Xinhua Silk Road: Xinhua-Dingxiang Flange Price Index officially released in N.China's Shanxi Province
PR100203
BEIJING, July 5, 2023 /PRNewswire-Asianet/ --
The Xinhua Index Team of the Xinhua News Agency has recently launched the
"Xinhua·Dingxiang Flange Price Index" in Dingxiang County, north China's Shanxi
Province.
Comprising three sub-indices, the index represents the significant forgings
volumes from Dingxiang County for wind power flanges, engineering machinery
forgings, and petrochemical flanges. With wind power generation achieving
increased prominence in the new energy industry in recent years, attention to
wind power flanges has similarly grown, with prices substantially influenced by
seasonal and policy factors.
In 2021, due to the expiration of policy subsidies, turbine manufacturers
rushed to install wind power groups, causing wind power flange prices to reach
their highest point since November 2021. Analysts forecast that the sector are
poised for another shipment peak this coming summer, with this year's flange
shipment volume projected to be the highest in the past three years.
From a macro-market perspective, the development 5prospects for flanges remain
stable and promising, buoyed by the continuous advancement of downstream
infrastructure. From 2013 to 2022, the average annual growth rate of installed
capacity for wind turbine generators was 19 percent, while from 2012 to 2021,
the average annual growth rate of the mileage of petrochemical transmission
pipelines remained above 4 percent.
Notably, Dingxiang, one of the first ten key professional towns in Shanxi
province, boasts a long history of forging. Flange forging has become its
traditional, unique, advantageous, leading, and livelihood industry.
In 2022, the total production of Dingxiang flanges reached approximately 1.2
million tonnes, with an annual production capacity of 1.4 million tonnes,
achieving a total output value of 14.2 billion yuan. In addition to wind power
flanges, engineering machinery flanges accounted for 65 percent of national
production.
Original link: https://en.imsilkroad.com/p/334940.html
SOURCE: Xinhua Silk Road
Image Attachments Links:
Link: https://iop.asianetnews.net/view-attachment?attach-id=441450
Caption: Photo shows the Flange remote control room of Shanxi Tianbao Group in Dingxiang
Country, north China’s Shanxi Province.
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