建筑材料行业周报：水泥偏强运行，关注高股息建筑建材个股

Investment Rating - The industry investment rating is maintained at "Overweight" [4][33]. Core Viewpoints - A series of supportive policies have been released, signaling a positive outlook for the industry. On October 17, the Ministry of Housing and Urban-Rural Development mentioned a "combination of four cancellations, four reductions, and two increases" aimed at stabilizing the real estate market [4][5]. - Since late September, continuous policy releases have aimed to stabilize the real estate market. Key measures include new financial policies for real estate and adjustments to housing loan interest rates [5]. - The People's Bank of China has initiated a stock repurchase and increase loan program with an initial quota of 300 billion yuan, encouraging companies with high dividend yields to repurchase shares [5]. Industry Data Tracking - Cement: The national average price of cement was 525.10 yuan/ton, with a week-on-week increase of 1.4%. The cement output on October 18 was 3.255 million tons, up 3.9% week-on-week [6]. - Flat Glass: The average price of flat glass was 1,274 yuan/ton, with a week-on-week increase of 9%. Inventory levels decreased by 1.71% [6]. - Photovoltaic Glass: The price remained stable at 21.25 yuan/square meter, with an operating rate of 71.80% [6]. - Investment Strategy: The report suggests focusing on resilient consumer building material leaders and cement companies that are expected to benefit from seasonal demand improvements [8].