"It's much better than at the beginning of November. The overall supply chain has been slowed down, and the prices of raw materials have fallen back, basically back to the right track." A person in charge of a furniture company told us.
Recently, the prices of bulk commodities such as coal, steel, glass, fiberboard, PVC, and PTA have fallen sharply. In particular, the price of coal has fallen by more than half compared to October, and the price of steel has fallen by more than 30%. In terms of wood, the price of a variety of logs has also fallen to varying degrees, with a drop of more than 5%.
As one of the most important types of raw materials, the sharp drop in coal prices has driven down the prices of many downstream chemical products. At present, the prices of many commodities are still in the downward channel.
Specifically, according to the monitoring of the Ministry of Commerce, from November 8th to November 14th, the price of coal nationwide dropped. The prices of thermal coal, No. 2 anthracite lump coal, and coking coal were 1076 yuan, 1525 yuan and 1427 yuan per ton, respectively. , A sharp drop from before.
The price of steel continued to decline, among which the prices of rebar, hot-rolled strip steel and high-speed wire rod were 4949 yuan, 5108 yuan and 5176 yuan per ton respectively. This is down more than 30% from the previous high. Other metal materials also fell to varying degrees.
In terms of chemical raw materials, MDI quoted at RMB 19,800/ton, down RMB 900/ton from the previous week. Epichlorohydrin was quoted at RMB 17,666/ton, down by RMB 1,315/ton from the previous week, and the price of bisphenol A was RMB 16,350/ton, down by RMB 1,599/ton from the previous week. The prices of a variety of chemicals have fallen, with greater efforts, generally around 1,000 yuan/ton.
Lumber and lumber prices in many regions have also begun to cut prices, with logs falling by nearly 300 yuan per cubic meter in one month.
The fall in the price of raw materials is undoubtedly a great benefit for home furnishing companies, not only in the reduction of production costs, but also in bringing important stabilizing factors to the stable development of the company and avoiding risks.
A person in charge of a steel-wood furniture company said that since the second half of this year, the prices of raw materials have risen sharply, especially for steel and plates, which have risen to the highest prices in recent years. The rise in raw materials has had a great impact on the production of their enterprises.
In order to avoid risks and save money, their company did not prepare sufficient raw material inventories as in previous years, but bought them as needed, minimizing raw material inventories. Who knows that in the second half of the year, the prices of raw materials have risen sharply, greatly increasing the production costs of enterprises, and in the terminal consumer market, they dare not raise prices, resulting in a sharp decline in corporate profits and operating difficulties.
In the export trade, the rise in raw materials has a greater impact on enterprises. It is reported that the orders of many export companies were set at the beginning of the year, and the order prices were quoted according to the raw material prices at that time. However, after the price of raw materials has risen, companies can’t change the prices arbitrarily and still deliver the goods at the original prices. Many of these orders are at a loss, so that many export companies no longer accept export orders. This has a greater impact on export growth. Big negative impact.
Although from the data point of view, the export volume of home furnishing companies increased significantly in the first half of this year, but the profits of export companies did not increase correspondingly. Some companies have experienced a decline in profits. Therefore, looking at the superficial data alone cannot fully reflect the true situation of the industry. .
According to experts, the relevant state departments have recently introduced a number of measures to actively intervene in the excessively rapid price increase of raw materials to prevent price fluctuations. At present, significant results have been achieved.
In the future, there is a high probability that the price of raw materials will fall steadily, which provides a stable and solid foundation for the development of manufacturing enterprises. This is also a good time for enterprises to actively expand the market and develop high-quality.