According to the National Bureau of Statistics, in the first half of 2018, the national coatings of enterprises above designated size totaled 8,394,900 tons, an increase of 0.6%. The cumulative output in the first three provinces and cities in January-June was: 1,764,700 tons in Guangdong, down 4.9% year-on-year; Shanghai was 984,400 tons, down 12.1% year-on-year; Jiangsu was 972,700 tons, down 2.0% year-on-year.
1. The external environment of China’s coatings industry in the first half of 2018
According to preliminary calculations, the gross domestic product in the first half of 2018 was 418.961 billion yuan, a year-on-year increase of 6.8% at comparable prices. In terms of industries, the added value of the primary industry was 2,208.7 billion yuan, up 3.2% year-on-year; the added value of the secondary industry was 169.29 billion yuan, up 6.1%; the added value of the tertiary industry was 2,275.6 billion yuan, up 7.6%.
From January to June 2018, the national industrial enterprises above designated size achieved a main business income of 52.1 trillion yuan, a year-on-year increase of 9.9%; the main business cost was 44 trillion yuan, an increase of 9.5%; the main business income profit rate was 6.51%. , an increase of 0.41 percentage points year on year. The total profits of industrial enterprises above designated size reached 3,388.21 billion yuan, a year-on-year increase of 17.2%.
Second, the upstream development situation of the coating industry in the first half of 2018
In terms of raw materials, the price of some chemical raw materials continued to rise in 2017 in 2018, and bulk raw materials such as titanium dioxide, TDI/MDI, n-butanol, epoxy resin, etc., still maintained high levels of operation.
The cost of raw materials for coatings has become an important reason for restricting the development of the industry. In addition, in the first half of 2017-2018, the Fed`s continuous interest rate hike caused the depreciation of the RMB to intensify; the United States increased tariffs in the name of 301 investigations by economies such as China and the EU, which ultimately led to global multilateral trade being challenged. The increase in tariffs directly affected machinery, automobiles, and The export rate of toys, furniture and other industries has dropped sharply, which indirectly affects the output of the paint and pigment industry.
Third, the downstream development of the coatings industry in the first half of 2018
Real estate industry
In the first half of 2018, the regulation of real estate policy entered a new stage. On the one hand, continue to actively suppress irrational demand, on the other hand, focus on adjusting the medium and long-term supply structure. In the first half of the year, the regulation and control efforts have not weakened. As of the end of June, more than 50 cities above the prefecture level and more than 10 counties and cities have introduced control policies.
In the first half of 2018, local governments continued to increase land supply, and the amount of residential land launched increased by more than 30%. Among the three- and fourth-tier cities, in the context of good sales in the property market last year, land was introduced and land was pushed in various cities. The year-on-year increase was the largest. According to the transaction, the transaction volume of residential land in the country continued to increase. Due to factors such as the structure of land supply and the policy of land auction, the housing enterprises in the first-tier cities were more cautious, and the growth rate of land transactions in first-tier cities was lower. Second, third and fourth tier cities have become hot spots for enterprises, and from the high land prices in the first half of this year, the high price transactions have gradually shifted to the second, third and fourth tier cities.