Analysis on the operating environment of China's a

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Mo Xinda: analysis of the operating environment of China's aluminum industry under the supply side reform

on April 6, 2017, the 2017 Southwest China copper and Aluminum Industry Chain Summit Forum, jointly organized by Shanghai Steel Union, mymetal and Shanghai Futures Exchange, kicked off at Chongqing R & F Hyatt Regency Hotel. Mo Xinda, director of the light metals department of China Nonferrous Metals Association, analyzed the general situation of the domestic aluminum industry market, Analyze and predict the development environment of China's aluminum industry based on the specific situation of the issuance and implementation of aluminum industry policies

overview of China's aluminum industry

as a metal material, aluminum has the characteristics of light weight, corrosion resistance, easy recycling and easy molding. The development of China's aluminum industry is mainly driven by domestic demand. Over the past 25 years, China's GDP has increased by an average of 10%, driving China's primary aluminum consumption from 1.2 million tons to more than 32.1 million tons, with an average annual growth of 16%. Driven by demand, China's aluminum production capacity continued to grow. In 2016, the output of alumina, electrolytic aluminum and aluminum materials in China was 60.91 million tons, 31.87 million tons and 57.96 million tons respectively, with an annual average growth rate of 18.6%, 15.7% and 23.9% respectively, accounting for 50%, 55% and 57% of the total global output respectively. The output of aluminum products continued to grow

by the end of 2016, the total assets of China's aluminum industry were 1.56 trillion yuan

China's industrial policy ring ② system integration technology system integration technology directly affects the breadth and level of the use of instrumentation and measurement control science and technology

macroeconomic aspects, Mo Xinda said at the meeting: "we should adhere to the general tone of steady and progressive work". Economic growth should be transformed from high-speed growth to medium and high-speed growth, and the economic structure will be continuously optimized and upgraded, from factor driven, investment driven to innovation driven

in terms of industrial operation and investment, Mo Xinda said that China's policy objectives mainly lie in "optimizing the industrial structure and resolving overcapacity". In May, 2013, the national development and Reform Commission and the Ministry of industry and information technology issued the notice on Resolutely Curbing the blind expansion of industries with serious overcapacity. Since 2013, the Ministry of industry and information technology has published the list of enterprises that meet the requirements of aluminum industry specifications for three times. In October, 2013, the State Council issued the guiding opinions on resolving the contradiction of serious overcapacity. In July 2014, the measures for the implementation of capacity replacement in some industries with serious overcapacity. In October, 2014, the State Council issued the catalogue of investment projects approved by the government. In May 2015, the Ministry of industry and information technology of the national development and Reform Commission issued a notice on the issuance of opinions on the clean-up of illegal projects in the steel, electrolytic aluminum and shipbuilding industries. In June 2016, the general office of the State Council issued guidance on creating a good market environment, promoting the structural adjustment of the non-ferrous metal industry, promoting transformation and increasing benefits. In, the Ministry of industry and information technology announced the elimination of 2.4 million tons of production capacity, involving Cao type 60ka-195ka

the carbon emission of environmental protection is lower than that of polypropylene. The carbon emission transaction of electrolytic aluminum enterprises was launched in 2017. Enterprises with an annual total comprehensive energy consumption of more than 1% standard coal or enterprises with independent accounting need to participate in the transaction; The introduction of the new environmental protection law and the further improvement of national emission standards in the future will continue to promote the technological upgrading of aluminum enterprises to meet the needs of development; According to the 2017 work plan for air pollution prevention and control in Beijing Tianjin Hebei and surrounding areas, "26+2" areas will implement production reduction. Among them, the production of electrolytic aluminum cells and alumina production lines was reduced by 30%; If the carbon reaches the special emission limit, the production will be reduced by 50%. If not, all production will be stopped

power consumption environment. Mo Xinda said, "the power cost accounts for more than 40% of the production cost, which is the core competitiveness of aluminum plants". At the same time, different regions, power consumption modes, resource prices, etc., lead to large differences in power consumption prices among regions, which is an important factor leading to excess

in terms of import and export policies, the State encourages the import of resources, restricts the export of "two high and one capital" products, and encourages the export of high value-added products

in terms of aluminum consumption environment, according to the statistics of cancer express, the consumption of raw aluminum in 2016 was 31.2 million tons, an increase of 8.8% year-on-year

in terms of traditional consumption, in 2016, the national housing construction area was 7.59 billion square meters, a year-on-year increase of 3.2%, and the new housing construction area was 1.67 billion square meters, an increase of 8.1%; The automobile output was 28.1188 million, with a year-on-year increase of 14.46%, and the growth rate increased by 11.21 percentage points year-on-year; The completed investment in power infrastructure was 542.6 billion yuan, an increase of 16.9% year-on-year. In addition, new growth points of aluminum application in China continue to emerge, providing strong support for expanding aluminum consumption. In the field of transportation, "aluminum replaces steel", in the field of electric power, "the newly formed surface becomes a smooth and flat sheet, and aluminum saves copper", in the field of construction, "aluminum saves the end"

summary and reflection

the general idea of supply side structural reform is to strictly control the new production capacity of electrolytic aluminum, cultivate the market, guide consumption, increase effective supply, and constantly expand the application of aluminum in accordance with the principle of electrolytic aluminum to meet domestic demand. Yan Kong added production capacity with discipline to reduce the cost of competition; Continuously reduce the consumption of energy and raw materials to achieve cleaner production; Strengthen technological innovation and increase limited supply; Regulate export order and actively respond to international trade frictions

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