With both volume and price rising, has the fiberglass industry reached the bottom of the cycle?

First of all, improvement in the margin of supply and demand is a necessary condition for fiberglass price resumption, and collaboration can only change the pace.

The core reason for the reprice of fiberglass this time is that demand for exports, thermoplastics, and wind power has recovered, and backward production capacity has been withdrawn and cold repair capacity has increased. Inventories of industry manufacturers dropped significantly in March (the inventory days of manufacturers at the end of March were about 40 days, and the month-on-month decrease was about 6 days), and it is expected that inventories will continue to be reduced in the future; secondly, the strategies of leading companies have changed and they will no longer take the initiative to engage in price wars and adapt to The market carries out restorative price increases.

Fiberglass supply and demand are expected to reverse in 2024, and the current decline in inventories of production companies is an important signal. Against this background, the profitability of leading companies is expected to recover.