The rising price of glass fiber board is surging
Release time:
2024-07-16 14:12
Source:
Jushi believes that 2021 is expected to go up throughout the year, 2021 the price increase in the first half of the year will be a high probability, and there is uncertainty in the second half of the year
1. Glass Fiber Market Forecast
1. Demand side
Driven by the certainty of a recovery in automotive, electronics and overseas demand, demand for fiberglass is likely to be better in 2021 than in 2020.
2. Supply side
The incremental supply in 2021 is between 50 and 600000 tonnes, which is still limited compared to the capacity release of over 1 million tonnes in 2018-2019.
3. Price side
2020 the fourth quarter of the roving and products are still a structural price increase (such as thermoplastic yarn, early January off-season rise of 200 to 500 yuan/ton range),2021 is still expected to have a full price increase, the price of a record high will be a high probability event.
4. Electronic cloth
At the current point in time, the mainstream price of 7628 cloth has reached 5.3~5.5 yuan/meter. Enterprises are generally optimistic about the price outlook of electronic cloth in 2021. Jushi believes that 2021 is expected to go up throughout the year. 2021 the price increase in the first half of the year will be a high probability, and there is uncertainty in the second half of the year, the average price of 7 yuan/meter in the second quarter is given.
exceed market expectations.
Overall, the off-season price increase of glass fiber roving and electronic cloth has exceeded market expectations, and looking forward to 2021, here is that the path of glass fiber price increase is expected to continue, it is expected that China's boulder 2021 performance consensus is expected to continue to refresh the forecast (is expected to be raised again, to 45 to 5 billion yuan).
Driven by a wave of price increases in world commodities (coal, iron, aluminum) in early 2021, various raw materials in peripheral markets have increased in price to varying degrees, which is an important signal of a global economic recovery after the epidemic. In the wave of resumption of production activities in the world economy, it is expected that the trend of rising raw material prices in the first half of 2021 will continue, and even in some production areas, there will be a shortage of raw material stocks and production cuts.
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