建材行业周报：行业反内卷提级建材周期板块或迎改善

财通证券2025-07-13

工业数据持续走弱，反内卷重视提级。从工业品价格数据看，6 月份PPI指数继续下降，目前已连续多个月下跌，而工业品价格的持续下降，也带来各行业的利润承压。从去年开始，各个行业纷纷开展自下而上式的自救，但收效平平，因而后续自上而下式的反内卷或逐步在各行业推动。行业筛选：复盘2015 年的供给侧，需求是关键，供给是催化，因而水泥价格在供给收缩的背景下，受棚改和基建需求刺激价格持续上涨，企业利润达到历史...

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建材行业周报：行业反内卷提级 建材周期板块或迎改善

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建材行业周报：行业反内卷提级建材周期板块或迎改善