In the first half of the year, my country's non-ferrous metal industry showed a trend of bottoming out and recovery
Xinhua News Agency, Beijing, July 21. Jia Mingxing, vice chairman and secretary-general of the China Nonferrous Metals Industry Association, pointed out on the 21st that China’s non-ferrous metals industry showed a trend of bottoming out and recovery in the first half of this year, and it is expected to maintain recovery in the second half. Trend.
Jia Mingxing stated at a press conference on the economic operation of the non-ferrous metals industry in the first half of the year held by the China Nonferrous Metals Industry Association that day, due to the impact of the new crown pneumonia epidemic, the operation indicators of the non-ferrous metal industry in the first quarter dropped significantly; as the domestic epidemic prevention and control achieved major strategies As a result, the non-ferrous metal industry operating indicators in the second quarter showed a trend of recovery.
In the first half of this year, the added value of China's regulated non-ferrous metal industry decreased from 4.1% in the first quarter to 0.7% year-on-year, returning to positive growth; non-ferrous metal output was 29.282 million tons, an increase of 2.9% year-on-year; the volume of six types of concentrate metals was 2.687 million Tons, a year-on-year decrease of 7.1% in the first quarter to an increase of 2.5%; the total investment in fixed assets completed by the non-ferrous metal industry (including independent gold companies) fell by 8.5% year-on-year, and the rate of decline narrowed 2.9 percentage points from the first quarter.
According to reports, the price of copper and aluminum in the domestic market has basically returned to the price level before the epidemic. In the domestic spot market in early July, the average copper price was 49,779 yuan/ton, an increase of 11,305 yuan/ton from the end of March, and an increase of 618 yuan/ton from the end of December 2019; in the domestic spot market in early July, the average aluminum price was 14,446 Yuan/ton, up 3,048 Yuan/ton from the end of March. On July 13, the domestic spot aluminum price broke through the 15,000 yuan/ton mark.
At the same time, non-ferrous metal companies realized a significant increase in their monthly profits in a single month. In May, the regulated non-ferrous metal industrial enterprises (including independent gold enterprises) realized profits of 11.06 billion yuan, an increase of 4.45 billion yuan from April and a 67.3% increase from the previous month. Among them, aluminum smelting companies lost 820 million yuan in April and turned into a profit of 760 million yuan in May. It is preliminarily judged that the realized profit in June will be significantly higher than that in May.
Jia Mingxing pointed out that combined with the "Trinity" non-ferrous metal industry forecast and early warning index compiled by the China Nonferrous Metals Industry Association, it is preliminarily judged that the non-ferrous metal industry will continue to maintain a recovery trend in the second half of the year, but there are also uncertainties. Non-ferrous metals continue to maintain steady growth in the second half of the year, and mining and processed products are expected to maintain sustained growth. The overall output of non-ferrous metals for the whole year is expected to be slightly higher than last year's level. ; In the second half of the year, the prices of major non-ferrous metals in the domestic market are still recovering. The profit of a single month in the second half of the year is expected to continue the trend of rebounding from the previous month. restore.