China Materials: Glass Fiber & E-fabric – Weekly Snapshot – 20260625

研报英文原文证据摘录

China Materials: Glass Fiber & E-fabric – Weekly Snapshot – 20260625

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26 Jun 2026 02:15:40 ET │ 11 pages

China Materials

Glass Fiber & E-fabric – Weekly Snapshot – 20260625

CITI’S TAKE

China’s glass fiber market remained soft in the week ended Jun 25, per

SCI, with coarse roving prices broadly stable but downstream demand still

subdued amid the seasonal slowdown. Inventory continued to build

modestly as shipment momentum remained weak. In contrast, electronic

yarn fundamentals stayed exceptionally strong. Despite new capacity Anna WangAC

coming online, supply-demand imbalance persisted as additional +852-2501-2739

capacity was largely allocated to in-house weaving and high-end anna.d.wang@citi.com

products. Low inventories across electronic yarn and electronic fabric,

Jack Shang, CFA

together with resilient CCL demand, continue to support further price

+852-2501-2441

increases. The E-fabric 7628 series is set to increase by more than jack.shang@citi.com

Rmb1.0/meter at the beginning of July per our industry checks. We remain

constructive on electronic yarn as the strongest earnings driver within the Jimmy Feng

glass fiber value chain. Maintain Buy on Jushi. +852-2501-7588

jimmy.feng@citi.com

Pricing – 1) The mainstream transaction price for 2400tex winding direct roving Cynthia Wu

remained at Rmb3,600-3,900/ton, with the national average at Rmb3,791/ton, flat +852-2868-7813

WoW and up 3.33% YoY, per SCI. Spot transactions remained soft, with some cynthia.d.wu@citi.com

producers adopting selective promotional pricing to stimulate shipments. 2) G75

electronic yarn prices held at Rmb14,000-14,500/ton, with an average transaction

price of approximately Rmb14,250/ton, per SCI, broadly flat WoW as June contract

prices continued to be executed.