Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10865.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the first quarter of 2018 was 631 points, which was a decrease of 39 points and 5.8% year-on-year compared with 670 points in the first quarter of 2017. Compared with 678 points in the fourth quarter of 2017, it was a decrease of 47 points and a month-on-month decrease of 6.9%, still in the cold range. Specifically, affected by the recovery of the new ship market since the fourth quarter, The backlog of orders held by key shipbuilding companies continues to rebound, the new ship price index has increased slightly, and leading indicators have increased. Affected by the high base in the same period, shipbuilding completions have declined year-on-year, but the capacity utilization of key shipbuilding companies has remained at normal levels. Affected by factors such as RMB appreciation and rising raw material prices, synchronized indicators such as main business income and profit margins of key shipbuilding companies have continued to decline. It is expected that in the second quarter of 2018, the international shipping market will remain stable. The volume of new ship orders will continue to grow, and the capacity utilization of key shipbuilding companies will remain at normal levels. However, affected by the deep adjustment of the shipbuilding market, it is difficult for companies to see a significant improvement in their operating conditions. China's shipbuilding capacity utilization monitoring index may rebound, and overall it will still be in a cold range.
Figure China Shipbuilding Capacity Utilization Monitoring Index (Quarterly)
Notes: 1. China Shipbuilding Industry Economics and Market Research Center provides partial technical support; 2. China Shipbuilding Capacity Utilization Monitoring Index (quarterly) chart will display data for the past 4 years.