Since the economic crisis, glass fiber companies at home and abroad have been forced to suspend production and production, and the proportion of production cuts in Europe has reached more than 50%. At present, the total capacity of six companies including China Glass Fiber, OCV, Chongqing Composite, PPG, JM, and Taishan Fiberglass accounted for 83% of the world's total. In 2010, all glass fiber companies resumed production, but the rate of new production capacity slowed down obviously. At present, the inventory of backlogs is basically completed. The supply and demand structure of the glass fiber industry continues to improve, and it is expected to enter a strong rebound phase after recovery.
Domestic demand expanded and foreign sales resumed. Market structure was both internal and external. Glass fiber prices continued to rise. Since the economic crisis, glass fiber exports have fallen sharply. Under the drive of domestic autos, pipelines and rail transportation, the apparent consumption of domestic fiberglass has maintained rapid growth. With an annual growth rate of 15%, it has filled the vacancy in the export market to a certain extent and formed a situation to support foreign residents. In 2010, the export situation has clearly improved, especially the demand for short cut yarns. With the beginning of the inventory replenishment in the durable consumer goods market in Europe and America, the demand for glass fiber will further increase. In the current period of limited capacity growth and gradual recovery of demand, glass fiber prices have a higher probability of rise, and corporate profitability is expected to increase further.
Glass fiber products have excellent performance and a wide range of downstream requirements, and have become an essential raw material for construction, transportation, electronics, electrical, chemical, environmental protection, military defense and other fields. Among them, the demand for rail transit, high-speed rail sleepers, water diversion and oil pipelines was strong, and the growth rate was the largest; the demand in the automotive and construction sectors remained stable; the growth of electronic copper clad laminates and wind power blades slowed down. Overall, the glass fiber industry has entered the era of demand. Focus on the key companies of China Glass Fiber, Yuntianhua, Sinoma Technology, and Jiuding New Materials.
Domestic demand expanded and foreign sales resumed. Market structure was both internal and external. Glass fiber prices continued to rise. Since the economic crisis, glass fiber exports have fallen sharply. Under the drive of domestic autos, pipelines and rail transportation, the apparent consumption of domestic fiberglass has maintained rapid growth. With an annual growth rate of 15%, it has filled the vacancy in the export market to a certain extent and formed a situation to support foreign residents. In 2010, the export situation has clearly improved, especially the demand for short cut yarns. With the beginning of the inventory replenishment in the durable consumer goods market in Europe and America, the demand for glass fiber will further increase. In the current period of limited capacity growth and gradual recovery of demand, glass fiber prices have a higher probability of rise, and corporate profitability is expected to increase further.
Glass fiber products have excellent performance and a wide range of downstream requirements, and have become an essential raw material for construction, transportation, electronics, electrical, chemical, environmental protection, military defense and other fields. Among them, the demand for rail transit, high-speed rail sleepers, water diversion and oil pipelines was strong, and the growth rate was the largest; the demand in the automotive and construction sectors remained stable; the growth of electronic copper clad laminates and wind power blades slowed down. Overall, the glass fiber industry has entered the era of demand. Focus on the key companies of China Glass Fiber, Yuntianhua, Sinoma Technology, and Jiuding New Materials.
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