Liu Xiangmin, Vice President of Aluminum Corporation of China (601600.SH; 02600.HK), recently put forward a viewpoint at an internal meeting of the China Nonferrous Metals [0.242.17%] Industrial Association. “Transforming the development method is likely to promote the fundamentals of domestic aluminum consumption. change."
According to statistics provided by Liu Xiangmin, China consumed more than 16 million tons of primary aluminum in 2010, close to the total consumption of 16.727 million tons of primary aluminum in the world in 1986; it was the sum of 3.87 million tons of primary aluminum consumption in the United States and 2.24 million tons in Japan in 2009. 2.61 times, "So no matter from the per capita consumption or unit GDP consumption, China's aluminum consumption has reached a very high level."
In spite of the high aluminum consumption, the major problem that domestic electrolytic aluminum companies have to face is that the profitability of the entire industry is facing serious problems.
Last year, China Aluminum's annual operating income was 121 billion yuan, an increase of 72.19% over the same period, and a net profit of 778 million yuan was realized. In 2009, China Aluminum's sales revenue was only 70.28 billion yuan, a year-on-year decline of 8.4%, and net profit was a loss of 4.65 billion yuan.
Zhongfu Industry [12.60-5.55% shares] (600595.SH) last year's operating income of 10.826 billion yuan, an increase of 69.04%; but the net profit of only 221 million yuan, a decrease of 28.65%.
In 2010, the output of electrolytic aluminum in China was 16.19 million tons, an increase of 26.07% over the same period of last year, accounting for more than 40% of global output for the first time. At that time, electrolytic aluminum production capacity reached 22 million tons, and there are currently a large number of new and proposed electrolytic aluminum projects.
Li Defeng, Director of Aluminum Department of China Nonferrous Metals Industry Association, predicted that during the “12th Five-Year Plan†period, the electrolytic aluminum industry will face a state of relative supply surplus. With the gradual increase of average social cost, the profitability of the whole industry will continue to decline. , electrolytic aluminum industry has entered the "marginal effect era" of fierce competition.
Li Defeng predicts that by 2015, the global primary aluminum production capacity will reach 60 million tons, China’s primary aluminum production capacity will reach 30 million tons, and China’s annual output of electrolytic aluminum will be maintained at 22 million tons. By then, it will have a million tons of electrolytic aluminum production and processing capacity. There will be more than 10 large companies or groups that have basically coordinated upstream and downstream industry chains.
At present, the global electrolytic aluminum production capacity has begun to gradually shift to energy-rich regions. Liu Xiangmin believes that from an international perspective, with the further increase in global energy costs, especially the possibility of carbon costs in Europe and the United States included, electrolytic aluminum production capacity will continue to move to the Middle East, Russia and other low energy cost regions.
According to incomplete statistics, five electrolytic aluminum projects in Qatar, Russia, the United Arab Emirates, and India took a total of 2.71 million tons of capacity from 2009 to 2011; six proposed projects have a total capacity of 4.51 million tons.
Domestic electrolytic aluminum is also gradually shifting to the west. In 2010, domestic electrolytic aluminum construction capacity was 4.44 million tons, of which 68% was located in Gansu, Xinjiang, Qinghai, Inner Mongolia and Ningxia, and the new production capacity was approximately 1.5 million tons. In Ningxia, Gansu, Xinjiang, Inner Mongolia and other regions.
In 2010, the total AC power consumption of electrolytic aluminum was 13,979 kWh/ton, and the average electricity price of the industry exceeded 0.45 yuan/kWh, which was the highest in the world. Li Defeng said that the average electricity price in the electrolytic aluminum industry in China is the highest in the world, and the total electricity cost accounts for more than 40%, while the foreign electricity cost accounts for about 25% to 30% of the total cost of electrolytic aluminum, with labor costs and financial costs. With the continuous increase in the cost of raw materials, the competitiveness of China's electrolytic aluminum industry is gradually decreasing.
In fact, domestic electrolytic aluminum shifts to the west. Although the energy cost has been reduced, an important question is whether human resources come from. Not only electrolytic aluminum, many high-energy-consuming industries are currently hoping to transfer to the west, using low-cost energy resources in the west, but the human resources there are a constraint.
According to statistics provided by Liu Xiangmin, China consumed more than 16 million tons of primary aluminum in 2010, close to the total consumption of 16.727 million tons of primary aluminum in the world in 1986; it was the sum of 3.87 million tons of primary aluminum consumption in the United States and 2.24 million tons in Japan in 2009. 2.61 times, "So no matter from the per capita consumption or unit GDP consumption, China's aluminum consumption has reached a very high level."
In spite of the high aluminum consumption, the major problem that domestic electrolytic aluminum companies have to face is that the profitability of the entire industry is facing serious problems.
Last year, China Aluminum's annual operating income was 121 billion yuan, an increase of 72.19% over the same period, and a net profit of 778 million yuan was realized. In 2009, China Aluminum's sales revenue was only 70.28 billion yuan, a year-on-year decline of 8.4%, and net profit was a loss of 4.65 billion yuan.
Zhongfu Industry [12.60-5.55% shares] (600595.SH) last year's operating income of 10.826 billion yuan, an increase of 69.04%; but the net profit of only 221 million yuan, a decrease of 28.65%.
In 2010, the output of electrolytic aluminum in China was 16.19 million tons, an increase of 26.07% over the same period of last year, accounting for more than 40% of global output for the first time. At that time, electrolytic aluminum production capacity reached 22 million tons, and there are currently a large number of new and proposed electrolytic aluminum projects.
Li Defeng, Director of Aluminum Department of China Nonferrous Metals Industry Association, predicted that during the “12th Five-Year Plan†period, the electrolytic aluminum industry will face a state of relative supply surplus. With the gradual increase of average social cost, the profitability of the whole industry will continue to decline. , electrolytic aluminum industry has entered the "marginal effect era" of fierce competition.
Li Defeng predicts that by 2015, the global primary aluminum production capacity will reach 60 million tons, China’s primary aluminum production capacity will reach 30 million tons, and China’s annual output of electrolytic aluminum will be maintained at 22 million tons. By then, it will have a million tons of electrolytic aluminum production and processing capacity. There will be more than 10 large companies or groups that have basically coordinated upstream and downstream industry chains.
At present, the global electrolytic aluminum production capacity has begun to gradually shift to energy-rich regions. Liu Xiangmin believes that from an international perspective, with the further increase in global energy costs, especially the possibility of carbon costs in Europe and the United States included, electrolytic aluminum production capacity will continue to move to the Middle East, Russia and other low energy cost regions.
According to incomplete statistics, five electrolytic aluminum projects in Qatar, Russia, the United Arab Emirates, and India took a total of 2.71 million tons of capacity from 2009 to 2011; six proposed projects have a total capacity of 4.51 million tons.
Domestic electrolytic aluminum is also gradually shifting to the west. In 2010, domestic electrolytic aluminum construction capacity was 4.44 million tons, of which 68% was located in Gansu, Xinjiang, Qinghai, Inner Mongolia and Ningxia, and the new production capacity was approximately 1.5 million tons. In Ningxia, Gansu, Xinjiang, Inner Mongolia and other regions.
In 2010, the total AC power consumption of electrolytic aluminum was 13,979 kWh/ton, and the average electricity price of the industry exceeded 0.45 yuan/kWh, which was the highest in the world. Li Defeng said that the average electricity price in the electrolytic aluminum industry in China is the highest in the world, and the total electricity cost accounts for more than 40%, while the foreign electricity cost accounts for about 25% to 30% of the total cost of electrolytic aluminum, with labor costs and financial costs. With the continuous increase in the cost of raw materials, the competitiveness of China's electrolytic aluminum industry is gradually decreasing.
In fact, domestic electrolytic aluminum shifts to the west. Although the energy cost has been reduced, an important question is whether human resources come from. Not only electrolytic aluminum, many high-energy-consuming industries are currently hoping to transfer to the west, using low-cost energy resources in the west, but the human resources there are a constraint.
Disc Springs are conical annular discs that bear axial in and out, generally with constant disc thickness and uniform load distribution on the inner edge of the upper surface and the outer edge of the lower edge. Disc springs are usually made of spring steel and can withstand static loads, non-alternating loads, dynamic loads, and can meet strict fatigue life and loading loss requirements
Compression Spring,Compression Disc Spring,Disc Spring Washer,Compression Spring Washers
Ningbo FLK Technology Co., Ltd. , https://www.flk-global.com