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Materials, Products, Prices Rose Sharply, 2021 A New Wave Of Price Increases Are Inevitable?

Xiao Xin Bathroom Headlines

Industry information

Copper prices soared through 70,000, kitchen and bathroom products prices all messed up?

February 25, Shanghai copper main contract rose nearly 4% after the opening, on the 70,000 yuan / ton, for the first time since August 2011. Some industry sources said that in 2020, copper prices rose from 44,000 to 58,000 yuan / ton, with 60 days; 2021, copper prices rose from 58,000 to 70,000 yuan / ton, with only 6 days. In the nearly one year from 2020 to now, copper prices rose directly by nearly 60% to reach a new record high. Kitchen and bathroom products are expected to see a significant price increase from April to May, and the increase will be between 5%-18%. Some industry insiders said that old orders do not increase prices, new orders inquiry according to the day the offer prevails.

Source: Kitchen and bathroom information


More than 12 waterproof materials companies announced price increases, Oriental rainbow related products prices by a minimum of 10%

March 2 Leju financial news, recently, the reporter learned that the impact of a sharp rise in raw material prices, many waterproofing materials manufacturers have issued price letters to raise product prices to respond. Oriental rainbow, Hongyuan, Yuhong, Liaoning Dayu, Yuhong, Huarui and other industry head enterprises have officially announced price increases. According to incomplete statistics, as of now, the official price increase of waterproofing companies have more than 12. Among them, the Oriental rainbow in February 28 issued a price notice, the full line of product prices, is expected to increase by 10% to 15% for asphalt-based coil, polymer coil up 10%, polyurethane coating in January 1, based on the price increase of 10%, water-based coatings up 15% to 20%, asphalt coatings up 10%.

Source: Decoration Accessories


National Bureau of Statistics: 14.14 trillion yuan of investment in real estate development in 2020, an increase of 7%

On February 28, the National Bureau of Statistics released the People’s Republic of China 2020 National Economic and Social Development Statistics Bulletin. The bulletin shows that the annual real estate development investment of 1,414.43 billion yuan, an increase of 7.0% over the previous year. Among them, residential investment was 1044.46 billion yuan, up 7.6%. Office investment was 649.4 billion yuan, an increase of 5.4%. Investment in commercial premises was 130.76 billion yuan, down 1.1%. At the end of the year, 498.5 million square meters of commercial housing for sale, an increase of 290,000 square meters compared with the end of the previous year. Among them, 223.79 million square meters of commercial residential for sale, a decrease of 940,000 square meters. Throughout the year, 2.09 million sets of various shantytown renovations were started and 2.03 million sets were basically completed. The full completion of 742,100 households, the establishment of the card, the poor households out of poverty, and attacking the task of renovation of dangerous rural housing sweeping project.

Source: National Bureau of Statistics


Guizhou Guiyang City, Guizhou Province, Market Supervision Bureau: 6 batches of ceramic piece sealed spout and 1 batch of sanitary ceramics products failed

Recently, Guiyang City, Guizhou Province, Market Supervision Bureau announced the results of the 2020 annual flooring and other eight kinds of product quality supervision and sampling. Among them, the sampling of 5 sellers sold 10 batches of ceramic chip seal spout products, of which 6 batches of products failed, unqualified product discovery rate of 60.00%. According to product characteristics focus on the thread (pipe thread accuracy), assembly (cold, hot water mark), metal contaminant precipitation, use performance, hydraulic mechanical properties, with flow regulator spool downstream, without flow regulator spool downstream, sealing performance, spool and spool upstream, hydraulic properties, flow (L / min), surface corrosion resistance, spout water efficiency level, the flow uniformity ( L / s ) and other items were inspected. Unqualified items involve surface corrosion resistance quality judgment, flow rate (L/min) quality judgment, water efficiency grade of spout, etc.

Source: China Quality News Network


Enterprise News

Three dimensional home digital upgrade conference was held to boost the growth of home furnishing enterprises and industry take-off

On March 3, the “Smart Home Digital Upgrade Conference” was held. The conference was held in the form of geeky and cool AR virtual reality live broadcast, so that all home industry players can understand the latest digital upgrade solutions of 3D home with their cell phones in hand. In addition, 3D Home also launched a corresponding support program for young designers and small and micro custom furniture enterprises, supporting the incubation of young designers IP, leading the design trend, empowering small and micro custom enterprises to digitally transform and move to the upgrade fast track.

Materials, Products, Prices Rose Sharply, 2021 A New Wave Of Price Increases Are Inevitable? - Blog - 1


Oppein: Not to exercise the early redemption right of “Oppein Convertible Bonds” until May 31

Oppein (603833) announced that on March 2, 2021, the Eleventh Meeting of the Third Session of the Board of Directors of the Company considered and passed the “Proposal on Not Exercising the Early Redemption Right of “Oppein Convertible Bonds” before May 31, 2021″. It was agreed that from March 3, 2021 to May 31, 2021 (inclusive), if the early redemption clause of “Europay Convertible Bonds” is triggered, the early redemption right of “Europay Convertible Bonds” will not be exercised and “Europay Convertible Bonds” will not be redeemed early. The “Europac Convertible Bonds” will not be redeemed in advance. When the redemption clause is triggered again, the Board of Directors will hold another meeting to decide whether to exercise the early redemption right of Europay Convertible Bonds.

Source: WisdomTree.com


Seagull has spent 18,294,400 RMB to repurchase 2,647,600 shares

On March 1, Seagull (002084) announced that as of February 28, 2021, the company had repurchased 2,647,600 shares, accounting for 0.48% of the company’s current total share capital, at a maximum transaction price of RMB8.28 per share and a minimum transaction price of RMB5.80 per share, for a total transaction amount of 18,294,400 yuan.

Source: WisdomTone Finance


Red Star Macalline’s RMB 1.16 billion commercial property ABS passed by SSE

On March 2, according to the SSE, the ZSE-Red Star Macalline commercial property asset-backed special plan was approved by the SSE. According to the news, the proposed issuance amount of the bond is 1.16 billion yuan, the original equity owner is Changsha Yinhong Homes Limited (the actual controller is Red Star Macalline), and the plan manager is Zhejiang Zheshang Securities Asset Management Co.

Source: China.com Real Estate


Home 315 survey bathroom chapter | Hegii, Deli lead

In January 2021, netease home investigate the identity of consumers, 17 bathroom brands of WeChat, e-commerce (Tmall, Jingdong) channels to investigate, and in Beijing, Shanghai, Guangzhou, Chengdu, Foshan field visits to the 17 bathroom brands offline stores, a round of bathroom industry online and offline integration of comprehensive consumer experience. In this 315 home service survey, the comprehensive average score of 81.12 in the bathroom industry, a total of 11 brands reached 80 points and above, shortlisted in the 2021 Netease Home 315 service survey TOP list. Among them, Hegii bathroom and Deli shower tied for the first place with a total score of 94, TOTO bathroom ranked second with 90, and Hansgrohe ranked third with 87.

Materials, Products, Prices Rose Sharply, 2021 A New Wave Of Price Increases Are Inevitable? - Blog - 2


Data analysis

National Bureau of Statistics: 2020 annual value added of the whole society construction industry 729.96 billion yuan! Year-on-year growth of 3.5%

2020 annual value added of the whole society’s construction industry 729.96 billion yuan, an increase of 3.5% over the previous year. The national general contracting and professional contracting construction industry enterprises with qualification level profit 830.3 billion yuan, an increase of 0.3% over the previous year, including state-controlled enterprises 287.1 billion yuan, an increase of 4.7%.

Materials, Products, Prices Rose Sharply, 2021 A New Wave Of Price Increases Are Inevitable? - Blog - 3

Source: National Bureau of Statistics


Italian ceramic machinery industry in 2020 turnover fell 15% year-on-year

According to the Italian Ceramic Machinery and Equipment Manufacturers Association preliminary data show that: the pottery industry in 2020 turnover of 1.470 billion euros (about 11.488 billion yuan), down 15 percent year-on-year. Domestic sales of 349 million euros (about 2.727 billion yuan), down 25.4% year-on-year, exports still account for a large share of 1.121 billion euros (about 8.761 billion yuan), down 11.2%. Paolo Mongardi, president of the association, said: the end of the epidemic may also be the time of the pottery machine industry cyclical recovery.

Source: Pottery City News


January-December 2020 exports of building and sanitary ceramics products in Guangdong Province amounted to $4.35 billion, down 15.1% year-on-year

January-December, Guangdong Province, building materials above-scale enterprises (excluding construction hardware) completed industrial value added 157.07 billion yuan, up 2.2%; industrial sales output value 620.82 billion yuan, up 2.2%, 2.5% more than the industrial sales output growth rate of industrial scale in Guangdong Province; total profit 48.20 billion yuan, up 6.3%, 3.1% more than the industrial profit growth rate of industrial scale in Guangdong Province. January-November, ceramic tile production fell 4.3% year-on-year, sanitary ceramics production fell 4.6% year-on-year, the rate of decline narrowed 14.5% and 16.9% compared to the first half.

Major product output of the above-standard enterprises of building materials in the province in 2020

Product NameUnit of measurementProduct outputGrowth rate (%)
Cement clinkermillion tons11001.20.25%
Cementmillion tons17075.61.50%
Commercial concretemillion square meters25025.65.70%
Cement drainage pipeKilometer2395.3-27.9%
Cement pressure pipekilometer907.124.90%
Cement electric polemillion76.5-10.50%
Cement concrete pilemillion meters8598.93.40%
Brickten thousand pieces766549.4-30.10%
tilemillion pieces3415.2-5.8%
Limestonemillion tons3409.4-29.20%
Asphalt and modified bitumen waterproofing membranesmillion square meters20022.9-4.60%
Flat Glassmillion weight boxes9963.7-0.45%
Tempered glassmillion square meters4301.92.60%
Laminated Glassmillion square meters2601.8-0.17%
Insulating glassmillion square meters1221.32.30%
Glass fiber yarnmillion tons163.70%
Ceramic Tile (Jan~Nov) 18.8-4.30%
Sanitary ceramics (Jan~Nov)million pieces4426.2-4.60%
Marble slabsmillion square meters716.3-13.90%
Granite platemillion square meters542-35.40%
Gypsum boardmillion square meters9703.25.6%

According to customs statistics, January-December, Guangdong Province, exports of building and sanitary ceramics products 4.35 billion U.S. dollars, down 15.1% year-on-year. Among them, exports of architectural ceramics 1.68 billion U.S. dollars, down 28.7%. Sanitary ceramics exports of $2.21 billion, down 8.1%.

Source: Guangdong Building Materials Association



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