Critical Materials & Supply Chain▲
Glass and Fiberglass Concept Weakens Intraday; Institutions Say Sector Poised to Return to Tight Supply-Demand Balance
On July 29, the glass and fiberglass concept fell 3.13% intraday. Among related constituent stocks, Sinoma Science & Technology dropped 6.63%, Honghe Technology fell 5.93%, Triumph Science & Technology declined 4.80%, Feilihua lost 2.83%, and Changhai Composite Materials slid 2.35%. SDIC Securities noted that driven by AI computing demand and a strong wind power market, the industry's product mix is accelerating its upgrade toward high-end offerings. In 2026, supply and demand are expected to be tight, with a clear trend of rising prices for electronic fabrics. Demand for fiberglass rovings is forecast to reach 8.02 million tons in 2026, an increase of 470,000 tons year-on-year, while new capacity remains limited, leaving room for further improvement in industry profitability. Changjiang Securities pointed out that the industry is likely to return to a tight supply-demand balance in 2026, with a clear upward trend in prosperity. A sharp rise in platinum prices has pushed up unit investment costs by more than 15%, significantly dampening companies' willingness to invest. Combined with lower new production in 2026 compared to 2025 and a bottoming-out recovery in overseas demand, prices have upward momentum. Looking ahead to 2027, the industry may face a notable supply gap.