, The domestic steel giant Angang Steel Company Limited (000898.SZ) today announced results for semi-annual report, in the first half net profit increased 24.48% year on year, but the industry believes that the second half of the price of steel to achieve high profits to promote the situation will be unsustainable

Semi-annual report published under the Anshan Iron and Steel shares, the company first half of the revenue 40.17 billion yuan, of which net profit of 59.8 billion yuan, up 24.48%.

Angang Steel Company Limited, said revenue from a year earlier mainly due to an increase in product prices, sales volume increases and the impact of product structure adjustment, the first half as the company promoted the development of markets for special steel, special steel ratio of the first half of 92.24%. Ship plate, car plates, plates and other high-end home appliances Steel products Sales also were up 25.54 percent over the previous year, 52.64%, 27.58%.

While operating profit and net profit has increased over the same period one year earlier as price increases impact; 2 is due to a series of working through technical innovation, production and sales scale of impact; Third, adjust the product structure effect; Fourth, the decline in corporate income tax rate impact caused by increase in net profit.

At the same time, the company also made progress in energy saving, comprehensive energy consumption per ton steel, fresh water consumption per ton steel, respectively, the comparable energy consumption fell 2.17%, 10.56%, 1.12%. Bayuquan new steel projects are proceeding smoothly and end at 6, coke oven, blast furnace hot stove, hot oven, plate after another into the cold furnace, heat load trial operation.

Yesterday, Wuhan Steel shares semiannual reports have been the first appearance, net profit reached 4.911 billion yuan, an increase of 3 percent, the first published results of Wuhan Steel shares and Angang Steel Company Limited, also for the steel industry’s overall performance during the first half set the tone. Previously, Tangshan Iron and Steel Shares of eight steel companies have also announced first half results are expected to grow, Bayi Iron & Steel, Guangzhou Iron and Steel Shares of its own degree of performance increase is expected to reach 200%.

Yesterday, Vice President of Hebei Province Prospering Metallurgical Industry Association also said in the first half, the two-strong international and domestic market demand situation, in Hebei’s steel industry profits rose 19.91 percent, but noted that yield, net investment income and income factors, the actual earnings growth of only some 53%, and that 53% of the actual earnings are primarily raise steel prices by 5,6 month was able to guarantee.

Advisory body under the domestic steel “steel house,” the latest report yesterday, the first half of 2008, China’s steel industry realized profits of over 100 billion, compared with growth of 26% over the same period in 2007, but mainly from the high profits The large increase in steel prices, and since the downstream steel industry profits have been squeezed in the first half, industrial development is impaired, thereby affecting the growth of steel demand, which built on the profits on the price increases will be difficult to maintain.

Prospering expects the second half of the steel industry will face a very complex situation, the whole second half in high-cost, high steel prices, high-risk operation, if the second half of the domestic steel market supply and demand reversed, steel prices have more large fluctuations in the steel industry profits will have a major impact.

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2009 first half, as Financial Crisis Construction Machinery Affect the “hardest hit” Loader Market, although demand is still sluggish international market, domestic market, there have been positive changes. According to the author of the survey of China’s major loader enterprises, in the first half, China Sell Loader over 70000 units last year although still higher compared to lower margin, but the first half of each month from the comparison can be seen that this lower rate is being gradually reduced, in June last year only to reduce the more than 10 percentage points. This trend will continue in the second half is expected to continue.

1, 2009, in the first half and second half of our forecast loader market characteristics
The severe impact of the financial crisis, the first half of this year, mainly showing a loader market characteristics of the development the following aspects:

1, loader domestic market rebound quickly, the international demand is still sluggish.
2009 6 Chinese manufacturing PMI, the fourth consecutive month to maintain the critical point above the internationally accepted as a response to macro-economic trends of the first index of the positive changes, shows that our economy continues to rise in the state of the economy. China’s domestic economic situation improves, speed up the loader of the domestic market rebound.

The first half of this year, China’s main loader enterprises, total domestic sales of nearly 70,000 units, a third lower than the same period last year. Domestic sales in June this year, outstanding performance, only 3% lower than the same period last year, with March sales was reduced by half, in sharp contrast. Domestic sales loader market compared to last year, there have been months of decline in lower margin.

And positive changes in the domestic market performance difference is reduced from the export market loader constantly widening. First half of 2009, exports loader over 4000 units less than the same period last year, one half of exports, exports of more than 800 units in June, and last year’s lower rate is also 60%.

International market, there have been some positive changes. Economy Cooperation And Development (OECD) released data show that most major global economies out of recession soon, its developed members?? From the euro zone and Britain to the United States, Mexico and Japan?? Overall indicators are now showing recovery. Improvement of the world economy in order to fundamentally solve the export market of China loader market sales to reduce.

2, the financial crisis, regional sales pattern of new market emerged. The past, demand for our loader

most northern region affected by the crisis has been relatively lower market demand more, in 2009 the first half of the first half of 2008 compared to let out more than 5% of the market share, the impact of the crisis obvious. However, the region of Shanxi, Inner Mongolia, Hebei province is China’s coal, coal mining on the loader to stimulate demand can not be ignored, and the increase of investment in infrastructure will also promote the region’s demand for the recovery of the loader. Change in sales in recent months, also shows the strength of the region demand to reproduce the pre-crisis situation loader.

Eastern and central region, and the demand loader, in various regions show prominent, recently this situation will continue.

Southwest and northwest regions, although sales volume is not high, but the two regions are all regions in the first half of last year reduced the minimum area, market share also increased. This positive change, and they are in our country landlocked, has not been a serious impact on the financial crisis had a relationship. The first half of this year, investment has also increased rapidly in the western region, urban fixed asset investment growth for 5 consecutive months in more than 45%. But the western region of “small prosperity” can be maintained, it remains to be seen.

Provinces in Northeast China as less sales loader market as a whole is not very high, change a little.

3, loader to further increase market concentration.
From the loader market in recent years, sales data can be seen, loader market concentration is relatively high, sales in the first nine companies ( Liugong , Long Engineering, Xiamen workers, temporary workers, SEM, into the work of God steel Fukuda Revo , Changlin, Xugong) significantly more than sales of other companies; which Liugong, dragon workers, building workers, temporary workers, these four companies account for a steadily loader sales in China before the tetracarboxylic, and Liugong and Long work is loader enterprises in China, ranked the top two companies stabilize sales. In 2009, the situation becomes more apparent.

According to the author of the loader sales data, Liugong, dragon workers, building workers, temporary workers, the four companies increase market share. 2006, 2007, 2008 for three years, this four companies market share of 60%, while in 2009 the first half of this ratio to 64.69 percent raise, and the top two Liugong, Dragon workers share, also by 2006, 07, 08 and stable 35%, raise to 39.06%. This shows that our loader market, are further integrated, edge resources and to increase market concentration, on China’s loader market continues to develop healthy and orderly, can play a good role in promoting.

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China Light Industry Information Center, China Plastics Processing Industry Association, the Dalian Commodity Exchange jointly issued the three units in the recent “China Plastics industry 2009 first half Economy Operation and Market Development Study “(” the Report “), that first half of 2009, China’s plastics industry production and Sell Stabilized stabilized, has been basically out of the downturn is expected in the second half will continue to maintain steady growth trend is expected to achieve 10% growth.

“Report” that the plastics industry this year 1-5 accumulated GDP (current prices) 381.573 billion yuan, the cumulative increase of 7.5%. Situation from the monthly value of the output value maintained a steady growth. Monthly production from the point of view, from January to May, the plastics industry accumulated output 16.0933 million tons, the cumulative increase of 6.23%. In addition to January production below the level a year earlier, the rest of the month, compared with the same period 2007,2008, all showed good growth.

The same time, from January to May this year, the plastics industry sales rate of 97.2% total. Plastics industry sub-sectors of production and marketing nine class interface is better, in addition to plastic leather, Synthetic Leather Manufacturing and Plastic Parts Manufacturing, the other seven types of production and marketing sub-sectors of the cumulative rate of over 97% of which daily sales rate of plastic manufacturing the highest, reaching 97.7%.

According to Customs statistics show that while from January to April this year, China’s plastics industry, foreign trade is still low, but the chain data, March import and export trade from the plastics industry began to rebound, signs of recovery. One in February by seasonal factors and a larger decline in exports, since exports rebound in March, the chain increased 73.57%, 3.27% increase in April, monthly import values appear stabilized stabilized, and showed a slightly increasing trend in the value of imports in March chain increased 22.72%, 15.45% increase in April.

In addition, the “Report” also noted that with the improvement of the domestic economic situation, the plastics industry also picked up the level of benefits. According to monitoring results of some key light industry enterprises that focus on the plastics industry profits from the January level of state more gloomy trend to change for the better. Plastics industry for the second half

trend “report” that since 2009 the State promulgated favorable light industries, implementation of the policy, the development of the plastics industry has played a major role in promoting the plastic industry in the second half is expected to achieve 10% growth .

First, the national policy to give the industry a strong support for the restructuring and revitalization. Especially in the “domestic demand, reviving the economy, industrial restructuring,” the goal of development, the plastics industry is just “to meet the domestic demand-based, export-oriented employment pillar type, services, three rural-based” industries. Therefore will be very obvious benefits.

Second, changes in raw material costs from upstream, although the Oil Prices led to increased manufacturing cost of plastic products, while raising the cost of increased pressure on enterprises, the means, but for the entire plastics industry, which is the effective support price of plastic. And downstream industries to improve digestion has become the direct help of plastic industry. Beverages, Home Appliances , Furniture, agriculture, building materials, packaging, automotive, electronics and other fields of development, effectively digest a variety of plastic products, plastic industry, the most important and stable development assistance.

But the “report” also reminded to be alert to the plastics industry upstream investment is more violent, the formation of over-supply situation of raw materials, so in the chain between the needed coherence to make the industry a long-term steady development.

Moreover, according to statistics Yuyao spot market, the plastic index of the last two months has been high and volatile, while the index of the same plastic warehouse receipts in the trend of high and volatile, visible market more active. Can predict the future short term spot market price of plastic will continue to rise. This also shows that the spot market price of plastic will be recovered shortly.

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