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Aluminum industry has tightened its new capacity monitoring

  • Author:Dong Xing
  • Source:Dong Xing
  • Release on :2018-06-15

Following the year-on-year high in mid-April, the domestic aluminum commodity futures prices continued to fall again. June 19 reached a two-month low of 14,070 yuan/ton, but overall, domestic aluminum fundamentals have improved.

Increased capacity management supervision

According to relevant data, the speed of the dematerialization of the electrolytic aluminum inventories has been further accelerated, but it is still at historically high levels. As of June 7, domestic aluminum ingots totaled 1.977 million tons, a decrease of 55,000 tons compared to the previous quarter.

Affected by funds and environmental review, the launch of new electrolytic aluminum capacity will slow down in the first five months of 2018. As of May 24, the scale of China's electrolytic aluminum production to be resumed involved 5.267 million tons, which had already resumed production of 895,000 tons, and it was expected to resume production of 4.372 million tons. It is expected to resume production of 679,000 tons during the year, and it is expected that a total of 14.04 million tons will be realized during the year. .

In 2017, the National Development and Reform Commission jointly issued a “Special Action Plan for Liquidating and Reorganizing Electrolytic Aluminum Industry Violations and Infrastructural Projects” in cooperation with the relevant departments. In 2018, it issued the “About the Further Work on the Work of Strictly Controlling the New Capacities of Electrolytic Aluminum Production”. ”, clearly and strictly implement the replacement policy of electrolytic aluminum production capacity, and strictly prevent the closure of production capacity illegally and illegally to resume production and reconstruction; it is strictly prohibited to add new production capacity in any form in violation of laws and regulations in any form.

On June 13, Premier Li Keqiang chaired a State Council executive meeting to deploy and implement the three-year plan of action for defending the blue skies. It is reported that the meeting clearly pointed out that it is forbidden to add steel, coking, and electrolytic aluminum production capacity in key regions, and to improve the elimination criteria for excess production capacity.

Four ministries on-site inspection and verification

Against this background, the supervision of new aluminum production capacity has continued to tighten, and the Shanxi aluminum recycling project has been inspected.

According to media reports, a few days ago, the Ministry of Industry and Information Technology and the Development and Reform Commission, the Ministry of Natural Resources, the Ministry of Ecology and Environment, and the China Non-Ferrous Metals Industry Association established a joint inspectorate group. In June this year, the "Shanxi Province" coal-electricity- The on-site inspection and verification of the aluminum-wood "Integrated Industrial Pilot Project Commencement Project" was conducted, and the project was accused of illegal construction of new electrolytic aluminum production capacity.

It is reported that the pilot project of the above-mentioned integrated industries started construction in Liulin County. The project relies on the abundant bauxite resources in the region and 1.3 million tons of alumina production capacity, and plans to build 500,000 tons/year electrolytic aluminum projects and 200,000 tons / Hot-rolled aluminum alloy sheet and foil project, 150,000 tons/year auto lightweight bodywork large-section aluminum alloy section project and 150,000 tons/year auto aluminum alloy casting project.

Aluminum capacity replacement breakthrough

This reporter learned that due to the limited capacity of new production, many electrolytic aluminum companies have started to seek performance growth through capacity replacement.