Views: 2 Author: Site Editor Publish Time: 2024-05-27 Origin: Site
Fiberglass products followed the rise, and the industry's turning point signal was further strengthened. This price increase is the third round of price increases in the fiberglass industry since March 25 and April 13. The price increases mainly cover chopped strand felt products, while the previous two rounds of price increases mainly focused on rovings and spun yarns. thin cloth.
Chopped strand mat is a secondary product of glass fiber, which is made by cutting glass fiber strands into a certain length, randomly settling on the conveyor belt, and then using powder or emulsion adhesive to bond these chopped fibers together.
The raw yarn used to make chopped strand felt is felt yarn, which is classified as plied yarn. At the bottom of the fiberglass cycle in the past two years, felt yarn and plate yarn have been the most pressured fiberglass yarn varieties, and they are also the first fiberglass varieties to increase prices in this round. In the context of felt yarn price increases, the profitability of glass fiber chopped strand mats is under pressure. This price increase is a price transmission from yarn to finished products.
The downstream products of chopped strand mat are mainly automobile roofs, large industrial storage tanks, transparent plates, yacht shells, truck bodies, etc., which can enhance structural strength, reduce structural weight, enhance sound and heat insulation performance, etc. The smooth transmission of prices may be confirmed later. Recovery in demand from automobiles and industries.
Rising prices, falling factory inventories, and smooth price transmission are important short-term signs of the turning point of the industrial chain cycle. In the previous two rounds of price increases for fiberglass raw filaments, the rapid decline in inventories in the fiberglass industry in March and April has met the top two of the three major marks, while this round of price increases for fiberglass products has met the third major mark, signaling a further upward cycle. Enhance. Furthermore, if destocking goes smoothly and downstream demand signals strengthen, industry profitability may be restored or sustainable.
In the short term: In terms of profitability, the cost of fiberglass is relatively stable. After this round of increases in fiberglass roving, spun yarn, and thin cloth, the industry's profitability is expected to be greatly improved.
Mid- to long-term view: As an alternative reinforcing material, glass fiber combined with other materials can greatly enhance product performance. Cost-effectiveness is an important competitiveness of glass fiber in replacing other materials. The fiberglass industry has experienced the bottom of the two-year cycle, with prices continuing to remain low, and more application scenarios have been developed to broaden the scope of demand. The performance of glass fiber products is gradually improved with the continuous refinement of formulas and tank kiln processes. The growth of product performance itself is expected to further expand its application fields.
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