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MIIT: 2013 non-ferrous operating environment as a whole will be better than this year

Date:2014-08-27

Source: China Mineral Technology Network January 4, 2013

      Recently, the State Ministry of Industry and Information Technology released 2012 report on China's industrial economy, the report noted that with the infrastructure investment to accelerate the introduction of "five" national strategic emerging industry development planning and implementation of projects that benefit the energy-saving products, for consumer demand for non-ferrous metals, especially deep processing non-ferrous metal products will increase further, non-ferrous metals industry as a whole is expected next year will be better than this year's operating environment, production will show steady growth, efficiency situation has improved, but the recovery momentum is still insufficient.

      Report, 1-11 months, non-ferrous metal sector grew by 14%, the growth rate and the year-ago quarter. Ten kinds of nonferrous metals output 33.84 million tons, an increase of 8.4%, the growth rate down 1.9 percentage points over the same period last year, including copper, aluminum production increased by 7.9% and 12.3% respectively. Sharp drop in profit and loss, the aluminum smelting industry overall loss. 1-10 months, profit 147.5 billion yuan, down 16.2 percent, a decline narrowed 3.4 percentage points over the first three quarters; main business income margin was 3.98%, down 1.39 percentage points; smelting and rolling processing industry where profit margins was 2.78 percent, down 1.3 percentage points, of which the aluminum smelting industry (including alumina enterprises) breakeven net loss of 1.35 billion yuan; business loss was 19.2%, the amount of loss grew 1.5 times.

      Direct cause of the nonferrous metals industry profits decline is the market price of non-ferrous metals fell at home and abroad, while electricity and energy prices and a substantial increase in interest expenses and other financial expenses; fundamental reason is due to overcapacity in some products, companies have owned mine raw materials and the proportion of low self-energy, high-value-added products less competitive and other structural problems. Investment structure has improved. 1-11 months, non-ferrous metals industry fixed asset investment grew 17.7 percent year on year, down 14.8 percent, which fell 0.5 percent smelting projects, mines and rolling processing industry investment grew 17.9% and 41.7% respectively. Overall operating environment is expected next year may be better than this year.

With infrastructure investment to accelerate the introduction of implementation of the "Twelfth Five-Year" national strategic emerging industry development planning and energy-saving products Huimin engineering, consumer demand for non-ferrous metals, especially deep processing of non-ferrous metal products will further increase. Under the national monetary easing policy to stimulate the international market non-ferrous metal prices will continue to show shock pattern, but the average annual price may be better than this year, business difficulties will be eased. But exit policy of home appliances, some low-end products, excess capacity, eliminate backward production capacity pressures and instability in international financial markets factors, but also the development of next year will restrict the formation of non-ferrous metals industry. Next year, non-ferrous metal industry basically stable operating conditions, restructuring will further increase. Consumer demand for non-ferrous metals, especially deep processing of non-ferrous metal products will further increase. Under the national monetary easing policy to stimulate the international market non-ferrous metal prices will continue to show shock pattern, but the average annual price may be better than this year, business difficulties will be eased. But exit policy of home appliances, some low-end products, excess capacity, eliminate backward production capacity pressures and instability in international financial markets factors, but also the development of next year will restrict the formation of non-ferrous metals industry. Next year, non-ferrous metal industry basically stable operating conditions, restructuring will further increase.

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