The suspension of a number of high-speed rail projects is directly impacting the domestic aluminum market. The market is showing a trend of double output decline. Zhuo Chuang analyst Guo Feng said yesterday that the high-speed rail project was stopped and caused the situation to be good. The orders for high-speed aluminum strips have dropped sharply, and in some areas, China's aluminum production is likely to return to less than 2 million tons in August, and the export volume will also be greatly reduced.
According to data previously released by the China Nonferrous Metals Industry Association, the output of aluminum in July was 201.15 million tons, a decrease of 8.8% from the previous month.
The Ministry of Finance is planning to reduce the export tax rebate for some commodities, and the export tax rebate rate for some aluminum profiles will be reduced from the current 13% to 9%, which will intensify the impact on low-end enterprises.
A domestic low-end aluminum production company that does not want to be named said that after the continuous encounter with aluminum profiles in Canada, Australia, the United States and other countries, the export situation of the domestic aluminum profile industry has been difficult. "The 4% reduction in export tax rebate rate means that we will increase the export cost of 170 yuan / ton, and the competitiveness of products will decline."
Some companies that focus on the domestic market and high-end products are better off. Lu Changqing, executive director and vice president of China Zhongwang, said that due to the signing of a number of Chinese companies as customers, the company’s second quarter 2011 revenue increased by 87%. Revenue increased by 94%. “We have expanded our large-scale advanced equipment to optimize production capacity and reduce the impact of US anti-dumping and countervailing investigations on some of China's exported aluminum products by increasing the share of China's domestic market and increasing the proportion of high value-added products.â€
In fact, due to the high coal price and electricity price since the first half of the year, and the spot price of electrolytic aluminum continues to climb, many aluminum companies have taken measures similar to Zhongwang in the face of the pressure of rising raw material costs. Structural adjustment of products, some aluminum profile enterprises from the aluminum extrusion processing to the product deep processing strategic transformation, intended to strengthen the industrial chain downstream upgrade, close to the finished end.
According to data previously released by the China Nonferrous Metals Industry Association, the output of aluminum in July was 201.15 million tons, a decrease of 8.8% from the previous month.
The Ministry of Finance is planning to reduce the export tax rebate for some commodities, and the export tax rebate rate for some aluminum profiles will be reduced from the current 13% to 9%, which will intensify the impact on low-end enterprises.
A domestic low-end aluminum production company that does not want to be named said that after the continuous encounter with aluminum profiles in Canada, Australia, the United States and other countries, the export situation of the domestic aluminum profile industry has been difficult. "The 4% reduction in export tax rebate rate means that we will increase the export cost of 170 yuan / ton, and the competitiveness of products will decline."
Some companies that focus on the domestic market and high-end products are better off. Lu Changqing, executive director and vice president of China Zhongwang, said that due to the signing of a number of Chinese companies as customers, the company’s second quarter 2011 revenue increased by 87%. Revenue increased by 94%. “We have expanded our large-scale advanced equipment to optimize production capacity and reduce the impact of US anti-dumping and countervailing investigations on some of China's exported aluminum products by increasing the share of China's domestic market and increasing the proportion of high value-added products.â€
In fact, due to the high coal price and electricity price since the first half of the year, and the spot price of electrolytic aluminum continues to climb, many aluminum companies have taken measures similar to Zhongwang in the face of the pressure of rising raw material costs. Structural adjustment of products, some aluminum profile enterprises from the aluminum extrusion processing to the product deep processing strategic transformation, intended to strengthen the industrial chain downstream upgrade, close to the finished end.
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