This week, the clinker price along the river ushered in the fourth round of rise this year. The cement demand in East China is gradually recovering, and the peak staggering of northern cement is about to end In the two months before China Jushi Co.Ltd(600176) announcement, the total profit increased by more than 60% year-on-year. Compared with the electronic yarn with several rounds of price decline, the glass fiber roving still maintained high toughness.
Plate fell and underperformed the market: this week, Shenwan building materials index closed at 7081.0 points, down 4.3%, underperforming Wande a. The industry’s average p / E ratio was 12.90 times, down 0.64 from last week.
Cement: clinker along the river has ushered in the fourth round of rise, and the average price of clinker across the country has increased by 11 yuan: clinker and P · O42 this week 5、P·S32. 5 powder prices were 418.7, 476.5 and 454.5 yuan / ton respectively, up 11.0 yuan, 0.5 yuan and 1.6 yuan compared with last week. The mill operating rate and clinker storage ratio were 58.3% and 50.1% respectively, up 6.1% and down 2.7% respectively compared with last week. The Yangtze River Delta welcomes the fourth round of clinker price increase, with a range of about 30 yuan. The prices in many regions have increased, the cement operating rate has increased, and the prosperity of the industry is gradually recovering In Anhui Conch Cement Company Limited(600585) 22, it is planned to invest 5 billion yuan to develop new energy businesses such as photovoltaic power plants and energy storage projects Gansu Shangfeng Cement Co.Ltd(000672) joint stock company Hefei Jinghe Technology Innovation Board held a meeting.
Glass: the market performance is average, and the demand is better after the price adjustment in the North: the price of flat glass this week is 117.9 yuan / weight box, down 3.6 yuan from last week; The inventory days were 15.4 days, up 1.3 days from last week. During the week, the prices in the South and the North fell. After the price reduction, the demand in the north gradually improved and the goods went smoothly; After the price decline in the south, the market wait-and-see mood is still strong.
Glass fiber: China Jushi Co.Ltd(600176) performance increased sharply against the trend, and roving boom continued: China Jushi Co.Ltd(600176) performance in the first two months of announcement, the company’s production capacity operated at full capacity, production and marketing rate operated at a high level, inventory remained at a low level, sales prices rose steadily, and the total profit from January to February 2022 increased by more than 60% year-on-year. The main reason is that the sales volume of new energy vehicles has increased, the demand for vehicle lightweight has increased, and the demand for wind power and infrastructure has been better. Compared with the electronic yarn whose price has been adjusted for many times, the price of glass fiber roving has remained above 6000 yuan per ton for 24 consecutive weeks, with a long boom and high toughness.
Waterproof benefits from the increment of standard raising and the development of BIPV, and the leading layout is accelerated: the general code for waterproofing of building and municipal engineering (Draft for comments) has been released for nearly three years. With Chengdu Province taking the lead in issuing a document requiring the increment of waterproof standard raising, the implementation of the new regulations on the increment of waterproof standard raising is gradual. The layout of BIPV needs to be based on polymer waterproof materials. The rapid layout of BIPV is expected to provide more incremental demand for waterproof. At present, the leader has accelerated the layout of polymer coiled materials required by BIPV.
Key recommendation
The cement industry recommends Huaxin Cement Co.Ltd(600801) , Anhui Conch Cement Company Limited(600585) , Tangshan Jidong Cement Co.Ltd(000401) , and it is suggested to pay attention to Gansu Shangfeng Cement Co.Ltd(000672) , Ningxia Building Materials Group Co.Ltd(600449) ; Plastic pipe recommends ad shares and Zhejiang Weixing New Building Materials Co.Ltd(002372) , and it is suggested to pay attention to China Liansu; Waterproof recommendation Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) ; The glass industry recommends Zhuzhou Kibing Group Co.Ltd(601636) , a flat glass faucet with relatively low valuation, and Shandong Pharmaceutical Glass Co.Ltd(600529) , a medicinal glass faucet with flexible volume and price; Recommended by glass fiber industry China Jushi Co.Ltd(600176) , Sinoma Science & Technology Co.Ltd(002080) , Shandong Fiberglass Group Co.Ltd(605006) , Jiangsu Changhai Composite Materials Co.Ltd(300196) ; Recommended water reducing agent Lets Holdings Group Co.Ltd(002398) . Main risks of rating
Risk tip: the demand for glass fiber is less than expected, and the pace of production capacity is accelerated; Industry policy risk; Rising prices of raw materials; Epidemic disturbance.
