China Construction Materials: Glass Fiber & E-Fabric - Weekly Snapshot - 20260723

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China Construction Materials: Glass Fiber & E-Fabric - Weekly Snapshot - 20260723

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30 Jul 2026 01:24:42 ET │ 11 pages

China Construction Materials

Glass Fiber & E-Fabric - Weekly Snapshot - 20260723

CITI'S TAKE

China’s glass fiber market remained bifurcated in the week ended Jul 23.

Coarse roving prices remained under pressure, with demand recovery still

limited amid high temperatures and rainfall, resulting in weak

downstream operating rates and limited procurement enthusiasm. While Anna WangAC

supply remained stable, inventory pressure continued to build modestly. +852-2501-2739

In contrast, electronic yarn fundamentals remained strong. G75 and 7628 anna.d.wang@citi.com

electronic fabric prices were stable after recent increases, but supply

Jack Shang, CFA tightness persisted as new capacity has yet to translate into meaningful

effective supply. CCL customers continued to actively secure materials, +852-2501-2441

jack.shang@citi.com while multiple high-end specifications remained in shortage. We remain

positive on electronic yarn, supported by structural supply constraints, Jimmy Feng

low downstream inventories and resilient AI-related demand. Reiterate +852-2501-7588

Buy on China Jushi. jimmy.feng@citi.com

Cynthia Wu

Pricing – 1) The mainstream transaction price for 2400tex winding direct roving +852-2868-7813

remained at Rmb3,500-3,900/ton, with the national average at Rmb3,768.5/ton, cynthia.d.wu@citi.com

down 0.26% WoW but up 4.15% YoY, per SCI. Most producers maintained stable

quotations, although actual transactions remained weak and flexible negotiations

continued. 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. 3)