建筑材料行业周报：临近政策窗口期，继续关注收储等政策落地情况

Investment Rating - The investment rating for the construction materials sector is maintained at "Overweight" [2]. Core Views - The construction materials sector has shown a slight increase of 1.89% from December 2 to December 6, 2024, outperforming the Shanghai Composite Index by 0.45% [2]. - Cement prices are stabilizing due to production cuts, while demand is still in a bottoming phase. The sector is expected to see price increases in the near term due to improved infrastructure work volume [2]. - The demand for photovoltaic glass is expected to continue growing, with supply constraints leading to a quicker arrival at the equilibrium point and significant price elasticity [2]. - The report highlights key stocks to focus on, including Beixin Building Materials, Weixing New Materials, and Qibin Group, among others, due to their potential for growth and favorable market conditions [5]. Summary by Sections 1. Market Review - The construction materials sector (SW) increased by 1.89%, while the Shanghai Composite Index rose by 2.33% during the same period [14]. - Cement (SW) rose by 2.04%, glass manufacturing (SW) by 1.04%, and fiberglass manufacturing (SW) by 5.13% [14]. 2. Cement Industry Tracking - As of December 6, 2024, the national cement price index is 420.11 yuan/ton, down 0.52% from the previous week. The national cement output was 3.4975 million tons, up 2.51% week-on-week [20]. - The clinker capacity utilization rate is at 44.2%, with a slight increase of 0.4 percentage points from the previous week [20]. 3. Glass Industry Tracking - The average price of float glass is 1418.60 yuan/ton, reflecting a decrease of 1.02% from the previous week. The inventory of raw glass in 13 provinces is 42.72 million weight boxes, down 1.16 million weight boxes week-on-week [5]. 4. Fiberglass Industry Tracking - The price of non-alkali roving increased, while traditional fiberglass demand has slightly declined. However, wind power and thermoplastic orders continue to support demand [5]. 5. Consumer Building Materials Price Tracking - The consumer building materials sector is experiencing a weak recovery, with upstream raw material prices for aluminum alloy, styrene, and natural gas increasing week-on-week [5]. 6. Carbon Fiber Price Tracking - The carbon fiber market price remains stable, with production at 1365 tons and an operating rate of 54.56% [5].