The re-pricing mode of fiberglass has been launched. What is the prospect of the industry's anti-involution initiative?
Shandong Fiberglass today (September 5) issued a "Notice of Price Adjustment", announcing that from now on, the sales prices of some fiberglass products will be adjusted. Specifically, direct yarn, special yarn for skylights, special yarn for chopped strand mats and other related products will be increased by 5%-10% per ton, which is the first shot in the price adjustment of the fiberglass industry.
The "Price Reset Notice" states that the price adjustment is based on a comprehensive consideration of current market conditions, the company's product mix adjustments, cost changes, and other factors, aiming to optimize the product supply structure and enhance the stability of operating performance. Coincidentally, the China Fiberglass Industry Association also today issued the "Proposal on Opposing Involutive Competition in the Fiberglass and Products Industry and Jointly Establishing and Maintaining a Fair and Orderly Competitive Environment." The joint initiative includes key players in the fiberglass industry, including Jushi Group, Taishan Fiberglass, International Composites, Shandong Fiberglass, Changhai Co., Ltd., Jizhong New Materials, Sichuan Weibo, Chongqing Sanlei, and Tianhao Fiberglass.The initiative aims to strengthen industry self-discipline and jointly establish and maintain a fair and orderly competitive market environment. Currently, the fiberglass and fiber products industry is plagued by issues such as redundant capacity construction and rapid expansion, imbalanced market supply and demand, and price wars, which are severely hindering the industry's high-quality development. As Nietzsche said, "When you gaze into the abyss, the abyss also gazes into you." Excessive internal competition can trap the entire industry in a vicious cycle. True progress should come from innovation and collaboration, not endless, unhealthy competition.
It can be said that this initiative comes at the right time, marking that the fiberglass industry has entered a period of deep adjustment. Short-term pain is inevitable, but in the long run, through the concerted efforts of all glass fiber companies, strengthening self-discipline, accelerating technological innovation, adjusting the production capacity structure, avoiding duplicate construction and rapid expansion of production capacity, maintaining market supply and demand balance, and curbing the momentum of vicious competition at low prices, the industry is expected to enter a healthy development track.
