I. Non-ferrous metal enterprises resume work rate 86.3%

At the press conference of the State Council Office on February 24, the Secretary-General of the National Development and Reform Commission, Cong Liang, said that the resumption rate of industrial enterprises above designated size has gradually increased, of which Zhejiang has exceeded 90%, and Jiangsu, Shandong, Fujian, Liaoning, Guangdong, and Jiangxi have exceeded 70%. In terms of key industries, the resumption rate of iron and steel enterprises is 67.4%, the rate of resumption of non-ferrous metal enterprises is 86.3%, the recovery rate of coal mine production capacity has reached 76%, and the number of railway loadings has returned to about 95% of the normal level before the holiday. All are operating normally.

II. The situation and forecast of the resumption of aluminum downstream industry

According to the SMM survey data, we have carried out a detailed review of the resumption of work in various downstream industries of aluminum, and made predictions on the market situation in February:

The upper aluminum electrolytic smeltery of smelter aluminum was relatively less affected by the epidemic situation. Some aluminum rod plants in Qinghai and Ningxia also produced normally during the Spring Festival. Inner Mongolia, Xinjiang and other places reduced production during the Spring Festival. In January of this year, the average operating rate of electrolytic aluminum enterprises nationwide was 89.5%. It is expected that the operating rate of enterprises in February will remain flat.

1. Aluminum sheet companies

The operating rate of aluminum sheet and strip companies in January was around 62.3%, a decrease of 9.22 percentage points month-on-month in December last year, and a decrease of 2.6 percentage points year-on-year. In terms of enterprise scale, the operating rates of large, medium and small enterprises fell 9.84%, 9.25% and 11.72% from the previous month.

Specifically, the order and production situation of the company is relatively similar to that of December last year. Some large plate and strip companies in Henan, Shandong, and Fujian implemented non-stop measures during the Spring Festival. Small and medium-sized enterprises are basically on holiday in mid-to-late January and until 1 It did not resume production at the end of the month. Most of the companies reported that the demand for the tank materials, machinery and equipment and construction industry was dull, and because of the high aluminum price before the holiday, the stocking of raw materials was not obvious. Due to the slow logistics during the Spring Festival, the shipment was not smooth. The implementation of traffic control in February affected the procurement of raw materials and the delivery of finished products. The industry as a whole was pessimistic about February. It is expected that the operating rate of aluminum sheet and strip companies in February dropped to about 57%.

2. Aluminum foil enterprises

The operating rate of aluminum foil enterprises in January was 73.4%, a decrease of 12.1 percentage points month-on-month. The outbreak of the epidemic aggravated domestic automobile transportation resistance, resulting in a significant decline in the raw material inventory level of aluminum foil companies without their own electrolytic aluminum / aluminum foil billet production plants from January to February. It is also on the high side, and the start of downstream terminals is generally delayed after the holiday. It is expected that the output and orders of aluminum foil companies in February will be weaker than in January.

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