【 Long Yan 】3000 point defense battle! Glass fiber market bottom?
2023/12/01
3000 point defense battle!
Glass fiber market bottom?
Recently, the A-share 3000 points defense battle started again!
As everyone knows, a 3,000 point defense battle is also starting in the composite material circle. Yes, that's fiberglass.
If you ask what kind of raw materials the market is the most crazy in recent years, glass fiber can definitely be the top. In 2019 to the first half of 2020, the market fell to the bottom, and the price hit a record low. Then the second half of 2020 took off and soared until early 2022, with prices hitting a record high. Since the beginning of the epidemic in Shanghai, prices have plummeted, even lower than in 2019, once again hitting a record low.
The price of most varieties of glass fiber has been cut in half since the beginning of last year, and some even cut in half and cut in half, and 3-word yarn is everywhere.
Ordinary direct yarn at the beginning of the year was barely in the 4 font, and now it has come to the edge of the 3 font. According to the market feedback, the latest price of direct yarn is concentrated in 3100-3300 yuan/ton (non-genuine yarn is not in this range). At the cost of each plant, that's a loss of one ton for every ton sold. [Long Yan] Loss! How long can the glass fiber market play?
So someone in the industry shouted out the slogan of "3000 points defense war".
This familiar slogan in the A-share has been shouted more than 50 times, the most recent loss is in October this year, October 20 A-share again fell below 3000 points.
Now the glass fiber of this "3000 points defense war", can hold? Let's just say it's stressful.
On the one hand, the demand side continues to be weak, and prices have been slowly falling for a long time. Although the wind was raised during the period, the end was a slap in the face.
On the other hand, under the stimulus of the upward market in the previous two years, large and small factories have tried hard to expand production, and even other industries have to enter the glass fiber. In the next three to five years, the industry is expected to increase by more than 6 million tons. [Long Yan] Industry expansion of 6 million tons! Who are all these glass fibers going to sell to?
The relationship between supply and demand has been unbalanced, but there are people to add vinegar, fire cooking, who can be refined into an invincible gold body, who will go up in smoke? Time will give the best answer.
Ordinary direct yarn, as the "low-end yarn" of glass fiber varieties, is a glass factory will do, so it is also the most serious category in the entire industry. Now to the most critical node, can hold the 3-word head, it depends on whether the direct yarn can resist.
Nanjing Jufa New Material Co., Ltd.
E-mail：yuan.cheng@jufa-composite.com
sales3@jufa-composite.com
Add：Building A, Chuangzhi Industrial Park, No. 37 Shenzhou Road, Lukou Street, Jiangning District, Nanjing, China
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