Fiberglass has been dormant for a year, when will it revive?

If we dismantle the industrial chain of fiberglass, we can see that glass fiber is mainly made of kaolin, pyrophyllite, limestone and other mineral raw materials mixed in a certain ratio and then subjected to high-temperature melting and other processes. It is a key product encouraged by the country. New materials industry.
Judging from the cyclical nature of fiberglass, the price of fiberglass has experienced three cycles since 2014, with each cycle lasting about 3 years. In the latest cycle, which started at the end of 2020, the price of fiberglass has been soaring. However, starting from the third quarter of last year, with the release of industry production capacity and the impact of overseas demand, the price of fiberglass fell rapidly.

After a year of dormancy, the fiberglass industry is currently at the tail end of a downward cycle.

In the context of the overall industry entering a cold winter in the past year, the net profits of fiberglass manufacturers have declined year-on-year, which can be seen from the financial reports for the first half of 2023 released by listed companies in the fiberglass industry.