The operation of the building materials industry has been generally stable since January to November of 2019. The basic situations are as follows:

  1.The production has been generally stable. From January to November of 2019, the cement output of above-scale enterprises reached 2.13 billion tons with year-on-year growth of 6.1%; the flat glass output of above-scale enterprises was 0.85 billion weight cases, increased by 6.9% year-on-year.

  2.Economic benefits have maintained growth. From January to November, the operating income of above-scale building materials enterprises was expected to reach 4.3 trillion yuan,  increased by 13.3% year-on-year; the total profit was 384.4 billion yuan with an increase of 17.6% year-on-year.

  3.The ex-factory prices of building materials and non-metallic mineral products have rebounded. In November, the ex-factory price index of building materials and non-metallic mineral products was 115.8, up 1.2% MoM and 1.2% YoY. From January to November, the average price index increased by 3.5% year-on-year, the percentage gain has narrowed continuously.

  4.The investment in fixed assets has kept growing. From January to November, the fixed asset investment in the non-metallic mineral products industry increased by 6.7% year-on-year, but the growth rate has continued to slow by 0.3 percentage points compared with that in January to October.

  5.The export value of building materials and non-metallic mineral commodities has kept growing, while the import value has decreased year-on-year. From January to October, the export value of building materials and non-metallic mineral commodities was USD30.02 billion with year-on-year growth of 7.9%. The average FOB price of building materials and non-metallic mineral commodities increased by 7.4% year-on-year. From January to October, the import value of building materials and non-metallic mineral products was USD19.23 billion with a year-on-year decrease of 3.0%. The decline has widened.