Steel Industry Profit Report for the First Half of 2013

In the first half of the year, the country's cement output was 109.06 million tons, an increase of 9.7% year-on-year, an acceleration of 4.2 percentage points year-on-year; flat glass production was 389.87 million weight boxes, an increase of 10.8%, a decrease of 3.1% over the same period last year.

Cement prices fell and flat glass prices continued to rise. In June, the average ex-factory price of cement for key building materials companies was 339 yuan/ton, which was 3.7 yuan/ton lower than that of the previous month and a year-on-year decrease of 19.1 yuan/ton, down by 1.1% and 5.3% respectively. Flat glass ex-factory price was RMB 63.8/weight, which was RMB 1.4/weight box higher than the previous month, up 3.3 RMB/weight box year-on-year, or 2.2% and 5.5% respectively. At the end of June, cement stocks of key building materials companies totaled 27.76 million tons, up 0.3% year-on-year; flat glass stocks stood at 44.28 million weight boxes, up 8%.

In the first five months, the building materials industry achieved a profit of 132.15 billion yuan, a year-on-year increase of 19.9%. Among them, the profit of the cement manufacturing industry was 15.28 billion yuan, an increase of 1%; the profit of the flat glass industry was 1.04 billion yuan, compared with a net loss of 420 million yuan in the same period of last year.

In the first half of the year, the country’s crude steel production was 389.87 million tons, an increase of 7.4% year-on-year, an acceleration of 5.6 percentage points year-on-year, and steel output of 516.96 million tons, an increase of 10.2%, an acceleration of 4.1 percentage points. The output of coke was 236.59 million tons, an increase of 7.4%, an acceleration of 1 percentage point. The output of ferroalloy was 17.14 million tons, an increase of 15.2%, an acceleration of 5.9 percentage points. Billet imports 300,000 tons, an increase of 53.5%. Steel exports were 30.69 million tons, an increase of 12.8%; imports were 6.83 million tons, a decrease of 1.8%. The import of iron ore was 384.29 million tons, an increase of 5.1%. The export of coke was 1.51 million tons, an increase of 1.6 times.

Steel prices continue to fall. In June, the domestic steel price index averaged 99.15, down 4.45 points from the previous month and down 16.72 points year-on-year. The average price of 6.5mm high wire, 20mm mid-plate and 1.0mm cold-rolled coil was RMB 3,446/ton, RMB 3,607/ton and RMB 4,520/ton, respectively, down 154 yuan/ton, RMB 132/ton and RMB 140 from the previous month. / Ton, a decrease of 4.3%, 3.5%, and 3%, a year-on-year decrease of 16.9%, 13.3%, and 8.4%.

In the first five months, the steel industry realized a profit of 62.1 billion yuan, a year-on-year increase of 23.4%. Among them, the profit of the ferrous metal mining industry was 29.57 billion yuan, an increase of 7.8%; the profits of the iron and steel smelting and processing industries were 26.08 billion yuan, an increase of 43.1%.

In the first half of the year, the output of ten non-ferrous metals nationwide was 19.47 million tons, an increase of 10% year-on-year, and the growth rate accelerated by 3.3% year-on-year. The output of electrolytic aluminum was 10.58 million tons, an increase of 7.9%, slowing down by 1.8 percentage points; copper production by 12.9%, accelerating by 2.6 percentage points; lead production by 12.5%, accelerating by 3.6 percentage points; zinc production by 9.2%, down by 6.2% over the same period of last year . Alumina production increased by 10%, accelerating by 0.3%.

The price of major non-ferrous metals rebounded. In June, the average prices of copper, electrolytic aluminum, lead, and zinc for Shanghai** Exchange Exchange were 53,227 yuan/ton, 14,725 yuan/ton, 13,896 yuan/ton, and 14,535 yuan/ton, respectively, up 2.6% from the previous month. , 1.5%, 1.1% and 0.8%, down 4%, 7.7%, 8.8% and 1.6% respectively.

In the first five months, the non-ferrous metals industry realized a profit of 65.17 billion yuan, a year-on-year decrease of 7.1%. Among them, non-ferrous metal mining industry profit 25.38 billion yuan, down 4.4%; non-ferrous metal smelting and rolling processing industry profit 39.79 billion yuan, down 8.8%.

In the first half of the year, the added value of the chemical industry increased by 11.8% year-on-year, and the growth rate slowed by 0.2% year-on-year.

Among the main products, ethylene production was 7.95 million tons, an increase of 4.6% year-on-year, down 3.3% over the same period of last year; primary forms of plastic and synthetic fiber production were 28.30 million tons and 17.975 million tons, an increase of 7.8% and 4.9%, respectively, Reducing 1.6 and 7.7 percentage points; synthetic rubber production 1.98 million tons, an increase of 6.1%, an acceleration of 0.2 percentage points. Caustic soda production reached 14.06 million tons, an increase of 4.7% year-on-year, and the growth rate was 1.5 percentage points higher than the same period of last year. Soda Ash production was 12.15 million tons, a decrease of 0.3% compared with an increase of 7.5% in the same period last year. Fertilizer production was 40.18 million tons, an increase of 8.6%, which was 3.3 percentage points lower. Among them, nitrogen fertilizer, phosphate fertilizer, and potassium fertilizer output increased by 8.8%, 5.1%, and 20.1%, respectively. The output of pesticides was 1.63 million tons, an increase of 4.7%, slowing down 17.1 percentage points. The output of rubber tires was 46.23 million, an increase of 7.7%, which was 0.5 percentage point lower. The output of calcium carbide was 10.88 million tons, an increase of 10.5%, which was 2.7 percentage points higher.

The prices of chemical products monitored by the focus all fell back. In June, the average price of caustic soda (caproline) was 2,600 yuan/ton, a decrease of 5.5% from the previous month and a year-on-year decrease of 21.2%. Soda ash was 1,320 yuan/ton, a decrease of 2.9% from the previous month and a year-on-year decrease of 15.9%. Urea was 1930 yuan/ton, down by 9% from the previous month and down 18.9% year-on-year; Domestic phosphoric acid diamine was 2,970 yuan/ton, down by 7.5% from the previous month and 5.7% year-on-year; calcium carbide was 3,000 yuan/ton, down by 3.2 from the previous month. %, a year-on-year decrease of 7.7%.

In the first five months, the chemical industry realized a profit of 139.53 billion yuan, a year-on-year increase of 11.3%. Among them, the profit of the fertilizer manufacturing industry was 14.48 billion yuan, a decrease of 6.8%.