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.