 4 - The construction materials sector is experiencing a supply-side contraction, which is expected to improve the short-term supply-demand balance [9] - The government is expected to continue promoting domestic demand and consumption, which will positively impact the home improvement and building materials market [10][11] - Companies with strong growth intentions and those benefiting from national subsidy policies are recommended for investment [11]
PMI走弱，需求侧等待新政策 | 投研报告
Zhong Guo Neng Yuan Wang·2025-08-04 03:37