The war between Russia and Ukraine has significantly increased the prices of metals, plastics and other raw materials. Recently, it has fluctuated at a high level, which led to the collective decline of household appliance stocks this week and the restart of repurchase by leading enterprises. Research institutions believe that most home appliance enterprises will shift from scale priority to profit priority this year.
Li Dan, a non-ferrous metals researcher at Yanke Research Institute, told the first financial reporter that copper and aluminum prices are still high after falling this week. On March 11, the closing price of Shanghai copper was 72150 yuan / ton, up 0.42%; Shanghai aluminum closed at 22035 yuan / ton, up 2.56%. This week, China’s copper inventory began to decrease, smelter exports increased, and overseas supply remained tight. In terms of aluminum, the prices of natural gas and electricity in Europe are still high, there is a risk of further production reduction in aluminum plants, and the problem of overseas supply is difficult to alleviate for the time being; After the correction of China’s aluminum price, the downstream bargain hunting and on-demand procurement slowed down the accumulation of aluminum ingots; After the aluminum export window period opens, it is expected that overseas orders may increase.
Fluctuations in international oil prices have raised the price of plastics Kingfa Sci.& Tech.Co.Ltd(600143) Shen Hongbo, head of East China operation Department, told China business that the international oil price fell sharply from a high this week. On March 11, the price of crude oil futures in New York rose 1.69% to US $107.81/barrel. In fact, at present, the international crude oil supply has not been affected, and the capital uses the pessimistic expectations of the market for future supply to hype. Therefore, the crude oil market is still a “news market”. The ups and downs of the Russian Ukrainian war and the differentiation of Western sanctions against Russia have become important factors affecting oil prices. The roller coaster market of international crude oil will be the new normal in the future.
Li Mingyang, general manager of Letu electric appliance, told the first financial reporter that the price of PP plastic for household appliances increased significantly, rising to 9450 yuan / ton on March 11 and 8700 yuan / ton on February 25 this year. On March 9, he told reporters that compared with a week ago, the price of plastic increased by more than 500 yuan per ton, the price of copper reached 73000 yuan / ton, and the price of iron also increased by 10%.
Affected by the rise in the price of raw materials, the share prices of listed household appliance companies fell this week. It’s the number of the number number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the number of the the the (s002;35.
Leading enterprises restart repurchase Midea Group Co.Ltd(000333) 3 on the evening of March 10, it was announced that based on the confidence in the development prospect of the company, it is planned to repurchase some shares within one year, with the repurchase amount of no less than 2.5 billion yuan and no more than 5 billion yuan, and the repurchase price of no more than 70 yuan / share. It is estimated that the repurchased equity is between 0.51% ~ 1.02%, and the repurchased shares will be used to implement the equity incentive plan or employee stock ownership plan.
Haier Smart Home Co.Ltd(600690) march 8 announced that Qingdao haichuangzhi management consulting enterprise, the concerted action of its actual controller Haier Group, increased its stake in Haier Smart Home Co.Ltd(600690) A-Shares by 0.07% through the Shanghai Stock Exchange. After the increase, Haier Group and its persons acting in concert held 34% of Haier Smart Home Co.Ltd(600690) total share capital. Based on its confidence in the company’s prospects, haichuangzhi plans to continue to increase its holdings of Haier Smart Home Co.Ltd(600690) A shares in the next six months, with a cumulative increase of no less than 200 million yuan and no more than 350 million yuan.
Ma Xiaoru, an analyst at industry online, a research institution, said on March 10 that since 2022, a new round of price increases of household air conditioners has hit again, and several enterprises have successively issued price increase notice letters. The price rise is mainly due to the continuous rise in the prices of raw materials such as copper, aluminum, ABS plastics and steel. The manufacturing cost of air conditioning is still high and difficult to fall in the short term.
At present, the manufacturing cost of air conditioner has increased by more than 20% compared with July 2020, bringing great pressure to the whole industrial chain. At the same time, the demand of the end consumer market is insufficient, and the price rise of domestic and export sales in the industrial chain is difficult. Ma Xiaoru said that the business situation of air conditioning industry chain enterprises in 2021 is very severe, so most enterprises will change their market strategy from scale priority to profit priority in 2022.
The average ex factory price of refrigerators and freezers rose by nearly 8 percentage points in 2021, of which the average export price (RMB price) rose by more than 10%, while the general rise in China is rare, mainly because enterprises are worried about the loss of customers, so they deal with it by adjusting the price or product structure of some models. Wang Juan, an industry online analyst, predicted that the intensification of the conflict between Russia and Ukraine and the rise in commodity prices would increase the possibility of price increases for refrigerators and freezers.
Zhou Nan, Secretary General of the household appliance branch of China Chamber of Commerce for import and export of machinery and electronics, analyzed to the first financial reporter that many authoritative institutions expect that the driving force of global economic growth is insufficient. In the long run, the price of raw materials continues to rise and lacks support. In fact, the export logistics price has now been adjusted back. In the face of the fluctuation of the industrial chain in the post epidemic era, enterprises still need to make efforts in “maintaining stability and improving quality” and “tap the potential” in improving competitiveness.
