Operation of non-ferrous industry from January to May

 January to May this year, non-ferrous metal industry production grew steadily, and enterprises rebounded, investment in fixed assets showed the transfer of momentum to the west, high and volatile market prices, imports and exports were normal. 

First, the steady growth of production

January to May, China's 10 kinds of nonferrous metals production was 13.538 million tons, an increase of 6.33%. Among them, 2.042 million tons of refined copper, primary aluminum 7.121 million tons, 1.795 million tons of lead, zinc and 2.083 million tons, respectively, over the same period last year increased by 10%, 3.34%, 24.36% and 1.34%. January to May, production of 14.267 million tons of alumina, an increase of 15.82%.

Second, the business benefits rebounded

January to April, above-scale industrial enterprises realized profits of non-ferrous metals 49.42 billion yuan, up 36.06%, an increase over the same period the profits of industrial enterprises above designated size increased 6.3 percentage points higher. But by the impact of rising electricity costs, aluminum smelting enterprises (including alumina business) profit 4.2 billion yuan, down 30.52%.

Third, the investment trend of showing the transfer to the west

1-5 months, non-ferrous metal industry investment in fixed assets totaled 133.11 billion yuan, up 23.8 percent over last year, an increase of investment in fixed assets than 2 percentage points lower. 1-5 months, non-ferrous metals industry investment in new projects amounted to 179.96 billion yuan, down 2 percent over last year, of which, Xinjiang, Qinghai and other western regions account for the amount of investment in new projects 35% year on year rise, the fixed assets showing the transfer of investment to the western trend.

Fourth, the market price of the high oscillation

In May, the domestic spot price of copper is 68,168 yuan / ton, up 23% year on year, the chain fell 4.8%, aluminum spot price of 16,611 yuan / ton, up 9.5% year on year, basically the same chain. May, LME copper for the $ 8,945 / ton, rose 30.1%, LME aluminum price to $ 2,595 / ton, up 25.4% year on year, you can see, in the first half of the domestic market price of high oscillation, but clearly the weak domestic market prices in the international market.

Fifth, export became normal