The decline in benefits of the non-ferrous metal industry further narrowed from January to May
Source: Ministry of Industry and Information Technology Raw Materials

From January to May 2019, the non-ferrous metal industry remained generally stable, with further narrowing of the decline in efficiency and boosting industry confidence.
Firstly, overall production remained stable, with prices falling year-on-year. From January to May, China's production of ten non-ferrous metals reached 23.41 million tons, a year-on-year increase of 4%. Among them, the production of copper, aluminum, lead, and zinc were 3.7 million tons, 14.45 million tons, 2.38 million tons, and 2.27 million tons, respectively, with year-on-year increases of 4.4%, 2.7%, 15.8%, and -0.6%. The production of copper and aluminum materials reached 6.85 million tons and 21.98 million tons, with year-on-year growth of 11.7% and 6.5%, respectively, with growth rates expanding by 2 and 4.8 percentage points. The average spot prices of copper, aluminum, lead, and zinc were 48589 yuan/ton, 13781 yuan/ton, 17029 yuan/ton, and 22088 yuan/ton, respectively, a year-on-year decrease of 6.5%, 4%, 11%, and 13.2%.
The second is that the decline in efficiency has further narrowed, and industry confidence has been boosted. From January to May, the non-ferrous industry achieved a profit of 60.74 billion yuan, a year-on-year decrease of 5.5%, but the decline narrowed by 8.1 percentage points compared to the first quarter. Among them, the mining and smelting industries achieved profits of 12.72 billion yuan and 24.33 billion yuan respectively, a year-on-year decrease of 26.4% and 3.8%. Some of the non competitive production capacity in the electrolytic aluminum industry was shut down, the supply-demand contradiction was alleviated, and production costs decreased year-on-year. The aluminum smelting industry changed from a loss of 830 million yuan in the first quarter to a profit of 6.75 billion yuan from January to May, with a year-on-year increase of 79.5% in benefits; The processing industry achieved a profit of 23.69 billion yuan, a year-on-year increase of 8.9%. The enterprise confidence index compiled by the Nonferrous Metals Association has rebounded for two consecutive quarters, with a cumulative increase of 1.7 basis points from the fourth quarter of 2018, reaching 50.3.
Thirdly, the year-on-year decrease in investment has led to a decline in the growth rate of aluminum exports. From January to May, investment in the non-ferrous metal industry decreased by 9.4% year-on-year, narrowing the decline by 1.3 percentage points compared to January to April. Among them, the investment in mining and selection decreased by 7.9% year-on-year, and the investment in smelting and processing decreased by 9.7% year-on-year. Aluminum exports reached 2.2 million tons, a year-on-year increase of 10.9%, with a year-on-year decrease of 3.4 percentage points. The cumulative export value was 6 billion US dollars, with a year-on-year increase of only 2.1%. The unit price of aluminum exports decreased by 7.9%.

Dongguan Sanhe Machinery Co., Ltd
Main productsCopper sleeve, copper bearing, copper worm gear, copper guide plate, copper ball seat.
Scope of supporting services: punching and forging machine tools, powder forming machinery, die-casting and peripheral spray machinery, rubber and plastic machinery, mining, metallurgical machinery, engineering machinery, air, port and marine equipment, recreation facilities, die cutting, printing machinery, etc.