JPM | Building Broadcast: SIKA, DG: JPMC Construction Daily

研报英文原文证据摘录

JPM | Building Broadcast: SIKA, DG: JPMC Construction Daily

Elodie Rall AC Europe Equity Research

(44-20) 7134-5911 06 July 2026 J P M O R G A N

elodie.rall@jpmorgan.com

momentum slightly down with costs slightly up; volume indicators continue to show more

optimism in Europe

First Principles - Building Materials 101 Sector Primer - 2026 Edition

First Principles - US Roofing Deep Dive

Americas Construction Materials 4Q Preview: Focus Turns to 2026 Amid Ongoing Demand

Headwinds; No Major Surprises Expected for 4Q

European Building Materials Remain more cautious on Lightside into results although

potential for some clearing events; Upgrading Rockwool to OW and placing Howdens on

Negative Catalyst Watch

European Building Materials Construction Pulse December Edition: Early 2026 look shows

price momentum and costs slightly up; volume indicators still more ‘green’ in Europe

European Cement: EU ETS V Edition Only the cleanest will thrive

European Building Materials Construction Pulse November Edition: Price Momentum very

slightly down though still seeing 2026 announcements; costs up m/m; volume indicators still

showing green shoots in Europe

European Building Materials 2026 Outlook: Sticking with a Heavy tilt

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Construction for European Building Materials and Infrastructure

Kingspan: Near term risk/reward more positive; placing on positive catalyst watch

European Building Materials Construction Pulse October Edition: Price Momentum still

slightly up with 2026 announcements starting; costs still down m/m; volume indicators still

European Cement EU announces €2.9bn Innovation Fund; closer look at cement projects