In February 2024, the composite material raw material price index increased by 1.62% month on month and 9.58% year-on-year, closing at 122.89 points. The product price index is 113.29 points, although it decreased by 0.17% month on month, it increased by 0.54% year-on-year. The prosperity index of the composite materials industry is 105.00 points, above the boom bust line, indicating that the industry is operating well.
The weather is getting warmer, and the construction industry is about to start construction. The composite material market orders are expected to increase. The support of the country for new productive forces and the widespread application of composite material products indicate a broad market prospect. Therefore, the composite materials industry is expected to continue to improve in March 2024, and the product price index may steadily rise.
