Editor's Note: 2018 is the first year of the full implementation of the spirit of the 19th Party Congress. Looking back on 2018, the national economic operation adheres to the general tone of work in a steady and progressive manner, and maintains sustained and healthy development in accordance with the requirements of high-quality development. China's refractory industry strives to adapt to the new concept, new environment and new requirements for economic operation from high-speed growth to high-quality development, and actively responds to the new situation faced by the refractory industry in the new era and overcomes the impact of various difficulties and unfavorable factors. Seizing the favorable opportunities for the development of major downstream industries such as steel, building materials and non-ferrous metals, and improving their profitability, the whole industry has been healthy and stable, and the output, output value and profit have all grown, and the overall management quality and efficiency have improved significantly. Excellent performance. In 2018, the national output of refractory raw materials was 2,345.22 million tons, up 2.30% year-on-year; the total import and export trade of refractory raw materials was 4.44 billion US dollars, up 34.26% over the same period of the previous year; the total export volume of refractory raw materials was 6.354 million tons, down 0.54% year-on-year. However, the following problems still exist: (1) Although the operating quality of refractory products manufacturing enterprises has increased by a large margin year-on-year, the actual benefits are still lower than the average level of national industrial enterprises; (2) the loss-making face of loss-making enterprises has decreased, and the loss has increased significantly. (3) A slight increase in accounts receivable is still the main factor affecting the safety of production enterprises. These should attract enough attention from the majority of colleagues in the industry.

The theme of the first issue of this year's briefing was Secretary General Xu Dianli's review of the industry situation in 2018 and the forecast of the industry market in 2019. I hope that Secretary General Xu's comprehensive analysis and analysis can help you understand the operation of the industry and existing problems. The situation has a clear understanding.

In the new year, we hope that all enterprises will further consolidate their business foundation, strengthen their internal operation and management, improve quality and efficiency, and strive for development, and make positive contributions to the improvement of industrial concentration in the refractory industry and the realization of high-quality development. Strive to create a new era of China's refractory industry in a new era!
Production and operation of national refractory industry in 2018 and prediction of refractory market in 2019

        I. Overall operation of industrial enterprises above designated size

In December 2018, the added value of industrial enterprises above designated size increased by 5.7% year-on-year (the growth rate of the added value is the actual growth rate after deducting the price factor), and the growth rate is 0.3 percentage points higher than that in November; the chain growth is 0.54%. In the whole year of 2018, the added value of industrial enterprises above designated size increased by 6.2% year-on-year, and the growth rate dropped by 0.1 percentage points from January to November.

In 2018, among the 41 major industrial sectors, the total profit of 32 industries increased compared with the previous year, and 9 industries decreased.

In 2018, the industrial enterprises above designated size achieved a revenue of 102.2 trillion yuan, an increase of 8.5% over the previous year; the cost of the main business occurred 85.7 trillion yuan, an increase of 8.3%;

In 2018, the total profits of industrial enterprises above designated size reached 6.64 trillion yuan, a year-on-year increase of 10.3%; the profit rate of main business income was 6.49%, an increase of 0.11 percentage points over the previous year.

At the end of 2018, the accounts receivable of industrial enterprises above designated size were 14.3 trillion yuan, an increase of 8.6% over the previous year; the inventory of finished products was 4,311.91 billion yuan, an increase of 7.4%.

In 2018, the cost per 100 yuan of main business income of industrial enterprises above designated size was 83.88 yuan, a decrease of 0.2 yuan over the previous year; the cost per 100 yuan of main business income was 8.7 yuan, an increase of 0.02 yuan; The realized main business income was 93.3 yuan, an increase of 1.6 yuan; the per capita main business income was 1.287 million yuan, an increase of 145,000 yuan; the finished goods inventory turnover days was 17.2 days, unchanged from the previous year; the average payback period of accounts receivable For 47.4 days, increase by 0.3 days.

Second, the production and operation of the refractory industry

(1) Production and operation

In 2018, according to the association statistics, the national refractory output was 23.452 million tons, an increase of 2.30%. Among them, densely shaped refractory products were 13.237 million tons, up 2.33% year-on-year; thermal insulation refractory products were 541,100 tons, up 5.14%; unshaped refractory products were 9.637 million tons, up 2.10% year-on-year.

2018 refractory key counties (cities) operating income and tax status

area


Income (100 million yuan)


Tax (100 million yuan)

Dashiqiao City


295


19.8

Sea city


About 200


About 25

Xinmi City


200


8.27

Yixing City


62.5


4.5

Xiaoyi City


55.72


3.12

Changxing County


51.2


3.1

Yangquan Suburb


45.7


5.18


(II) Import and export trade situation

In 2018, the total import and export trade of refractory raw materials nationwide was 4.444 billion US dollars, an increase of 34.26% over the same period of the previous year. The export trade volume was 4.169 billion U.S. dollars, a year-on-year increase of 35.55%; the import trade volume was 275 million U.S. dollars, a year-on-year increase of 17.24%.

The total export volume of refractory raw materials nationwide was 6.354 million tons, a year-on-year decrease of 0.54%. The export volume of refractory raw materials was 4,495,500 tons, down 3.10% year-on-year; the export volume of refractory products was 1,805,400 tons, up 6.54% year-on-year.

(1) Export of main refractory raw materials

Refractory raw material export volume in 2018

   Variety

index


Fused magnesia


Sintered magnesia


Refractory aluminous clay


Brown corundum


White corundum


graphite


Silicon carbide

Export amount

(10,000 tons)


52.39


98.92


78.93


53.04


22.39


13.47


37.28

Year-on-year (%)


22.33


11.88


-22.94


-17.37


1.05


-11.58


-2.92

The total export volume of fused magnesia and sintered magnesia was 1.531 million tons, accounting for 33.26% of the total export of refractory raw materials.

(2) Export of refractory products

Refractory products export volume in 2018

   Variety

index


Alkaline refractory products


Aluminum silicon refractory products


Other refractory products

Export volume (ten thousand tons)


96.69


68.62


15.23

Year-on-year (%)


7.19


0.62


37.74

 The export volume of alkaline refractory products accounts for 53.56% of the total exports of refractory products.

Third, the production and operation of major downstream industries

(1) Operation of the steel industry

1. Production and operation of China's steel industry

In 2018, the national crude steel output was 928 million tons, an increase of 6.6% over the previous year. The growth rate was 0.9 percentage points higher than the previous year; the steel output was 1.106 billion tons, an increase of 8.5%, an increase of 7.7 percentage points.

2. Production situation of the world steel industry

According to the statistics of the World Steel Association, the global crude steel output (66 countries and regions) reached 1.79 billion tons in 2018, a year-on-year increase of 4.5%. Except for a slight decrease in total in Japan and the EU (28), crude steel production in other countries and regions in the world has increased to varying degrees. China's crude steel production accounts for 51.87% of the global total.

(II) Production and operation of building materials industry

In 2018, the national cement output was 2.177 billion tons, up 3% from the previous year, down 0.2% in the previous year; clinker production was 1.422 billion tons, up 3.56% year-on-year.

The output of flat glass was 869 million weight boxes, an increase of 2.1%, and the growth rate dropped by 1.4 percentage points from the previous year.

(3) Production and operation of non-ferrous metals industry

In 2018, the output of ten non-ferrous metals in the country was 56.88 million tons, an increase of 6% over the previous year, and the growth rate was increased by 3 percentage points over the previous year. Among them, copper output was 9.03 million tons, up 8%, up 0.3 percentage points; electrolytic aluminum output was 35.8 million tons, up 7.4%, up 5.8 percentage points; lead output was 5.11 million tons, up 9.8%, up 0.1 percentage point; 5.68 million tons, down 3.2%, a decrease of 2.5 percentage points over the previous year. The output of alumina was 72.53 million tons, an increase of 9.9%, and the growth rate was 2 percentage points higher than the previous year.

Fourth, refractory materials and main downstream industry operating characteristics

(1) Operation characteristics of refractory industry

1. The output of refractory materials increased slightly

In 2018, the national refractory production increased under the four consecutive years of decline, with a year-on-year increase of 2.30%; the main reason was that the operation of major downstream industries showed a growth trend, and the demand for refractory materials increased. In particular, the demand for silica brick market increased by a large margin, with output increasing by 39.97% year-on-year; the output of magnesium refractory products increased by 29.95% year-on-year. In addition to the increase in market demand, the increase in export volume was higher, and the 2017 inventory was also one of the main factors.

2. The volume of export trade hit another record high and the quality of export trade improved significantly.

In 2018, the export trade volume of refractory raw materials and products exceeded US$4 billion for the first time, reaching US$4.169 billion, a record high. The export volume of refractory raw materials also exceeded US$2 billion for the first time. It shows a good situation in which the growth rate of export trade is higher than the increase in export volume, and the quality of export trade has improved significantly.

(1) The export trade of refractory raw materials showed a good situation in which the export volume decreased and the export trade volume increased at a high rate.

In 2018, the export volume of refractory raw materials decreased by 3.10% year-on-year, and the export trade volume increased by 27.25%, which was 30.35 percentage points higher than the increase in export volume.

In particular, the export volume of fused magnesia, sintered magnesia, natural flake graphite and refractory aluminous clay increased by 64.77, 73.19, 36.31 and 22.37 percentage points respectively.

(2) The export of refractory products increased at a high rate

In 2018, the export volume of refractory products increased by 6.54% year-on-year, and the export trade volume increased by 47.28%, which was 40.74 percentage points higher than the increase in export volume. The growth rate of export trade volume of alkaline refractory products was 52.32 percentage points higher than that of export volume; the growth rate of export trade volume of aluminum silicate refractory products was 23.27 percentage points higher than that of export volume; the growth rate of export trade of other refractory products was 14.45 higher than that of export volume. percentage point.

The export volume of alkaline refractory products accounts for 53.56% of the total exports of refractory products (excluding unshaped refractory materials).

(3) The average export price of refractory raw materials and products rose across the board

In 2018, the national average price of refractory raw materials exports increased by 36.29% year-on-year, of which the average price of refractory raw materials exports increased by 31.32% year-on-year; the average price of refractory products exports increased by 38.25%.

The average export prices of the main refractory raw materials such as sintered magnesia, fused magnesia, refractory aluminous clay, brown corundum and natural flake graphite increased by 65.42%, 52.94%, 29.03%, 22.66% and 41.08%, respectively.

The average export prices of alkaline refractory products, aluminum-silicon refractory products and other refractory products increased by 48.81%, 23.13% and 10.49% respectively.

(II) Operation characteristics of major downstream industries

1. Production continues to grow

In 2018, the output of major downstream industries maintained steady and sustained growth. The national crude steel, cement, flat glass and non-ferrous metals production increased by 6.6%, 3.0%, 2.1% and 6.0%, respectively. Crude steel output exceeded 900 million tons, a record high.

2, product prices fluctuate at high levels

In 2018, the prices of major downstream industries were generally at a high level, showing a downward trend at the end of the year.

The steel composite price index averaged 115.8 points, a year-on-year increase of 7.6%. In the first half of the year, the price was basically stable at 110~120 points. Since July, the price has continued to rise. By November, steel prices began to fall rapidly. As of the end of December, it fell to 107.1 points, down 13% from the highest point of the year.

The national average ex-factory price of general cement was 396.7 yuan/ton, up 22% year-on-year; the average ex-factory price of flat glass was 75.7 yuan/weight box, up 3.5% year-on-year.

The average price of copper and lead in the non-ferrous metals industry rose by 2.9% and 4.1% respectively year-on-year, with the growth rate falling by 26 and 22 percentage points year-on-year. The average price of aluminum and zinc decreased by 1.8% and 1.7% year-on-year.

3. The quality of management has improved significantly.

In 2018, in addition to the decline in the efficiency of the non-ferrous metals industry in the major downstream industries, the economic benefits of other industries have improved significantly, creating the best level in history.

The main business income of the steel industry was 7.65 trillion yuan, a year-on-year increase of 13.8%; the profit was 470.4 billion yuan, a year-on-year increase of 39.3%. Among them, the main business income of large and medium-sized iron and steel enterprises was 4.13 trillion yuan, a year-on-year increase of 13.8%; the profit was 286.3 billion yuan, a year-on-year increase of 41.1%, and the profit rate reached 6.93%.

The main business income of cement was 882.3 billion yuan, a year-on-year increase of 25%, and the profit was 144.6 billion yuan, an increase of 114%. The main business income of flat glass was 76.1 billion yuan, a year-on-year increase of 7.2%, and the profit was 11.6 billion yuan, an increase of 29.1%.

The main business income of non-ferrous metals enterprises was 5.43 trillion yuan, an increase of 8.8% year-on-year; the profit was 185.5 billion yuan, down 6.1% year-on-year. Among them, the profit from mining industry was 41.6 billion yuan, which was flat year-on-year; the profits from smelting and processing industries were 679 and 75.6 billion yuan respectively, down 10.2% and 5.6% year-on-year. In particular, the aluminum industry realized a profit decline of 40.1% year-on-year.

(III) Brief analysis of the operation of key enterprises of refractory materials

In 2018, through a survey of the operating conditions of 68 key refractory enterprises, various economic and technical indicators continued to grow in 2017.

The output of refractory materials (including some refractory raw materials) was 942.05 million tons, up 4.29% year-on-year; the sales income was 55.728 billion yuan, up 38.67% year-on-year; the profit was 4.372 billion yuan, up 96.89% year-on-year. It shows that the increase in sales revenue is higher than the increase in output, and the profit growth rate is higher than the increase in sales revenue. The management quality and production concentration are obviously improved, and the overall operation is stable. However, the following problems still exist:

1. Although the operating quality of refractory products manufacturing enterprises has increased by a large margin year-on-year, the actual benefits are still lower than the average level of national industrial enterprises.

In 2018, the key enterprises of refractory materials realized a year-on-year increase of 96.89% in profit, and the profit rate of main business income was 7.84%, which was 1.35 percentage points higher than the average profit rate of the main business income of industrial enterprises in China. The growth rate was considerable. However, after deducting the pure refractory raw material production enterprises, the profit rate of the main business income of 60 refractory products manufacturing enterprises is 6.51%, which is 0.02 percentage points higher than the national industrial enterprise average. However, some manufacturers of refractory products also have refractory raw material production. buckle