Slate stone industry status facing cost problem
The Chinese small and medium-sized stone enterprise financing difficulties, RMB exchange rate appreciation, rising prices of raw materials, labor costs raised, the domestic market default payment
All above factors are damaging profit of Chinese slate industry, many stone factories’s capital chain have been ruptured, some enterpraise owner have to close the factories and offices.
The situation of roofing slate industry always is ups and downs in past months, the small and irregular requirement incur ineffective production arrangement of quarries, the capital chain rupture of rubble real estate will spread to stone industry due to the uncertain domestic requirement.
Estimates of the normal supply of roofing slate will be until the summer of 2012.