Core Viewpoint - The glass fiber industry is expected to stabilize supply and demand through capacity discipline and structural optimization in response to the national "anti-involution" policy by 2025, leading to a gradual recovery in glass fiber prices and sustained improvement in industry profitability [1] Industry Summary - In 2025, the glass fiber industry will actively respond to the national "anti-involution" policy, promoting supply-demand stability through capacity self-discipline and structural optimization [1] - The industry anticipates a gradual recovery in glass fiber prices, contributing to a continuous improvement in profitability levels [1] - However, challenges such as escalating trade barriers, currency fluctuations, and significant increases in precious metal prices are expected to raise manufacturing costs, creating substantial cost pressures for companies [1] Company Summary - In 2026, the company plans to align with industry development trends by further implementing "anti-involution" requirements, accelerating the elimination of inefficient production capacity [1] - The company aims to promote dynamic balance in supply and demand while focusing on high-quality development [1]
国际复材：2025年玻纤行业盈利水平持续修复