China Materials: Glass Fiber & E-Fabric - Weekly Snapshot - 20260716

研报英文原文证据摘录

China Materials: Glass Fiber & E-Fabric - Weekly Snapshot - 20260716

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19 Jul 2026 22:51:47 ET │ 11 pages

China Materials

Glass Fiber & E-Fabric - Weekly Snapshot - 20260716

CITI'S TAKE

China’s glass fiber market remained bifurcated in the week ended Jul 16.

Coarse roving prices continued to face pressure as seasonal demand

weakness persisted, with downstream processors operating at low

utilization rates and inventory gradually increasing. In contrast, electronic Anna WangAC

yarn fundamentals remained exceptionally strong. Following the latest +852-2501-2739

round of price hikes, G75 and electronic fabric prices stabilized at elevated anna.d.wang@citi.com

levels, with downstream CCL demand remaining robust. Despite stable

Jack Shang, CFA overall capacity, effective electronic yarn supply remains constrained as

newly added capacity has yet to fully ramp up and high-end product +852-2501-2441

jack.shang@citi.com availability remains limited. We continue to expect electronic yarn to

outperform, supported by tight supply-demand dynamics, low inventories Jimmy Feng

and strong pricing power. 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 Rmb3,500-3,900/ton, with the national average at Rmb3,768.5/ton, +852-2868-7813

down 0.26% WoW but up 3.27% YoY. Price pressure continued in selected regions as cynthia.d.wu@citi.com

producers prioritized shipment and inventory control amid weak demand. 2) G75

electronic yarn prices remained stable at Rmb16,800-17,500/ton, with the average

transaction price at approximately Rmb16,987.5/ton, flat WoW after the recent

sharp increases. 3) 7628 electronic fabric prices stayed elevated at Rmb8.5-