Chinese home appliance hanging by 2004.docVIP

 PAGE \* MERGEFORMAT 12 Chinese home appliance hanging by 2004 Sound in the break out price increases, China’s home appliance industry into the 2004. March 17, Glanz, vice president of Yuyao Chang told reporters: ‘microwave oven will definitely price adjustment, especially the low-end products, each ex-factory price increase of about dozens of dollars. ‘Appliance business profits soaring prices of raw materials, inventory rising, export tax rebate cut, domestic and international home appliance recycling legislation, as well as wave after wave of crazy price war eroding, China’s leading home appliance enterprises’ price butchers’ Glanz had finally decided to beat it. Raw material prices: the camel’s back the last straw? From the September 2003 start, steel, copper and other raw material prices soaring, the National Bureau of Statistics show that from the beginning in August 2003, steel prices continued to rise, ordinary large rolled steel prices rose 15.7%, normal medium-sized rolled steel rose 20.8 %, small steel products rose 12.2%, up 21.5% in the thick steel plate, thin steel plate rose 11.5%, and wire up 21.7%. As of February of this year, prices remained rising momentum. At the same time, copper prices are also rising. Guangdong ports the first three quarters of 2003, imported copper ores and concentrates 142,000 tons, compared with the same period in 2002, a substantial increase of 48.3%, imports an average price of 630 U.S. dollars / tons, compared with growth of 53.7% over the same period in 2002. Steel, copper prices so that the whole air-conditioning supply chain, prices began to rise. Zhuhai, a steel distributor told reporters that some production companies forced to supply the motor tension and pressure on prices have cut or even stop production, resulting in reduced motor output, prices rise, which will directly affect the downstream washing machines and refrigerators manufacturers of production and cost. It is understood that the core compone