The Export Situation Of China Refractories In Q1 2019

- Jun 05, 2019-

The Export Situation of China refractories in Q1 2019

Features of China refractories industry in Q1 2019

 

1 A large decline in output of refractory products by 548.7 thousand tons, due to the big drop of output in Henan and Shandong, respectively down by 15.8% and 47.23% YoY, partialy because of some production halts in Henan in the environmental protection process, and partialy because of the gradual implementation of 2 million tons of refractories capacity reduction plan in Zibo;

 

2 A big drop in prices of major types of refractory raw materials to different extent, coupled with the reduced profit level of major downstream industries, followed by their strong willingness to reduce purchase prices, resulting in declining prices of refractory products and further shrinking profit margins of refractory products manufacturers;

 

3 Overall decline in export quantity, trade value and average export price, seperately down by 3.71%, 6.71% and 4.20% YoY, with export quantity of refractory raw ramaterials and refractory products down 4.51% and 1.58% YoY, and average export price of raw materials and products down 4.38% and 5.09% YoY