建材市场周报：建材周度报告-20250512

Group 1: Report Overview - Report on building materials (rebar, glass) for the week from May 5th to May 9th, 2025 [1][3] - Researcher: Zhang Mengwei, Consultation Certificate No. (Z0020205) [1] Group 2: Industry Investment Rating - Not provided Group 3: Core Viewpoints - Building materials continued the downward trend this week, with rebar showing some resistance and glass hitting a new low [3] - The agreement on tariff and trade between the UK and the US indicates a gradual reduction in market risks and a possible mean - reversion of asset volatility [3] - The fundamentals of building materials are showing signs of weakening as the off - season approaches, but the improving macro - environment may have a hedging effect on prices [3] Group 4: Rebar Analysis - Rebar spot trading was weak week - on - week, and steel mill profits were continuously compressed, leading to a slight decline in production week - on - week [3] - Rebar demand weakened after excluding the impact of the May Day holiday, and inventory started to accumulate [3][4] Group 5: Glass Analysis - Two glass production lines were cold - repaired this week, resulting in a slight week - on - week decrease in production [3] - Glass demand improved week - on - week, but the terminal real estate market remained weak based on Q1 completion area data, and the glass market was still in a supply - exceeding - demand situation with prices under pressure [3] - Glass inventory increased slightly [10]