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China Coatings Network
News:
in the first half of the year,
ntcolor' '#0000FF' building materials industry continued since last year's low growth, low prices, low investment, low efficiency "four low" situation, the downward pressure is greater.
, the growth rate shift situation is obvious. From January to June, the building materials industry above the scale achieved revenue of 2.3 trillion yuan, up 3.3% YoY, down 10.4 percentage points from the same period last year. Although the growth rate of building materials industry is higher than the industrial average, compared with the high growth rate of more than 10% in previous years, the shift situation is obvious.
second, the output of major products fell. As of June, except for fiberglass yarn and other products to maintain steady growth, other major building materials products production growth slowed or even declined. In the first half of the year, china's cement production was 1.08 billion tons, down 5.3% YoY, while flat glass production was 400 million weight boxes, down 4.2% YoY, and the output of commodity concrete, concrete pipe (piles, rods) products decreased significantly.
, product prices continue to fall. From January to June, the average factory price of building materials and non-mineral products decreased by 2.7% compared with the same period last year. The average factory price of general cement in China fell by 29 yuan/tonne compared with the same period last year, a decrease of 9.3%, and in June the price had fallen below 270 yuan/tonne. The average factory price of flat glass decreased by 5.4 yuan/weight box, or 8%, compared with the same period last year.
, corporate profits fell faster. From January to June, the building materials industry expected to report a total profit of 128 billion yuan, down 9% year-on-year, the worst level since the 1997 Asian financial crisis and a large decline from the 25% growth rate in the same period last year. From January to May, profits in the cement industry were only 9.3 billion yuan, down 64% YoY and sales margin was only 2.8%; Flat glass industry profit of 580 million yuan, down 64.8% YoY, a loss of 34.5%.
fixed asset investment slowed down. From January to June, fixed asset investment above the completion limit of the building materials industry was 685 billion yuan, up 10.5% YoY and down 3.8 percentage points from the same period last year. Investment in low energy consumption and processing products, such as construction stone mining and processing industry, light building materials manufacturing industry and technical glass manufacturing industry, maintained rapid growth, while investment in cement manufacturing and flat glass manufacturing decreased by 10.7% and 16.7% year-on-year, respectively, and the investment structure was further optimized.