The non-ferrous
metals industry’s monthly prosperity index report was released in
Octorber,2016, which was made up by the China nonferrous metals industry
association, China academy of economic trends of the Economic Daily and China
economic monitoring center of the National Bureau of statistics. The report
showed that the prosperity index of non-ferrous metals industry was 27.6.
Compared with last month, it increased by 2.2, rising to the upper edge of a “rather
cold” area. The growth has expanded month by month since the third quarter, and
the whole industry presents a positive trend.
At the same time,
the ex-factory price has risen firstly since 2012. Because of this, the total
profit of non-ferrous metals industry increase dramatically, and the profit
rate gets a great improvement compared to the same period of last year.
Meanwhile, there is a remarkable achievement in terms of scientific and
technological innovation, transformation and upgrading and the green
development. However, in addition to the influence of the rebound in price,
sales status has not been improved obviously; the weakness in demand and the
pressure of excess capacity are still high.
The overall
recovery of the industry
In October, 2016,
China Economy non-ferrous metals industry prosperity index increases 2.2 to
27.6 compared with last month, and the leading synthetic index is 82.5, rising
by 1.9 compared with last month. “Since this year, both the leading synthetic
index and the prosperity index are growing up, especially the prosperity index
has soared in “cold area” and the industry presents a positive trend. “ The
vice secretary-general of China non-ferrous industry Wang Huajun analyses it.
And he estimates that the non-ferrous metals industry will show a stable
recovery tendency in a short term.
According to the
global economic environment, the global economy will remain a moderate growth
in the fourth quarter in 2016; American economy has developed rapidly; European
economy maintains the slow growth. Although it is still in the weak
range in general, the recovery of emerging economies tends to pick up. In terms
of domestic economy, the national economy runs smoothly, which is better than
expectation. Commodity prices continue to rise and the supply and demand of the
domestic market present positive changes. Moreover, RMB devaluation becomes the
impetus for the export growth of the non-ferrous metals industry and also
stimulates the export activities. The non-ferrous metals' allied industries
recover distinctly and the supply-demand relationship improved significantly. (
A Chinese aluminum profiles supplier, Linkedalu Metal Group Co.Ltd translated)
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