November 13, 2024

Car raw material costs will rise 10%

According to a survey of 82 automakers recently conducted by the consulting company IRN, nearly half of automakers expect that the cost of auto raw materials will increase by 10% next year, of which steel and plastic resins are the most likely to rise.

In the survey results released on June 16, 2014, 64% of the respondents expect plastic resin prices to rise, while only 4% of respondents expect plastic resin prices to fall.

IRN pointed out in the report that the increase in automobile production is the main reason for the rise in raw material prices. Interestingly, 43% of respondents predict that Honda and Ford will be able to get rid of raw material price increases, and all respondents believe that Hyundai Motor can not effectively hedge, only 4% of respondents believe that Volkswagen can hedge raw materials up price.

In terms of the A-share listed companies, the companies involved in the concept of plastic resins mainly include Blonde Technology and Pulit.

Golden Tech will have 800,000 tons of auto-modified plastic investment project put into operation, the company's sales of modified plastic vehicles will continue to grow rapidly, as the company's overall sales of modified plastics, one of the main driving force for growth.

Pulit is a major automotive modified plastics production company in China. The company's end customers are domestic vehicle companies such as Shanghai Volkswagen, Shanghai General Motors, and FAW-Volkswagen. The direct customers are domestic major auto parts and components such as Huayu Automotive and Ningbo Huaxiang. Business.

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