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Carbon black profit drop more than 90% industry enters severe winter

wallpapers News 2020-11-24
The trend of

carbon black industry began to enter the severe winter period in 2012, even worse in 2013, the output only increased by 8.8%, which was the lowest growth rate in previous years; the profit margin of sales revenue decreased from 1.7% in 2012 to 0.16%, with a decrease rate of more than 90%. With the sharp decline of profit margin, many enterprises have been difficult to survive. " Liu Jiangshan, chairman of carbon black branch of China Rubber Industry Association chairman of Longxing Chemical Industry Co., Ltd., made a point at the fifth meeting of the eighth Executive Council presidium, poured out bitter water.

according to Liu Jiangshan, from 2002 to 2007, China's carbon black production maintained an average annual growth rate of 21.9%. After a brief correction of the global financial crisis, in 2009, with the help of the 4 trillion investment tide the introduction of the stimulus plan for the automobile industry, it continued to maintain a rapid growth of 10% in the past three years. "But in 2012-2013, the industry situation turned worse the loss area continued to exp." Liu Jiangshan said.

it is understood that at present, there are only two listed companies in the carbon black industry, they are also the top two carbon black enterprises in the domestic carbon black production capacity scale -- black cat shares Longxing Chemical. In the 2013 annual report publicly disclosed, the net profit after deducting non recurring profit loss all decreased by more than 85% year on year. In the first half of this year, the branch of

counted that the output of carbon black of enterprises completed 1.88 million tons, an increase of 9.20% compared with the same period of last year; the total profit decreased by 6.54% year on year; the profit margin of average sales revenue of the industry was only 0.75%, 34% of carbon black enterprises were in a loss state. The average selling cost of the industry is 5691 yuan / ton, while the average selling price is only 5715 yuan / ton, the gross profit per ton of carbon black is only 24 yuan. And it is very difficult to maintain the current situation. If this situation continues, it will be difficult for the whole industry to survive. " Liu Jiangshan analyzed the data of the first half of this year.

Liu Jiangshan introduced that the causes of the current situation in the industry are relatively complex. For a long time, the upstream feedstock oil of the whole carbon black industry is always in short supply, the payment must be made first then the oil must be paid. However, the dem of downstream users for carbon black products is that the payment should be made after delivery, the payment will be made after three months under normal circumstances. The financial pressure makes the whole industry breathless. In addition, the state's regulation control on industries with overcapacity such as steel coke has led to a more tight supply of carbon black feedstock oil, the price has always remained at a high level.

at the same time, tire enterprises have higher higher requirements for carbon black varieties quality stability, even some tire enterprises put forward customized service of carbon black products, carbon black enterprises have to increase the purchase use of high-end raw materials such as anthracene oil. "The original price of anthracene oil was around 300 yuan per ton, the highest price was 400 yuan. But recently, the price was as high as 600 yuan, even more than 700 yuan, which further increased the raw material cost of carbon black production."

in addition, since September 1, many provinces in China have adjusted the price of natural gas again, with an increase rate of about 13%. This is a heavy blow to the production cost of carbon black enterprises which use natural gas as fuel again. Before

, carbon black industry has made remarkable achievements in energy conservation, emission reduction resource utilization. However, with the country's increasing attention to environmental protection, the requirements for atmospheric governance are more stringent. The original requirement is that desulfurization can be achieved. Now, it is required to complete the desulfurization denitrification supporting devices by the end of 2014, the whole industry should achieve the goal in 2015. In this way, enterprises not only have to face a large one-time investment in fixed assets, but also face high equipment operating costs, which greatly increases the cost pressure of enterprises.

"carbon black industry's meager profits make it difficult for the industry to maintain simple reproduction, let alone invest in technology research development, which will also have adverse effects on the healthy development of the whole industry." Liu Jiangshan expressed concern about the development prospect of the industry.

however, the latest statistics of the China Rubber Association show that, as of August, the total profit of carbon black industry increased by 136.46% year on year. The profit margin increased slightly, from 0.82% in the same period last year to 1.83%. In this regard, Liu Jiangshan's analysis is, "after all, last year's profit base is too low.". In recent years, carbon black enterprises have made great efforts to serve the tire industry the close cooperation between the two industries is obvious to all. In any case, the carbon black industry will continue to focus on the research development of low rolling resistance carbon black varieties for green tires to reduce automobile fuel consumption exhaust gas. We hope that the cooperative customers the downstream tire industry can give the carbon black industry full understing support. " Liu Jiangshan finally made a statement.


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