Industry new
China's current development trend of magnetic materials industry
At present, China is already a great country of magnetic material products, and it is also a global magnetic material manufacturing base. Nearly half of magnetic materials are exported. Since the third quarter of 2008, the magnetic materials industry in China has been affected by the global financial crisis. It became increasingly apparent that the whole entered the off-season and the recession period. After entering the fourth quarter, orders for material companies suddenly dropped drastically. The production lines of enterprises stopped production by more than 50%. Most of the enterprises were underemployed, a few companies had closed down, and the magnetic industry entered a long and painful situation. Winter season. According to statistics from our association, since the second half of 2008, member units across the country have reported that overseas orders have been greatly reduced and exports have dropped significantly, especially in the fourth quarter. The main reason is that the continuous appreciation of the renminbi in recent years has brought a large amount of foreign exchange losses to exporters of magnetic products. In the weak dollar environment, the fluctuation of raw materials and energy prices has caused great difficulties for the production and management of enterprises. In addition, the global financial crisis has intensified, magnetic products The export encounters the second cold current; the two international giant ferrite enterprises giant TDK and EPCOS combine strongly, and it also brings powerful impact on the export of the domestic soft ferrite industry to Europe and the United States market, making China's soft ferrite industry meet more than other types of Unprecedented and greater difficulties in the magnetic materials industry.
Since most domestic companies are engaged in the production of conventional medium and low-grade products, exports have certain advantages, but there are no obvious advantages and competitiveness in the domestic market. Many of these enterprises have already started production decline by more than half. Most factories are idle and workers have nothing to do. Some companies have even stopped production, and a few companies have lost confidence in the market and have failed to support and maintain the bankruptcy due to the complete fracture of the capital chain. Overall, the current situation in the magnetic industry has been quite severe. From the point of impact of the industrial classification of the industry, the most affected is the soft ferrite industry, followed by the permanent magnet ferrite, NdFeB permanent magnet, raw materials, auxiliary materials manufacturing companies, special equipment, instrument manufacturing industries; but A small number of small and medium-sized enterprises (about 10% of enterprises) still insist on full-line production. Such enterprises are mainly enterprises with advantages and competitiveness, and companies with small market size, small export ratio, and the flexibility to adapt to the market. About 40% of the enterprises cut their production by nearly half, and nearly 30% of the enterprises cut production by more than half. Manufacturers of special instruments and equipment and equipment are relatively less affected by the market in 2008, but will be clearly reflected in 2009.
Due to the fact that China's magnetic material products mainly focus on medium and low grades, domestic competition is fierce, especially in recent years due to sharp rises and fluctuations in energy, raw materials, and labor costs, which have led to rising production costs, difficulty in enterprise cost management, and cost control. The situation of increasing and decreasing profits. On the other hand, due to the outbreak of the US financial crisis, the weakening of the global economy, the continued appreciation of the renminbi, the sluggish domestic capital market, the depressed housing market and the suppression of investment and consumption, exports dropped significantly in the second half of 2008, causing considerable impact on the current magnetic materials industry in China. The great pressure has severely restricted the development of domestic ethnic enterprises. It is expected that the magnetic materials industry will be the most difficult year in 2009.
∷
KUNAG
KUNAG
KUNAGE