Recently, the fiberglass commercial yarn market has bottomed out and rebounded, and major fiberglass manufacturers have increased the prices of direct yarn, plied yarn and other fiberglass products.

At the end of last year, the industry's overall production capacity had shrunk significantly. It can be seen from the data released by the China fiberglass Industry Association that the total output of chi kiln yarn in my country will reach 6.87 million tons in 2023, a year-on-year increase of 6.6%. (The total output of Chiyao yarn in 2022 is 6.44 million tons, an increase of 430,000 tons). Capacity expansion has slowed down significantly.

Since February and March this year, as the weather has gotten warmer, construction, infrastructure, new energy and other general industrial projects have begun to commence, and the market has gradually recovered. Wind power, automobiles, electronics and construction are the four traditional market segments of fiberglass. , the new year will continue to provide stable market demand. New applications of photovoltaic frames may achieve 10,000-ton shipments. The traditional field is less likely to weaken further. The supply and demand relationship is expected to improve marginally. The improvement in demand has also strengthened the fiberglass industry. The confidence of enterprises is that the production capacity of the fiberglass industry may be released in an orderly manner this year: