The hottest glass fiber industry may benefit most

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On the 26th, the Ministry of industry and information technology issued the Interim Measures for the administration of access announcements for the glass fiber industry. This document is a measure for the Ministry of industry and information technology to strengthen the administration of access to the glass fiber industry and implement the previously announced access conditions for the glass fiber industry (revised in 2012). Compared with the entry conditions for high-performance synthetic fiber industry such as glass differentiated polyester fiber, which was implemented on February 1st, 2007, the newly revised entry conditions have raised the entry threshold of the industry in terms of enterprise production layout, process and equipment, energy consumption, environmental protection and product quality. The Ministry of industry and information technology (MIIT) requires that the provincial competent industrial departments submit the application materials and review opinions of enterprises that meet the requirements of access conditions to the MIIT before the end of June each year. Enterprises that meet the access conditions after review shall be publicized on the website of the Ministry of industry and information technology

China's glass fiber output increased rapidly. In the first quarter of this year, the national glass fiber output was 703000 tons, an increase of 11% year-on-year. Analysts believe that the improvement of the access conditions of the glass fiber industry is conducive to curbing the repeated construction and blind expansion of the industry, alleviating the current situation of overcapacity, controlling the blind expansion momentum of the production capacity of low-grade glass fiber products, promoting the upgrading of industrial structure and the healthy development of the industry, and bringing benefits to the development of leading enterprises in the industry

Hongyuan Securities said that the driving force for the development of China's overall glass fiber industry lies in: (1) the recovery of the global economy; (2) Under the low-carbon background, the replacement scope of composite materials for traditional materials is expanded; (3) The continuous transfer of glass fiber downstream industry to China driven by technology

the future development direction of China's glass fiber enterprises lies in: (1) relying on the coordinated development of industrial alliance in the short term, reversing the single management mode in the long term, and opening up the whole industrial chain; (2) Technological innovation leads the product so that it cannot stretch freely and upgrade its structure to high-end; (3) Customized solutions for products and services to create unique core competitiveness

low carbon economy is optimistic about glass fiber replacement. With the gradual economic recovery in Europe and the United States, the demand for glass fiber is expected to warm up. In addition, the current supply side capacity is under control, and there will be little pressure on supply and demand in the future. In addition, in terms of strength price and energy consumption per cubic meter, glass fiber is only 40% of steel and 10% of aluminum. In the future, replacing traditional materials will increase the output value of the global glass fiber industry by at least four times

Hongyuan Securities said that the industry recommended targets were China Fiberglass and Changhai shares. As the leader of upstream fiberglass yarn, China's fiberglass has strong background funds from central enterprises, and its production capacity ranks second in the world. In the second half of the year, the demand for European and American economic stimulus is expected to rise; As a new leader in glass fiber products downstream by measuring its output voltage, Changhai shares has doubled the production capacity of glass fiber felt products through raising investment, and initially achieved vertical coordination in the upstream, middle and downstream of the industrial chain, gaining technical barriers and cost advantages, entering a high-speed growth stage

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