建材行业策略周报：天气波动影响需求，旺季需求待确认

Group 1: Market Performance - The construction materials sector has seen a market performance decline of 37% over the last 12 months, compared to a 30% decline in the CSI 300 index[2] - In September, new home sales in 30 cities totaled 2.95 million square meters, a month-on-month decrease of 6% and a year-on-year decrease of 18%[5] - The second-hand housing market showed a total transaction of 2.46 million square meters in 15 cities, with a month-on-month decrease of 4% but a year-on-year increase of 31%[5] Group 2: Demand and Supply Dynamics - Cement demand is affected by weather fluctuations, with prices expected to continue fluctuating due to insufficient demand support[3] - The average price of cement has seen a decrease of 0.8% nationwide in the latest week, with a significant drop in demand due to increased rainfall in eastern and central China[16] - The glass market is facing an oversupply issue, leading to a continued decline in prices, with prices dropping by 1-5 yuan per weight box[16] Group 3: Investment Recommendations - Long-term investment is recommended for consumer-end materials such as Weixing New Materials, Beixin Building Materials, and Tubao[6] - For rebound opportunities, attention is suggested for business-end materials like Dongfang Yuhong, Sankeshu, and Mona Lisa[6] - Other related stocks to watch include Qingniao Fire Protection and Sait New Materials[6] Group 4: Risks - Risks include potential declines in the real estate market, intensified industry competition, and macroeconomic downturns[23]