中邮·建筑建材|周观点:“反内卷”升温,商品价格上涨显著

中邮证券研究所
29 Jul

核心观点国内市场:投资要点本周“反内卷”情绪升温:对于水泥、玻璃、玻纤大宗商品品种影响明显,行业在政策预期下有了产能出清的抓手,目前行业价格及盈利均在底部,在政策催化下有望基本面迎来长期趋势改善。水泥:7月1日水泥协会发布响应反内卷政策文件,我们判断会推动限制超产政策更好的执行。从中期维度来看,水泥行业产能有望在限制超产政策下产能持续下降,产能利用率从而大幅提升,目前水泥行业处于淡季需求低点及价格...

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