China's non-ferrous metal deep processing industry is doing better

The data provided by the China Nonferrous Metals Industry Association shows that in the first 11 months of 2013, the proportion of the profits made by the processing enterprises in the profits of the chromochrome industrial enterprises reached more than 50%. With the advancement of structural adjustment in the non-ferrous metal industry, the investment boom in deep processing projects is booming, and the competitive advantages of high-tech materials and sophisticated products are expected to gradually develop.

Under the background of China's economic transformation and upgrading, the upstream and downstream industries of non-ferrous metals have continued to adjust to low levels, and the downstream deep-processing industry has maintained a good momentum of development.

In the fourth quarter of 2013, the report of the China Non-Governmental Nonferrous Metals Industry Climate Index showed that the profitability of the non-ferrous metals industry improved, from the 10.3% year-on-year decrease in the third quarter to the year-on-year increase of 4.4%, which ended the downward trend of the total profit for two consecutive quarters. Specifically, the profit of non-ferrous metal mining and smelting industries is still falling year-on-year, and the growth rate of non-ferrous metal rolling processing industry is significantly accelerated. The data provided by the China Nonferrous Metals Industry Association shows that, from January to November 2013, the total non-ferrous metal industrial enterprises (excluding independent gold companies) realized a total profit of 135.97 billion yuan, a year-on-year increase of 4.2%; however, the profits of main activities still decreased by 5.0. %. Among them, the processing enterprises realized a profit of 75.36 billion yuan, a year-on-year increase of 14.4%, and the share of profits of the chromochrome industrial enterprises was 55.4%.

After careful examination, the growth of profits of processing companies is due in part to continuous investment and product mix adjustments. Looking at the development of China's nonferrous metal industry in 2013, investment in non-ferrous metal deep processing projects has increased substantially. According to statistics, in 2013 China's output of ten non-ferrous metals was 40.29 million tons, an increase of 9.9% over the previous year; non-ferrous metals industry (excluding independent gold companies) completed investment in fixed assets of 660.87 billion yuan, an increase of 19.8% over the previous year. Among them, non-ferrous metal rolling processing projects completed 330.34 billion yuan in fixed asset investment, an increase of 40.8%, accounting for 50% of the fixed-metal investment in the fixed-metal industry.

From the perspective of industry development trends, the adjustment of the investment structure of the non-ferrous metals industry is not accidental. The "12th Five-Year Plan for Development of Non-ferrous Metals Industry" clearly stated that we must focus on the development of intensive processing and upgrading of the quality of varieties, and vigorously develop with lightweight, high-strength, large-size, high-temperature resistance, corrosion resistance, and low-cost development. High-strength light-alloy materials such as aluminum, magnesium and titanium meet the needs of strategic emerging industries and major national projects.

The development status of the non-ferrous metals industry shows that China's self-developed short-flow precision copper pipe production technology has reached the world's leading level, the introduction and digestion of multi-stand aluminum sheet with hot continuous rolling and cold rolling equipment, self-developed million tons of large-scale aluminum Extruder and other technologies have also comprehensively improved the technical level of China's aluminum processing equipment.

It is worth noting that although China has made certain progress in the development of new non-ferrous metal materials, the non-ferrous metals industry is still in a state of mass production of low-priced raw materials, high-priced imports of deep-processed products, and far from meeting domestic needs. For a long time, the development risk of new nonferrous metal materials investment, long development cycle and other factors have been restricting the development of China's new non-ferrous metal materials and deep processing products. However, it is worthy of recognition that once the company has made major breakthroughs in the performance and quality of new non-ferrous metal materials and deep-processed products, it will be able to form the core competitiveness of the non-ferrous metal industry in a relatively long period of time. In the next step, non-ferrous metals companies must continue to promote investment restructuring, increase investment in R&D of deep-processed products, innovate research and development mechanisms, enhance independent innovation capabilities, and enhance China's non-ferrous metal industry's competitiveness.

At present, the development of China's non-ferrous metals industry is in an important transition period, and the competitive advantages of high-tech materials and high-precision deep-processing products are also constantly being formed. Industry insiders expect that in 2014, although the overall market demand of the non-ferrous metal industry is unlikely to change significantly, with the deepening implementation of strategic emerging industry development plans and continuous advancement of structural adjustment, deep processing of non-ferrous metals is expected to maintain rapid growth and will support The non-ferrous metals industry operates smoothly.