建筑材料行业周报：西部大开发再出政策支持，关注基建受益板块

Investment Rating - The industry investment rating is "Overweight (Maintain)" [3] Core Viewpoints - The Central Political Bureau reviewed policies to further promote the new pattern of Western Development, suggesting a focus on infrastructure-related sectors in the Western region. This includes water conservancy projects, hydropower projects, transportation, and cement, which are expected to benefit from increased infrastructure construction [3] - The Ministry of Housing and Urban-Rural Development is accelerating the "stockpiling" of commercial housing and promoting the renovation of old residential areas, which is anticipated to drive demand for construction materials such as waterproofing, coatings, and pipes [4] Summary by Relevant Sections Cement - The national average price of cement from August 19 to August 23 was 497.9 RMB/ton, with a week-on-week increase of 0.2%. The cement shipment volume on August 23 was 3.2625 million tons, also up 0.2% week-on-week. Despite weak downstream construction activities due to high temperatures and project funding delays, there is potential for improved demand as temperatures drop in September [5] Flat Glass - The price of float flat glass decreased by 1.0% on August 20, with an inventory increase of 1.234 million weight boxes to 6.8664 million weight boxes as of August 23. The daily production of float glass was 168,600 tons, showing a slight week-on-week increase of 0.3% [5] Photovoltaic Glass - The price of photovoltaic glass remained stable at 22.5 RMB/square meter as of August 21, with an operating rate of 77.75% on August 23, down 0.1 percentage points [5] Investment Strategy - The construction materials sector is currently at a low point, but there is potential for price recovery, particularly in cement. The focus on destocking in the real estate sector since the 430 Political Bureau meeting suggests opportunities in the construction materials sector [6][7]