In the first half of 2011, the national economy maintained a healthy and steady development as the country accelerated the transformation of its economic development mode, strengthened macroeconomic control, accelerated the structural adjustment, and further curbed the implementation of a series of macroeconomic policies such as inflation. As a raw materials industry, the non-ferrous metals industry has basically met the needs of national economic construction. The scale of the industry has grown steadily and the economic benefits have improved markedly. Overall, it has maintained a stable operation. Garment Bags,Suit Bag,Dress Bag,Clothing Bag Nantong Kezheng Packing Co.,ltd , https://www.ntdazhengplastic.com
First, the first half of the industry operation
From January to June this year, the industrial added value of non-ferrous metal enterprises above the designated size (industrial enterprises with a business income of over RMB 20 million, the same below) was calculated at a comparable price and increased by 12.3% over the same period of last year. The increase was lower than the increase of national industrial added value. 2 Percentage.
(I) The output of products has grown steadily. From January to June this year, the output of ten kinds of non-ferrous metals was 16.5533 million tons, an increase of 7.27% compared with the same period of last year. Compared with the average annual growth rate of 13.8% during the “Eleventh Five-Year Plan†period, there was a noticeable drop. Among them, 2.519 million tons of refined copper, 8.86 million tons of primary aluminum, 2.197 million tons of lead, and 2.529 million tons of zinc were up 11.54%, 4.40%, 23.50%, and 2.14% over the same period of last year. The above-scale enterprises produced 3.556 million tons of six kinds of concentrates, an increase of 11.74% over the same period last year. Among them, the metal content of copper concentrate was 591,000 tons, a year-on-year increase of 11.00%; the metal content of lead concentrate was 1.10.1 million tons, an increase of 23.11% over the same period of last year; the metal content of zinc concentrate was 1.801 million tons, a year-on-year increase of 7.00%. The output of alumina was 17.37 million tons, an increase of 18.03% over the same period of last year. Copper production was 4.776 million tons, a year-on-year increase of 17.78%; aluminum production was 111.38 million tons, a year-on-year increase of 26.7%.
(B) to achieve a significant increase in profits. From January to May this year, the non-ferrous metal industrial enterprises (excluding independent gold companies, the same below) realized their main business income of 144.61 billion yuan, an increase of 37.1% year-on-year. From January to May of this year, non-ferrous metals industrial enterprises above the designated size achieved a profit of 65.42 billion yuan, a year-on-year increase of 42.4%, an increase of 14.5 percentage points higher than the profit growth of industrial enterprises above designated size in the same period.
(III) Investment maintains steady growth. From January to June this year, non-ferrous metals industry (excluding independent gold companies) completed a total of 194.72 billion yuan in fixed asset investment, an increase of 28.2% over the same period of last year. Among them, non-ferrous metal mining completed fixed asset investment 35.19 billion yuan, an increase of 15.0%, accounting for 18.1%; non-ferrous metal smelting completed fixed assets investment 86.52 billion yuan, an increase of 33.7%, accounting for 44.4%; non-ferrous metal rolling processing fixed The investment in assets was 73.01 billion yuan, a year-on-year increase of 29.0%, accounting for 37.5%. The non-ferrous metal industry's total investment in fixed assets accounted for 1.56% of the country's total investment in fixed assets (excluding rural households), an increase of 2.6 percentage points higher than the national investment in fixed assets.
(d) The export situation continues to improve. From January to June this year, China's non-ferrous metal import and export trade totaled 76.09 billion U.S. dollars, an increase of 27.73% over the same period of last year. Including: Imports amounted to 54.77 billion U.S. dollars, an increase of 17.87% over the same period of last year; the value of exports was 21.32 billion U.S. dollars, an increase of 62.28% over the same period of last year. The deficit in import and export trade was 33.45 billion U.S. dollars, a year-on-year increase of 0.28%.
Second, the first half of the operation analysis
From the perspective of the first half of the year, the non-ferrous metals industry in China has generally maintained a stable operating trend. Product output and investment have maintained steady growth, and extensive development models relying on smelting production expansion are changing. The following features and problems are present throughout the operation of the industry:
(a) The cost has increased rapidly and operating pressure has increased. The increase in the price of coal, electricity, oil, transportation, and raw materials has caused the increase in the cost of non-ferrous metals companies to exceed the increase in revenue, and the profitability of non-ferrous metal companies has been further reduced. At the same time, the profit of the non-ferrous metals industry has become more apparent in the concentration of enterprises with resources and energy.
In addition, as the country implements financial policies to curb inflation, domestic banks are tightening monetary policy, and corporate liquidity is tight, and business pressure is gradually increasing.
(II) The growth rate of new projects started to decline, and the investment trend shifted to the west. The investment in new projects started in the non-ferrous metals industry showed a downward trend, and the decline in the second quarter was slower than that in the first quarter. In the first half of this year, the investment in non-ferrous metal industry projects was tilted toward the west. Among them, investment in new projects in 12 western provinces and regions was 126.97 billion yuan, accounting for 51.4% of the nation's new non-ferrous construction projects. Xinjiang accounted for 16.7% of the total investment in new non-ferrous construction projects in the country; Qinghai accounted for 15.2% of the nation's nonferrous new projects; Inner Mongolia accounted for 5.1% of the nation's nonferrous new projects; Guangxi accounted for investment in new nonferrous projects across the country. 4.9%.
(c) The price of the whole price range was within a narrow range, and the prices of different varieties were significantly different. From January to June this year, the global non-ferrous metals prices showed a relatively strong range-bound operating characteristics. The price trend in the domestic market was generally weaker than the international market. In the second quarter, the domestic and foreign market prices fell slightly from the first quarter. In the first quarter, copper prices hit a record, and the situation in the second quarter was downward. The price changes of non-ferrous metals and the factors that affect prices have diverged. Copper, nickel and other kinds of China's shortage of metal species rose, China's successive introduction of measures to control inflation, to a certain extent, affect the further rise in copper prices; electrolytic aluminum prices rose significantly lower than the price of other metal varieties, and mainly driven by rising costs; tungsten The prices of rare metals such as molybdenum, tin, antimony, and rare earths have risen sharply, which is influenced by China's successive introduction of policies for the rational development and utilization of advantageous resources.
(d) The cost of the electrolytic aluminum industry has increased and profits have dropped significantly. From January to May of this year, aluminum smelting enterprises (including electrolytic aluminum and alumina) realized profits of 5.22 billion yuan, a year-on-year decrease of 23.6%, due to continued low prices of electrolytic aluminum and rising costs. With the increase in domestic electricity prices, the cost of electrolytic aluminum continues to rise. According to preliminary calculations, after the price increases in 15 domestic provinces in June, the average price of electricity rose by 2 points/kWh. Together with the increase in the price of carbon products, the manufacturing cost of electrolytic aluminum rose by more than 300 yuan, and the profitability of electrolytic aluminum enterprises was further compressed. At present, the enterprises in the central and eastern regions, Sichuan, Guangxi, and Guizhou are in a state of loss or profit, and the profits of the industry are further manifested in the situation where coal-electricity-aluminum integrated enterprises are concentrated.
Third, the second half of the non-ferrous metals industry trends
Initially, in the second half of 2011, China’s non-ferrous metal industry production will continue to maintain a steady growth trend. The annual output growth of ten non-ferrous metals is expected to be around 10% this year; as the global economic environment becomes increasingly complex, especially the U.S. debt ceiling is pending and In the euro zone sovereign debt crisis, the financial attributes of non-ferrous metals will become more prominent. Coupled with the domestic demand for non-ferrous metals in the second half of the year, non-ferrous metal prices will generally be in a highly volatile pattern, and the economic efficiency of enterprises will continue to grow. However, with the increase in domestic exports of copper and aluminum processed products and the rise of various forms of trade protectionism, trade friction will increase.