Last Friday (May 17), China Jushi, Changhai shares were released price adjustment letter, China Jushi on the company’s specifications for each type of chopped strand mat product price restoration adjustments, the full range of specifications according to different varieties of 300-600 yuan / ton price resumption. Changhai shares increased the price of different series of chopped strand mat by RMB300-400 per ton for Changhai and Tianma chopped strand mat among the group companies.
Glass fiber products follow the rise, the industry inflection point signal to strengthen. The price increase is the glass fiber industry since March 25th, April 13th after the third round of price increases, price increase range is mainly chopped strand mat products, while the previous two rounds of price increases are mainly coarse and fine yarn, thin cloth. Chopped strand mat is the glass fiber raw silk short cut into a certain length, randomly settled on the conveyor belt, and then with powder or emulsion bonding agent will be these chopped strand mat bonded together, belonging to the secondary products of glass fiber. The raw filaments used to make the chopped strand mat are felting yarns, which are categorized as combining yarns. The bottom of the glass fiber cycle in the past two years, felt yarn and sheet yarn is the most pressure of the glass fiber yarn varieties, but also this round of the first price increase of glass fiber varieties. In the background of the felt yarn price increase, the profitability of glass fiber chopped strand mat is under pressure, the price increase belongs to the price transmission from yarn to products.
Chopped strand mat downstream is mainly automobile roof, large industrial storage tanks, transparent panels, yacht shells, cargo compartments, etc., can play a role in strengthening the structural strength, reduce the weight of the structure, to enhance the sound and thermal insulation properties, etc., the price of smooth conduction or can be sideways proof of the recovery of demand for automobiles and industrial and so on.
Price increase, factory inventory decline, price smooth conduction is an important short-term signs of the industry chain cycle inflection point. The previous two rounds of glass fiber raw silk prices, 3, 4 two months of glass fiber industry inventory rapid decline has met the first two of the three major signs, and this round of glass fiber products price increases to meet the third major signs, the cycle of upward signal to further enhance. Further, if the de-inventory smooth, downstream demand signal enhancement, industry profit repair or sustainable.
Short-term view: profitability, glass fiber cost is relatively solid, this round of glass fiber roving and yarn, thin cloth rose, industry profitability is expected to get a big boost.
In the medium and long term: as an alternative enhancement material, glass fiber and other materials composite can greatly enhance the product performance, cost-effective alternative to other materials is an important competitiveness of glass fiber. The glass fiber industry has experienced two years of cycle bottom, the price continues to be at a low level, to develop more application scenarios to broaden the scope of demand. The performance of glass fiber products with the formula, pool kiln process continues to refine and gradually improve, the growth of the product performance itself is expected to further expand its application areas.
Shanghai Orisen New Material Technology Co., Ltd
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Email: grahamjin@jhcomposites.com
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Post time: May-23-2024