The aluminum smelting industry earned 6.75 billion yuan from January to May, an increase of 79.5%
Release Time：2019-07-08
Publisher： Miit (Ministry of Industry and Information Technology)
According to data released by the Ministry of Industry and Information Technology today, from January to May 2019, the non-ferrous metal industry operated smoothly on the whole, the decline in efficiency was further narrowed, and industry confidence was boosted.
First, production was generally stable, and prices fell year-on-year
From January to May, the output of ten non-ferrous metals in China was 23.41 million tons, a year-on-year increase of 4%. Among them, the output of copper, aluminum, lead and zinc was 3.7 million tons, 14.45 million tons, 2.38 million tons and 2.27 million tons respectively, an increase of 4.4%, 2.7%, 15.8% and -0.6% year-on-year respectively. The output of copper and aluminum was 6.85 million tons and 21.98 million tons, a year-on-year increase of 11.7% and 6.5%, an increase of 2 and 4.8 percentage points respectively.
The average spot prices of copper, aluminum, lead and zinc were 48,589 yuan/ton, 13,781 yuan/ton, 17,029 yuan/ton and 22,088 yuan/ton, down 6.5%, 4%, 11% and 13.2% year-on-year.
Second, the decline in efficiency has been further narrowed, and the confidence of the industry has been boosted
From January to May, the non-ferrous industry achieved a profit of 60.74 billion yuan, a year-on-year decrease of 5.5%, but the decline was 8.1 percentage points narrower than that in the first quarter.
Among them, the mining and smelting industry achieved profits of 12.72 billion yuan and 24.33 billion yuan respectively, a year-on-year decrease of 26.4% and 3.8%, and some of the non-market competitive production capacity of the electrolytic aluminum industry was shut down, the contradiction between supply and demand was eased, and the production cost decreased year-on-year, and the aluminum smelting industry turned from a loss of 830 million yuan in the first quarter to a profit of 6.75 billion yuan from January to May, with a year-on-year increase of 79.5%; The processing industry achieved a profit of 23.69 billion, a year-on-year increase of 8.9%. The business confidence index according to the Nonferrous Metals Association has rebounded for two consecutive quarters, up 1.7 basis points from the fourth quarter of 2018, reaching 50.3.
Third, investment fell year-on-year, and the growth rate of aluminum exports fell
From January to May, the investment in the non-ferrous metal industry fell by 9.4% year-on-year, 1.3 percentage points narrower than that from January to April. Among them, the investment in mining and dressing decreased by 7.9% year-on-year, and the investment in smelting and processing decreased by 9.7% year-on-year. Aluminum exports were 2.2 million tons, a year-on-year increase of 10.9%, a year-on-year decrease of 3.4 percentage points, a cumulative export value of 6 billion US dollars, a year-on-year increase of only 2.1%, and a year-on-year decrease of 7.9% in the export unit price of aluminum.
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