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October 28, 2010

Shanghai Nonferrous Metals Prices for 27 Otc 2010

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Product Name Lowest Price (RMB) Highest Price (RMB) Medium Price City
1# Copper 63250 63400 63325 Shanghai
A00 Aluminium 16020 16060 16040 Shanghai
1# Plumbum 17600 17800 17700 Shanghai
0# Zinc 19750 21000 20375 Shanghai
1# Zinc 19700 19750 19725 Shanghai
1# Nickel 178000 179000 178500 Shanghai
1# Tin 158000 160000 159000 Shanghai
1# Cobalt 335000 355000 345000 Shanghai
1# Stibium 70500 71500 71000 Shanghai
2# Stibium 69500 70500 70000 Shanghai
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Nonferrous Metal, Nonferrous Metals Prices

October 28, 2009

China Ready for Utilization of Secondary Nonferrous Metals

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It is reported that Chinese Ministry of Industry and Information Technology has finished drafting of the “Specific Plan for Utilization of Secondary Nonferrous Metals in 2009-2015,” which is ready for soliciting public opinions.

The plan says that the country will produce 11 million tons of secondary nonferrous metals by 2015, almost double the current amount, according to Wang Gongmin, an official of China Nonferrous Metals Industry Association.

By 2015, the plan determines that secondary product outputs of refined copper, aluminum, and lead should amount to over 40 percent, 30 percent, and 30 percent of that the yearly outputs of refined copper, electrolytic aluminum, and refined lead.

According to the plan, the country will also launch some demonstration projects, industrial parks, and markets, which will benefit from the government’s capital and policy supports.

China’s secondary nonferrous metals total output was 2.51 million tons in the first half of this year, including secondary copper of 950,000 tons and secondary aluminum of 1.2 million tons, down 16 percent and 7.6 percent respectively on year.

China’s producers of secondary nonferrous metals are mostly private companies. According to Wang, the industry has seen excessive production capacity. Therefore, the plan will establish new access threshold for establishment of new companies, so as to optimize the industry’s structure.

In 2008, China produced 5.3 million tons of secondary nonferrous metals, with an overall output value of over 220 billion yuan. As a number of enterprises launched new projects with low costs during the financial crisis, the country is expected to add a new production capacity of 1.2 million tons this year.

China is the largest importer of nonferrous scrap metals in the world, with two thirds of the country’s demand being imported from abroad.

Wang warned that producers should remain prudent in expanding production capacities, since nonferrous scrap metals are of a limited amount in the world.

The production of secondary metals is more environmental friendly than that of primary metals. For example, the energy consumed in producing secondary aluminum only requires 5 percent of that in producing primary aluminum.

Nonferrous Metal, Nonferrous Metals Prices

China Nonferrous Industry Recovering

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It is said from Kang Yi (chairman of China Nonferrous Metals Industry Association) at the National Nonferrous Metals Industrial Development Forum on Monday that China’s nonferrous metals industry is recovering and major large-scale nonferrous enterprises have mostly escaped from their previously difficult positions.

China’s nonferrous metals industry began heating back up in March. By May, the industry’s major large-scale enterprises had climbed out of the red and become profitable. In the third quarter, most large enterprises managed to shake off their difficulties and return to normal operation.

From January to September, the industrial added value of the nonferrous industry increased by 9.3 percent on a year ago, 0.6 percentage points higher than the national average. Output of the ten major nonferrous metals totaled 18.6 million tons, down 1.87 percent on year. The association expects this year’s output to surpass last year’s by a small margin. Meanwhile, the first three quarters saw a fixed assets investment of 187 billion yuan in the industry, up 15 percent from a year ago, and investment for newly started projects of 195.6 billion yuan, up 18.5 percent on year.

“Although nonferrous metals firms have mostly come out of troublesome situations, the whole industry’s future remains uncertain,” said Kang.

From January to August, large-scale nonferrous companies earned a combined profit of 30.8 billion yuan, down 61.9 percent on year, and their total import and export value dropped 27.4 percent on year to 48.7 billion US dollars.

Kang expects that 2009 will generally see increased imports and decreased exports of nonferrous metals. “The global financial crisis still carries many uncertain impacts,” Kang noted.

China’s nonferrous industry was among the earliest to be impacted by this round of global financial crisis, with product prices dropping significantly and exports shrinking sharply. In response to the financial crisis, China’s State Council unveiled the Restructuring and Reinvigorating Plan for Nonferrous Industry early this year.

Further, related government departments purchased aluminum, copper, zinc, titanium ingot and indium for state reserves, improved export rebate rates of 78 tariff items, scratched 30 nonferrous metals and chemical compounds from the barred-from-export list, lowered export duties of 17 nonferrous metals and approved 15 electrolytic aluminum producers with cheaper power prices via direct power supply.