The non -ferrous metal industry is expected to maintain smooth operation

At the launch of the Nonferrous Metal Industry Economic Operation Conference recently, Chen Xuesen, member of the Standing Committee of the Party Committee of the China Nonferrous Metal Industry Association, reported that in the first half of this year, in the face of the complex and severe international environment and the domestic epidemic Implement the decision -making deployment of the central epidemic prevention and control and steady growth, the industry's operation has maintained a smooth trend.

The prices of main varieties are rising and falling

In the first half of the year, the price of some non -ferrous metals fluctuated significantly, causing deep attention in the industry. The Nonferrous Metal Industry Association provides early warning plans and aftermath measures, multi -channel reflecting corporate demands, maintaining the health order of the market, and a good response in the industry.

Gu Fengda, director of Guoxin Futures Research and Consultation Department, pointed out that thanks to the rigorous and strict institutional rules of the domestic futures market, the futures company has helped customers to do a good job of risk management under extreme markets. Taking nickel varieties as an example, although domestic nickel futures prices have experienced significant fluctuations, the overall operation is smooth and orderly, which plays a positive role in global nickel prices return rationality. Therefore, the price of domestic resource products is more milder than overseas.

In the first half of the year, non -ferrous metal production remained stable. Ten commonly used non -ferrous metals were 32.833 million tons, an increase of 1.0%year -on -year. Among them, the output of refined copper was 5.333 million tons, a year -on -year increase of 2.5%; the output of raw aluminum was 19.68 million tons, a decrease of 0.3%year -on -year in the first quarter to 0.7%.

With the joint efforts of all parties, the prices of the main colored metal varieties have risen. In the first half of the year, the average price of aluminum in the domestic spot market was 21,435 yuan/ton, an increase of 23.0%over the same period last year, and the increase fell 14.1 percentage points from the first quarter. The increase fell by 6.6 percentage points from the first quarter. In June, the average spot price of copper in the domestic market was 69416 yuan/ton, a decrease of 4866 yuan/ton in April in April from the average monthly price, a decrease of 6.6%; The highest price fell 2781 yuan/ton in February, a decrease of 12.2%.

Gu Fengda believes that in the first half of the year, the domestic non -ferrous metal smelting industry took advantage of its own capacity concentration and strong operation and maintenance management capabilities. Promoting the supply and stable production of the industry contributed to the relatively smooth operation of the domestic nonsense industry in the first half of the year.

Enterprise international operation capacity enhancement

In the first half of the year, the importance of copper concentrate imports was 12.481 million tons, an increase of 8.6%year -on -year, an increase of 1.9 percentage points from the first quarter; the import volume of copper and copper materials was 2.942 million tons, an increase of 5.3%year -on -year, compared with the first quarter, compared with the first quarter The increase has expanded by 2.7 percentage points; the import volume of aluminum ore was 65.2 million tons, an increase of 18.1%year -on -year, a 2.2 percentage point from the increase in the first quarter. In the first half of the year, the export volume of non -forged aluminum and aluminum materials was 3.509 million tons, an increase of 34.1%year -on -year, an increase of 7.4 percentage points from the first quarter; the export volume of rare earth was 26,000 tons, a year -on -year increase of 10.1%, an increase of 3.6 over the first quarter, a 3.6 increase of 3.6 increased by 3.6 from the first quarter. One percentage point.

In the first half of the year, the increase in imports and exports of the main non -ferrous metal varieties showed that the overseas investment and international operating capabilities of non -ferrous metal enterprises were increased. In recent years, with the implementation of the "Belt and Road" initiative project with the "Belt and Road" initiative, colored metal companies have made significant progress in overseas investment and international operations. For the first time this year, the overseas assets of non -ferrous metal enterprises were sorted and the internationalization index was calculated in accordance with international practice. Data showed that among the top 20 overseas assets of non -ferrous metal companies, overseas assets accounted for more than 30%of their total assets; overseas assets exceeded 10 billion yuan The yuan enterprise reaches 17. The internationalization index is close to and more than 50%of the enterprises reached 5.

As the main raw material for new energy power batteries, with the rapid development of the electric vehicle industry in the first half of the year, the demand for nickel and cobalt lithium has increased, which also brings the world's attention to nickel -cobalt lithium resources and intensify competition. Due to the failure to match the development of the upstream and downstream industries, the downstream construction speed is fast, but the upstream raw material construction cycle is long, the supply of raw materials is tight, and the price rises. my country's colored enterprises have an earlier layout in the acquisition and development of nickel and cobalt lithium resources overseas. At present, competition has exacerbated a significant impact on my country's overseas supply chain stability.

It is worth noting that due to the continuous spread of the global epidemic, Chinese -funded enterprises generally face the problems of overseas logistics blockage, tight capacity, and high freight rates. Chen Xuesen suggested that overseas enterprises signed long -term transportation contracts to improve overseas operations.

Chen Xuesen said that in the second half of the year, the import of raw materials such as copper and aluminum mines is expected to maintain stable or slightly increased. The increase in the export of non -ferrous metal products may slow down, but the annual export increase is still expected to be higher than the previous year.

Gu Fengda believes that for the main source of imports of colored resources in my country, the purchase capacity of the renminbi has increased significantly in the local area, which is conducive to the increase in import and export volume of non -ferrous metal varieties in my country.

The increase in investment is expected to be higher than last year

From the perspective of the domestic economic environment, the more positive factors of the non -ferrous metal industry in the second half of the year have increased. The development of renewable energy such as photovoltaics and wind power, the lightweight, electrification and new energy battery production of automobiles, and the expansion of new energy batteries will also drive the increase in color metal demand.

"Overall, the external environment is becoming more severe and complicated. A series of stable economic policies issued by the state will gradually be effective, and the domestic economy is expected to stabilize and recover in the second half of the year." According to the macro environment at home and abroad, the non -ferrous metal industry in the second half of the year will continue to maintain Stable operation momentum. First of all, the overall production of non -ferrous metal industry in the second half of the year remains stable, and the annual growth rate is expected to reach about 3%. Secondly, the decline in the prices of the main non -ferrous metals in the second half of the year has increased, but the possibility of a sharp decline in cost support is not much high. It is expected that the annual average price of the main non -ferrous metals throughout the year is still expected to be flat or slightly higher than the previous year's average price. Essence Third, non -ferrous metal enterprises in the second half of the year have slowed profit increases, but the achievements of the whole year are still expected to be generally the same as the previous year. Fourth, the fixed asset investment amount of the non -ferrous metal industry in the second half of the year will continue to maintain a growth trend, and the annual growth rate is expected to be higher than last year. In order to cope with the adverse effects of the fierce price fluctuations on industry companies, Chen Xuesen suggested that enterprises should do a good job in price risk control and operating strategy adjustment, strengthen the research of market fundamentals, and pay attention to the market trend analysis of regularly judged the release of the non -ferrous metal association; at the same time, do it at the same time; Good hedging work, adjust inventory and operating strategies to avoid risks.

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