建材行业周报:地产政策预期升温 重视建材低位白马价值

中邮证券
Nov 24, 2025

投资要点本周根据彭博报道,中国正考虑新措施以扭转其疲软的房地产市场,包括首次在全国范围内向新房购房者提供抵押贷款补贴,其他措施包括提高抵押贷款借款人的所得税退税,以及降低房屋交易成本。目前地产仍在下行通道中,10 月份销售开工竣工数据均持续下滑,与之相关后周期建材企业基本面整体触底,后续期待政策端变化,消费建材等后周期相关白马品种有望迎来估值修复。水泥:本周全国水泥市场价格环比下行,11 月北方...

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