Investment Rating - The report maintains a "Buy" rating for several key stocks in the construction materials sector, including Yao Pi Glass, Yinlong Co., Puyang Co., San Ke Tree, and Bei Xin Materials [7]. Core Insights - The construction materials sector saw a 4.91% increase from February 2 to February 6, 2026, outperforming the Shanghai and Shenzhen 300 index by 4.10% [12]. - The report highlights the positive impact of government policies aimed at stabilizing prices and boosting macroeconomic governance, which may lead to improved demand in municipal engineering projects [1][12]. - The cement industry is experiencing a demand bottoming out, with a focus on supply-side improvements and regional demand increases driven by large infrastructure projects [1][17]. - The glass fiber market shows structural opportunities, particularly in high-end demand segments, while the overall glass market is under pressure from inventory levels [1][34]. Summary by Sections Cement Industry Tracking - As of February 6, 2026, the national cement price index was 340.08 CNY/ton, down 0.83% week-on-week, with a significant drop in cement output and utilization rates [17]. - The report anticipates a continued decline in cement demand leading up to the Lunar New Year, with a strategy of "stabilizing prices and reducing volume" being adopted by many companies [17][30]. Glass Industry Tracking - The average price of float glass as of February 5, 2026, was 1154.49 CNY/ton, reflecting a 0.85% increase week-on-week, but overall inventory levels remain high [34]. - The report notes that downstream demand is cooling due to the upcoming holiday, although some support from export orders is noted [34]. Glass Fiber Industry Tracking - The report indicates a slight increase in the price of non-alkali glass fiber, driven by rising costs, while high-end electronic yarn prices have seen significant increases [5][34]. - The overall production capacity in the glass fiber sector remains stable, with a slight increase in inventory levels noted [5][34]. Consumer Building Materials - The consumer building materials segment is experiencing a weak recovery, with fluctuations in raw material prices impacting overall demand [6]. - The report emphasizes the potential for long-term market share growth in this segment, particularly in response to policies stimulating consumption [1][6].