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

研报英文原文证据摘录

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

Flash |

02 Jul 2026 11:49:07 ET │ 11 pages

China Materials

Glass Fiber & E-fabric – Weekly Snapshot – 20260702

CITI’S TAKE

China’s glass fiber market remained weak in the week ended Jul 2, with

coarse roving prices stable but demand continuing to soften amid the

seasonal slowdown. Downstream processors maintained low operating

rates and inventory digestion remained challenging. In contrast, electronic

yarn fundamentals strengthened further, with July contract prices seeing Anna WangAC

another sharp increase. Despite new electronic yarn capacity coming +852-2501-2739

online, effective supply remained constrained due to cold repairs, product anna.d.wang@citi.com

mix upgrades and limited spot availability. Supply-demand tightness

Jack Shang, CFA

across electronic yarn and electronic fabric remains evident, supporting

+852-2501-2441

strong pricing power and reinforcing our positive view on the electronic jack.shang@citi.com

materials cycle. Maintain Buy on Jushi.

Jimmy Feng

+852-2501-7588

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

jimmy.feng@citi.comremained at Rmb3,600-3,900/ton, with the national average at Rmb3,791/ton, flat

WoW and up 3.33% YoY. Spot transactions remained weak, with selective Cynthia Wu

promotional pricing still observed in some regions. 2) G75 electronic yarn prices +852-2868-7813

increased sharply, with mainstream transaction prices reaching Rmb16,500- cynthia.d.wu@citi.com

17,000/ton, implying an average price increase of approximately 15.0% WoW.

Monthly contract prices rose by roughly Rmb2,500/ton at the beginning of July. 3)

7628 electronic fabric prices increased further to Rmb8.5-8.7/meter, up around

Rmb1.2/meter from the previous round of pricing.