In June, not only the glass fiber has seen a sharp increase in price, but also the resin industry. According to the resin price index released on June 3 by the "Fulcrum Smart Service" public account, the price of the raw material market has soared sharply. This week, the unsaturated resin market continued to increase by 300 yuan, of which the price of molded resin increased by 500 yuan.
There is a line in the song "Courage" that is impressive: "Love really needs courage to face rumors. As long as you look affirmatively, my love will be meaningful..." The editor wants to say that product price increases also require courage and confidence. So, where do manufacturers' courage and confidence come from?
First of all, as a high-end product in the field of glass fiber, wind power yarn has the characteristics of high industry concentration, high proportion of long-term cooperative customers, and high brand bargaining power. In the field of wind power yarn in my country, the market share of China Jushi, Taishan Fiberglass, and International Composites exceeds 90%, among which China Jushi has the highest market share. One out of every three wind turbine blades in the world uses Jushi's glass fiber.
As we all know, wind turbine blades are mainly composed of glass fiber composite materials. At present, glass fiber is still the core key material for large-megawatt low-cost blades. Driven by the demand for wind power, especially the increase in the use of large-megawatt blades, it will not only drive a significant increase in the demand for glass fiber, but also drive the demand for some carbon fiber products (mainly carbon beams). Although carbon fiber has obvious advantages over glass fiber in terms of strength and lightweight, it has obvious disadvantages from the perspective of material cost performance and insulation performance. It is unlikely that carbon fiber can achieve the same large-scale production and continuous cost reduction as the glass fiber industry in the short term. In recent years, glass fiber has been continuously upgraded, product performance and cost performance have been continuously improved, and its application has become more and more extensive.
As wind power enters the era of parity, the growth of the industry has been further strengthened. At present, the medium- and long-term installed capacity demand still has a large growth space. We know that the most effective way to reduce the cost per kilowatt-hour is to continuously expand the capacity of a single unit. Therefore, the "large-scale, lightweight and low-cost" of wind turbine blades is an inevitable trend in the development of wind power. High-performance glass fiber wind turbine yarn is still the first choice in the wind power field. Therefore, strong demand is the biggest confidence for the price recovery of glass fiber wind power yarn.
After talking about the demand level, the cost aspect cannot be ignored either. The three major glass fiber manufacturers mentioned in the price recovery letter that the cost of raw materials, labor, etc. has risen, including the investment in technology and R&D costs.
Next, let's take a look at the manufacturing PMI index, and there may be different findings:
From the data, it can be seen that in the past 12 months, only three months of the PMI index slightly exceeded the prosperity and decline balance point of 50, and the rest of the months were all in the recession range.
If the PMI index represents economic activity, represents prosperity and recession, represents expansion and contraction, then looking back at our journey this year, in fact, our economy is in a state of continuous contraction and recession.
The biggest influencing factors are still real estate and infrastructure construction. The former depends on the pockets of the people, and the latter depends on the pockets of local governments.
From January to April this year, the newly started residential area was 170.06 million square meters, a year-on-year decrease of 25.6%. That is to say, by April 2026, the area of new houses available for sale will be 25.6% lower than that in January-April 2025. In other words, the demand for quartz stone in the real estate market in January-April 2026 will continue to decline by 25.6% year-on-year compared with 2025.
Judging from the current situation of the real estate market, the demand for quartz stone will continue to decline until April 2026. This is not good news for quartz resin.
