China Rubber Industry Association recently released statistics show that in the first quarter, the situation is significantly weaker than the rubber industry beginning last year, but the associations are expected to enter the second quarter, along with the decline in raw material prices, declining profitability of the industry will be curbed.
Rubber industry to run the first three months of basic stabilization, as well as by rising raw material costs affected profitability of the industry continued to decline. Although the export growth rate fell slightly, but still maintain a high growth rate. According to Association of tires, cycle tire, hose tape, rubber products and other 392 companies in 11 chapters the statistics, a quarter of industrial output value of 67.335 billion yuan at current prices, up 21%; to achieve sales revenue of 67.182 billion yuan, an increase of 23 %; the export delivery value of 18.887 billion yuan, an increase of 38%.
Industry realized profits of the first quarter fell 12%, profits fell 21%, which fell 28% tires, cycle tire fell 24%, carbon black, down 41%. Industry profit margin 2.87%, down 1.56 percentage points. 316 key enterprises in the 68 losses, the loss of 22%, the amount of 410 million yuan loss.
Tires in 10 key enterprises in the first quarter of professional output, production and sales of other major economic indicators, an increase in different degrees weaker than last year. Association, the official view that the reasons for this situation are based on data on the effects, but the main reason is that the bulk of natural rubber and other raw material prices rise, companies operating pressure by the economic slowdown in the production rhythm. While running various professional tendency of stabilization of the first quarter, indicating that the industry has basically curb the momentum of last year's decline into the second quarter as falling raw material prices, the industry will be showing a run to a good situation.
The article above is transfered from glow plug, and spark plug |