Raw material prices skyrocket, and Angang Steel expects net profit to decrease by 70% in the first three quarters

Since January of this year, iron ore prices have skyrocketed due to the impact of a dam collapse in Vale, as well as two other major iron ore suppliers, BHP Billiton and Rio Tinto, which reduced their shipments due to the March hurricane. However, several industry insiders have pointed out that as we enter the traditional consumption peak season of "nine gold and ten silver", multiple factors are intertwined, and steel prices and profit turning points may emerge. The decline of the steel industry has not yet been reversed In the third quarter, domestic steel companies have not yet completely reversed the decline caused by external factors. On October 15th, Ansteel Group's listed steel company, Ansteel Group, released a performance forecast for the first three quarters of 2019. It is expected that from January to September this year, Ansteel Group's net profit attributable to shareholders of the listed company will be 1.722 billion yuan, a decrease of approximately 74.88% compared to the same period last year. Ansteel Group stated that the main reasons for the significant decrease in net profit attributable to shareholders of listed companies during the reporting period compared to the same period last year are: firstly, the significant decline in steel prices due to factors such as the downturn in the domestic automotive and home appliance industries; Secondly, due to factors such as the collapse of the tailings dam in Brazil's Vale at the beginning of the year and the high demand for iron ore from domestic steel companies, raw material prices have increased, significantly compressing the profitability of steel companies. It is worth noting that information from Lange Steel Network shows that in the 41st week of 2019 (2019.10.8-10.11), Lange Steel's national comprehensive steel price index reached 146.7 points, an increase of 0.07% compared to before the holiday and a decrease of 13.15% compared to the same period last year. At the same time as prices have decreased, international mining giants have taken control of iron ore prices, becoming another major factor that erodes the profits of steel companies. According to the China Steel Association, at the end of September, the China Steel Price Index (CSPI) was 106.09 points, a decrease of 0.96% from the beginning of the year and a year-on-year decrease of 15.55%; During the same period, the CIF price of imported iron ore from CIOPI increased by 30.31% compared to the beginning of the year, with a year-on-year increase of 22.07%. The fluctuations in iron ore prices stem from changes in the supply of international mining giants such as Vale. On the afternoon of January 25 this year, the tailings dam of Vale's mining area in Brumadineu, Minas Gerais, Brazil, leaked, which directly led to the suspension of Vale's 93 million tons of iron ore production capacity.

2023-06-06

Enhance the application areas of PA6

Enhanced PA6 has good mechanical strength, bending stiffness, mechanical equipment shock absorption, wear resistance, electrical insulation performance, and chemical resistance. Generally used for automotive components, mechanical parts, electronic and electrical products, engineering project parts, and other commodities. Reinforced PA6 glass fiber is a high-performance structural ceramic raw material. There are various types. It has the advantages of good flame retardancy, strong temperature resistance, excellent corrosion resistance, and high mechanical strength. Generally used as a reinforcing raw material in composite materials. Used in various industries of daily life. Enhanced PA6 polyester is made by adding glass fiber to the PA6 masterbatch. To enhance its performance. PA6 reinforced polyester inherits the advantages of glass fiber and PA6. Compare with the masterbatch. PA6 reinforced polyester has stronger mechanical strength, temperature resistance, impact resistance, and dimensional reliability. Therefore. It has been well applied in many parts such as automotive engine parts, household electrical components, vehicle body parts, and pneumatic components.

2023-06-06

Plastic film production process

Plastic film production process: There are various methods for forming and processing plastic films, such as rolling, tape casting, blow molding, stretching, etc. In recent years, biaxially stretched films have become the focus of attention. In the future, biaxial stretching technology will develop more towards special functional films, such as thick film stretching, thin film stretching, and multi-layer co extrusion stretching. In recent years, in response to the increasing requirements of the packaging industry for packaging materials, the market for various functional films has developed rapidly. Plastic films produced through biaxial stretching can effectively improve the tensile properties of materials (with a tensile strength 3-5 times that of non stretched films), barrier properties, optical properties, heat and cold resistance, dimensional stability, thickness uniformity, and other properties. They have the characteristics of fast production speed, large production capacity, and high efficiency, and the market is rapidly developing.

2023-06-06

Bisphenol A and PC start ramping up mode! PA6 rebounds and rises!

Recently, in the park of BASF (China) Co., Ltd. located in Pudong New Area, Shanghai, the BASF "Characteristic Materials Asia Pacific Engineering Plastic Innovation Center Product Development and Component Testing Laboratory" was officially unveiled. The reporter learned on site that this is after BASF completed the acquisition of Solvay Polyamide (PA6.6) business in January this year, and then integrated its related research and development centers. It is reported that BASF plans to integrate the Solvay R&D center into its existing R&D facilities in Shanghai, China and Seoul, South Korea, in order to enhance its R&D capabilities, enhance its position as a solution supplier, and develop advanced material solutions for key industries. China remains our main polyamide market, and after the merger, the production and research and development of polyamides in China will expand. "Long Zhiqiang, Global Vice President of BASF's Asia Pacific Specialty Materials Department, said in an interview with reporters that after BASF completes its acquisition of Solvay's polyamide business, it can better serve customers and the market in China. He revealed that after the merger and acquisition, China accounted for over 50% of the acquired polyamide business, and the annual production of polyamide will also increase from 120000 tons to 170000 tons, becoming the largest polyamide factory in the Asia Pacific region of the enterprise. We will continue to promote innovation and overall research and development, merging polyamide research and development capabilities with BASF's global research and development network, achieving a synergistic effect of 1+1>2. "Long Zhiqiang said that in the second and third quarters of this year, BASF's performance gradually recovered, and the merged Solvay's polyamide business will have a significant positive impact on BASF. It is expected that the overall performance this year will be better than last year. Price adjustment dynamics The transaction status of Mosu Trading Platform, PA6 universal price index: 11285 yuan/ton, an increase of 158 yuan/ton compared to the previous trading day; PA6 low viscosity price index: 11225 yuan, an increase of 150 yuan/ton compared to the previous trading day; PA66 universal price index: 27600 yuan/ton, an increase of 334 yuan/ton compared to the previous trading day!

2023-06-06

What are the characteristics of enhancing PA6

The enhanced PA6 results showed an increase in glass fiber composition. The tensile strength and bending strength of raw materials have been significantly improved. And the impact compressive strength is more complex. After adding toughening agents. The ductility of raw materials has been further improved. Add 30% to 35% glass fiber and 8% to 12% toughening agent. The comprehensive structural mechanics performance of raw materials is good.

2023-06-06

Keep pushing high! PA66 daily increase of 1000 yuan/ton! PC up 900 yuan/ton!

As of 2018, the 15 member states of the agreement will cover approximately 2.3 billion people worldwide, accounting for 30% of the global population; The total GDP exceeds 25 trillion US dollars, and the region included will become the world's largest free trade zone.

2023-06-06

Complete knowledge of PP modification (including formulas)

PP is a commonly used plastic raw material and one of the commonly used modification materials. Its modification methods can be divided into four types: filling modification, strengthening and toughening modification, blending modification, and functional modification. Below is a detailed introduction for you.

2023-02-13

Introduction to commonly used general plastics, engineering plastics, and special plastics in automobiles

There are various types of plastics, and their applications in automobiles are divided into interior parts, exterior parts, and functional parts. According to the different usage characteristics of different types of plastics, plastics are usually divided into three types: general plastics, engineering plastics, and special plastics.

2023-02-13

Comparative analysis of eight common plastic modification technologies

Long fiber reinforced thermoplastic (UCRT) is a new type of lightweight and high-strength engineering structural material, which has developed rapidly in automotive applications due to its lightweight

2023-02-13

Development trend of plastic molds

The level of mold production technology is not only an important indicator of a country's product manufacturing level, but also largely determines the country's product quality, efficiency, and new product development capabilities.

2023-02-13