In 2020, the Non-ferrous metal industry will make coordinated efforts to prevent and control the epidemic of new coronavirus and resume production, continue to deepen supply-side structural reform, promote capacity control and transformation in traditional industries, and speed up efforts to strengthen the foundation of high-end industries and strengthen weak areas, to promote high-quality development of the industry, the overall smooth operation of the industry.

1. Steady growth in production. Production of Non-ferrous metal rose 5.5 percent year on year to 61.68 million tons, an increase of 2 percent, according to the National Bureau of Statistics of the People's Republic of China. The Non-ferrous metal said its business confidence index was 50.1 in the fourth quarter, the second consecutive quarter above the critical level.

2. Gradual recovery in prices. According to the statistics of the Non-ferrous metal, in 2020, the prices of Non-ferrous metal experienced a "v-shaped" trend. Since April, the prices of copper and aluminum have continued to recover. The annual average spot price of copper and aluminum was 48,752 yuan/ton and 14,193 yuan/ton, up 2.1% and 1.7% from the same period last year The annual average spot price of lead and zinc was 14,770 yuan/ton and 18,496 yuan/ton, down 11.3% and 9.7% respectively, and the decrease was 1.7 and 3.8 percentage points narrower than the same period last year.

3. year-on-year increase in total import and export volume. In 2020, the Non-ferrous metal's total import and export trade totaled US $142.7 billion, up 7.7 percent year on year, with imports of US $116.7 billion, up 12.1 percent year on year, and exports of US $26 billion, down 8.3 percent year on year, according to industry analysts.

The 2021 is the opening year of the 14th five-year plan, and the Non-ferrous metal industry will, in accordance with the spirit of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China and the requirements of the Central Economic Work Conference, make a good start, make a good start, and coordinate development and security, organically combine the implementation of the strategy of expanding domestic demand with the deepening of supply-side structural reform, promote the transformation and upgrading of traditional industries, accelerate the intelligent transformation, and realize high-end, green, low-carbon and safe development, to enhance the high-end supply capacity of Non-ferrous metal new materials, expand domestic demand market, help to form a double-cycle pattern, and constantly improve the quality and efficiency of Non-ferrous metal industry development.

In 2020, China's copper industry overall smooth operation, rising price shocks, trade growth year-on-year, industry benefits have improved.

1.The output of refined copper and copper products will be 10.03 million tons and 20.46 million tons respectively in 2020, up 7.4 percent and 0.9 percent year on year, according to the National Bureau of Statistics of the People's Republic of China. In 2020, copper prices experienced a "v-shaped" trend, with the annual average spot price of 48,752 yuan per ton, up 2.1 percent year on year, according to the Non-ferrous metal. In 2020, the total recovery rate of copper smelting was 98.7 percent, an increase of 0.2 percentage points compared with the same period last year. The comprehensive energy consumption of copper smelting was 213.6 kg of standard Coal/ton, a decrease of 5.5 percent compared with the same period last year. Inventories fell to 150,000 tonnes in the second half of December, a 73 per cent drop from the year's high and a normal level, according to industry analysts.

2. year-on-year increase in total trade volume and differentiation in import and export according to the data of the General Administration of Customs, the total volume of import and export trade of copper products in 2020 was 88.8 billion US dollars, up by 9.1% year-on-year, of which the import volume was 82.6 billion US dollars, up by 10.6% year-on-year, and the export volume was 6.2 billion US dollars, year-on-year decrease of 8.8% . In terms of imports, the import volume of scrap copper and copper concentrates was 940,000 tons and 21.77 million tons, down 36.9 percent and 1 percent year-on-year, imports of crude and refined copper totaled 1.03 million tons and 4.67 million tons, up 35.5 percent and 31.5 percent year-on-year. In terms of exports, 740,000 tons of unwrought and rolled copper and copper products were exported, down 11.5 percent year on year.

In accordance with the spirit of the Fifth Plenary Session of the 19th Central Committee of the 2021 and the requirements of the central economic work conference, the entire industry will continue to deepen supply-side structural reform, strictly control the disorderly expansion of copper smelting capacity, and carry out industry standard management, to promote the integrated application of industrial internet and 5G technology in copper enterprises, guide enterprises to accelerate technological progress, break through the shortage of copper-based new materials, and fully tap the potential of copper application in new capital construction, construction engineering and other fields, we will improve the quality and efficiency of industrial development. 

Source: Tongxinbao

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