建筑材料行业周报：美联储降息落地，政策预期增强有望带动地产链企稳

Investment Rating - The industry investment rating is "Overweight (Maintain)" [7] Core Viewpoints - The Federal Reserve's interest rate cut of 50 basis points is expected to have a positive impact on the real estate sector, enhancing market expectations for future monetary policy adjustments [7] - The acceleration of national bond issuance for water conservancy projects is anticipated to boost demand and stabilize prices for construction materials, particularly cement [8] - The construction materials sector is currently at a low point, but there is potential for price recovery, especially in cement and other related materials [10] Summary by Relevant Sections Cement - The national average price of cement was 501.74 RMB/ton, with a week-on-week increase of 0.3%. Prices in North China, Central South, and Southwest regions rose by 2.5%, 0.4%, and 0.3% respectively [9] - National cement shipment volume was 3.1245 million tons, showing a week-on-week decrease of 1.8% [9] Flat Glass - The average price of float flat glass was 1318.8 RMB/ton, with a week-on-week decrease of 4.0%. Inventory levels increased by 2.391 million weight boxes, attributed to lower production and sales rates during the Mid-Autumn Festival [9] - Daily production of float glass was 166,100 tons, reflecting a week-on-week decrease of 0.51% [9] Photovoltaic Glass - The price of photovoltaic glass remained stable at 22 RMB/square meter, with an operating rate of 72.6%, down 0.5 percentage points from the previous week [9] Fiberglass and Carbon Fiber - Prices for fiberglass and carbon fiber remained stable during the reporting period [9] Investment Recommendations - Focus on resilient consumer building material leaders such as Weixing New Materials, Beixin Building Materials, and Tubao, as well as cement companies like Huaxin Cement and Anhui Conch Cement, which are expected to benefit from improved demand in the peak season [10]