High price shocks continue to rebound - Analysis of China's non-ferrous metals industry in the first quarter of this year

In the first quarter of this year, China's non-ferrous metal industry production maintained a steady growth trend; the main non-ferrous metal prices in domestic and foreign markets fluctuated at a high level, and copper prices hit a new historical high; the economic benefits of non-ferrous metal industry enterprises above designated size continued to rise, but the increase was smaller than the increase of industrial enterprises across the country. .

Production rose steadily from January to March, and the industrial added value of non-ferrous metals enterprises above the designated size (industrial business income above RMB 20 million, the same below) increased by 10.7% over the same period of last year at comparable prices, with an increase of 11.3% in March. From January to March, the increase in industrial added value of non-ferrous metal enterprises was 3.7 percentage points lower than the increase in industrial added value nationwide. From January to March, the output of ten non-ferrous metals was 7.827 million tons, an increase of 5.52% over the same period of last year. Among them, 1.195 million tons of refined copper, 4.036 million tons of primary aluminum, 1.071 million tons of lead, and 1.24.3 million tons of zinc, respectively, increased by 10.32%, -0.42%, 27.88%, and 6.32% over the same period of last year.

The profits of enterprises continued to rise, but the rate of increase decreased by 1 to 2 months. Non-ferrous metal industrial enterprises (excluding independent gold companies) achieved a profit of 19.74 billion yuan, a year-on-year increase of 28.5%, an increase of 34.3% over the same period of the national industrial enterprises above designated size. %, 5.8 percentage points lower. Among them, state-controlled enterprises realized profits of 5.49 billion yuan, a year-on-year increase of 25.7%, accounting for 27.8%; privately-controlled enterprises realized a profit of 10.49 billion yuan, an increase of 48.2%, accounting for 53.1%. Among them, commonly used non-ferrous metal (copper, aluminum) processing companies realized profits of 6.22 billion yuan, an increase of 21.1%; copper smelting enterprises realized profits of 2.27 billion yuan, an increase of 53.7%; aluminum smelting enterprises (including alumina companies) to achieve a profit of 1.79 billion Yuan, a year-on-year decrease of 41.8%; tungsten and molybdenum mining companies realized profits of 620 million yuan, an increase of 78.5%; rare earth metal smelting profits of 1.04 billion yuan.

Completion of the increase in fixed asset investment fell from January to March, non-ferrous metals industry (excluding independent gold companies) completed a total of 53.27 billion yuan investment in fixed assets, an increase of 17.9% over the same period last year. The non-ferrous metals industry's total investment in fixed assets accounted for 1.35% of the country's total investment in fixed assets (excluding rural households), an increase of 7.1 percentage points lower than the national investment in fixed assets. From January to March, the investment in newly started projects in the non-ferrous metal industry was 47.24 billion yuan, a decrease of 33.9% from the same period of last year.

Total import and export trade rebounded In the first quarter, China's non-ferrous metals import and export trade totaled US$32.62 billion, an increase of 26.22% over the same period of last year. Among them, the import volume was 23.95 billion U.S. dollars, an increase of 16.56% over the same period of last year; the export volume was 8.67 billion U.S. dollars, an increase of 63.4% over the same period of last year. The balance of import and export trade in the first quarter was US$15.27 billion, an increase of 0.33% year-on-year. In March, the total import and export volume of non-ferrous metals was US$ 12.33 billion, an increase of 16.1% year-on-year and an increase of 46.83% from the previous quarter. Among them, the import value of 8.58 billion US dollars, an increase of 4.82%, an increase of 34.77%; export value of 3.74 billion US dollars, an increase of 54.07%, an increase of 84.71%.

In the next stage, the non-ferrous metals industry must adhere to the scientific concept of development as a guide, resolutely implement the decision-making and industrial policies of the State Council and the State Council, further consolidate the good momentum of development of the non-ferrous metal industry, and ensure that it is the "Twelfth Five-Year Plan". Get a good start.