In 2009, the non-ferrous industry is still hard to get rid of low-alum aluminum processing plant orders

Comprehensive domestic media December 11 news: The reduction in the price of raw materials related to the reduction in the cost, still did not stop the decline in demand, the non-ferrous metals industry still can not get out of the bottom.
Recently, the governments of Inner Mongolia, Ningxia, and Yunnan have successively lowered their electricity prices by 0.03-0.06 yuan, which is good for aluminum smelting enterprises, which is equivalent to a reduction in the cost of tons of aluminum by 4% to 4.5%, that is, cost savings of 550-600 yuan. Due to the stagnation of new real estate projects in China and the sharp decline in production in the auto industry, it also directly led to a decline in aluminum demand.
China Merchants Securities industry researcher said that so far there are still many aluminum products factory did not receive orders for the first quarter of next year, exports of aluminum products to the United States and the European market will continue to weaken.
It is also because of the sharp drop in orders and the huge inventory of aluminum manufactured products, aluminum processing plants have gradually reduced production to meet the rapidly falling demand.
Although Yunnan and Guangxi have successively stated that they have purchased metals to support prices, metals have fallen sharply in a weak market atmosphere.
CICC stated that in the context of the global economic slowdown, the global non-ferrous metal demand growth rate continued to decline in 2009, and the non-ferrous metal prices were operating at a weaker level, and the entire industry will remain at a low level. Among them, domestic electrolytic aluminum prices are expected to hit historical lows in 2009, falling to 9,000 yuan/ton, and copper prices continue to face downward pressure.