建筑材料行业周报：房地产市场政策不断加码，关注建材投资机会

建筑材料2025年06月29日投资评级：看好（维持）行业走势图数据来源：聚源《房地产市场边际改善，关注建材投资机会—行业周报》-2025.6.22《城市更新政策落实到位，关注建材投资机会—行业周报》-2025.6.15《城市更新释放消费潜力，关注建材投资机会—行业点评报告》-2025.6.9-24%-12%0%12%24%36%2024-072024-11建筑材料相关研究报告 1/22 2025-03沪深300 目录1、市场行情每周回顾：本周上涨2.41%，跑赢沪深300...........................................................................................................41.1、行情：本周建材板块上涨2.41%，跑赢沪深300指数0.46pct...................................................................................41.2、估值表现：本周PE为25.79倍，PB为1.10倍...........................................................................................................52、水泥板块：全国均价环比下跌，熟料库存环比上涨..............................................................................................................62.1、基本面跟踪：全国均价环比下跌，熟料库存环比上涨...............................................................................................62.2、主要原材料价格跟踪：动力煤价格环比持平...............................................................................................................92.3、水泥板块上市企业估值跟踪........................................................................................................................................113、玻璃板块：浮法玻璃价格上涨、光伏玻璃价格上涨............................................................................................................123.1、浮法玻璃：现货价格环比上涨，期货价格环比上涨，库存环比减少.....................................................................123.2、光伏玻璃：光伏玻璃价格环比下跌.............................................................................................................................133.3、主要原材料价格跟踪....................................................................................................................................................133.3.1、重质纯碱：现货价格环比下跌、期货价格环比上涨，库存环比上涨、开工率环比下降..........................133.3.2、石油焦价格环比上涨，重油价格环比上涨，天然气环比持平......................................................................143.4、浮法玻璃、光伏玻璃盈利能力跟踪.............................................................................................................................153.5、玻璃板块上市企业估值跟踪........................................................................................................................................174、玻璃纤维板块：无碱粗纱市场价格稳定为主，局部成交灵活............................................................................................174.1、无碱粗纱市场价格稳定为主，局部成交灵活.............................................................................................................174.2、玻纤板块上市企业估值跟踪........................................................................................................................................185、消费建材板块：原材料价格维持小幅波动的态势................................................................................................................195.1、原材料价格跟踪：消费建材主要原材料维持小幅波动的态势.................................................................................195.2、消费建材板块上市企业估值跟踪................................................................................................................................196、风险提示...................................................................................................................................................................................19图表目录图1：本周建材板块跑赢沪深300指数0.46pct............................................................................................................................4图2：近三个月，建材行业跑输沪深300指数4.67pct................................................................................................................4图3：近一年，建材行业跑输沪深300指数6.11pct....................................................................................................................4图4：建材子板块多数下跌，玻纤制造涨幅最大.........................................................................................................................5图5：个股方面涨多跌少................................................................................................................................................................5图6：本周建材板块市盈率PE为25.79倍，位列A股全行业倒数第15位.............................................................................6图7：本周建材板块市净率PB为1.10倍，位列A股全行业倒数第5位.................................................................................6图8：本周全国P.O42.5水泥价格环比下跌4.47%.......................................................................................................................7图9：本周全国熟料库存环比上升1.27pct....................................................................................................................................7图10：本周东北地区水泥价格环比下跌21.95%.........................................................................................................................7图11：本周东北地区熟料库存辽宁、吉林环比下降，黑龙江环比持平...................................................................................7图12：本周华北地区水泥价格环比上涨0.52%...........................................................................................................................7图13：本周华北地区熟料库存河北、山西下降，内蒙古环比上升，北京环比持平...............................................................7图14：本周华东地区水泥价格环比下跌3.54%..............