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Weekly Highlights Review of the Aluminum Industry (3.23-3.27)

2020-03-28

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  【Industry Focus】
  The registration window for the top ten manufacturers in 2020 will open on the 24th
  The 2020 Top 10 Manufacturers in the Aluminum Industry Selection Activity opened its registration window on the 24th, covering categories such as aluminum ingots, aluminum strips, aluminum foil, industrial aluminum profiles, construction aluminum profiles, aluminum rods, medium and thick plates, aluminum equipment, and aluminum auxiliary materials. Enterprises can register by entering the activity page of the Nonferrous Treasure app or the homepage of World Aluminum Network. After the ranking is selected, it will be published and promoted in various industry media and aluminum industry yearbooks.
  The total import volume of scrap aluminum from January to February 2020 was 122000 tons
  From January to February 2020, a total of 122000 tons of imported scrap aluminum were imported, a year-on-year decrease of 60.9% and a month on month increase of 24.9%. Although the import approval volume has significantly increased, the impact of the epidemic and the Spring Festival has made its increase relatively limited. In Q1 2020, the total import approval volume of scrap aluminum was 285000 tons, and there is still a large amount of approval remaining.
  Statistics Bureau: Industrial enterprise profits significantly decreased from January to February due to the impact of the epidemic
  From January to February, the factory prices of industrial producers decreased by 0.2% year-on-year. Out of the 41 major industrial industries, 37 have seen a decrease in profits, with key industries such as electronics, automobiles, electrical machinery, and chemicals experiencing a decrease of 87.0%, 79.6%, 68.2%, and 66.4%, respectively. From January to February, the profits of the tobacco, non-ferrous metals, oil and gas extraction, and agricultural and sideline food processing industries increased by 31.5%, 28.3%, 23.7%, and 2.2% year-on-year, respectively. In addition, the profit of the pharmaceutical industry decreased by 10.9% year-on-year, which is significantly smaller than that of all industries above designated size.
  Guangxi Releases Draft Opinions on Mineral Reform to Restrict and Reduce the Export of Raw Ore
  Guangxi has released a draft of opinions on mineral reform, proposing the comprehensive implementation of a market-oriented allocation system. Except for resource projects that can be allocated through agreement according to national regulations, all projects should be implemented through bidding, auction, listing, and transfer in principle; Adhere to the principles of high-quality utilization and on-site deep processing to allocate resources, limit and reduce the outward transportation of raw ore; Strictly allocate bauxite resources, and in accordance with the principle of strictly controlling alumina production capacity and linking electrolytic aluminum production capacity, the allocation shall be coordinated by the people's government of the autonomous region; Steadily promoting the competitive transfer of "net mining rights", and starting from 2021, all sand, gravel, and soil minerals will be subject to the transfer of "net mining rights".
 Implementation Measures for Capacity Replacement in the Foundry Industry of Tianjin (Draft for Soliciting Opinions)
  Tianjin City has released a draft for soliciting opinions on the implementation measures for capacity replacement in the casting industry, pointing out that for high-end casting construction projects that adopt new technologies, processes, and materials such as 3D printing casting and special casting non-ferrous alloy production (aluminum alloy, magnesium alloy, titanium alloy, copper alloy, zinc alloy), and mainly use national V or above emission standards or other clean transportation methods for transportation of incoming and outgoing materials and products, equivalent displacement can be implemented. For other high-end casting construction projects that have not adopted new technologies, processes, or materials, reduction replacement will be implemented, with a replacement ratio of 1.25:1 in principle.


  【Enterprise Style】
 China Aluminum Corporation's annual net profit attributable to the parent company increased by 2.38% to 851 million yuan
  Aluminum Corporation of China announced its annual performance, achieving a revenue of RMB 190074 million in 2019 (the same unit below), a year-on-year increase of 5.46%; The net profit attributable to shareholders of the listed company was 851 million yuan, a year-on-year increase of 2.38%. In 2019, the operating revenue of the group's alumina sector was 43.90 billion yuan, a decrease of 251 million yuan compared to the same period last year, mainly due to a year-on-year decrease in alumina prices; The operating revenue of the group's primary aluminum sector was 49.089 billion yuan, a decrease of 4.713 billion yuan compared to the same period last year, mainly due to the year-on-year decrease in primary aluminum production and sales caused by the shutdown of transformation and upgrading enterprises; The operating revenue of the group's trade sector was 158.686 billion yuan, an increase of 16.668 billion yuan compared to the same period last year, mainly due to the year-on-year increase in trade volume of products such as electrolytic aluminum, alumina, and imported coking coal.
  Nanshan Aluminum Industry Selected as one of the Top 100 Patent Innovation Enterprises in Shandong
  Recently, the Shandong Provincial Institute of Science and Technology Information and Qingdao Institute of Science and Technology Information jointly released the 2019 Top 100 Patent Innovation Enterprises in Shandong, and Nanshan Aluminum Industry was listed. Nanshan Aluminum Industry is one of the first batch of intellectual property standardization enterprises in Longkou City, and was recognized as a national intellectual property demonstration enterprise in 2019. In recent years, Nanshan Aluminum has undertaken 19 key science and technology plan projects at or above the provincial level; We have achieved 10 scientific and technological achievements, obtained 103 authorized patents, including 45 invention patents.
  Northwest Aluminum Melting and Casting Manufacturing Department Successfully Cast Ingots for a 7-Series Alloy Profile
  Recently, the Northwest Aluminum Melting and Casting Manufacturing Department successfully produced ingots for a 7-series alloy profile using high-purity aluminum ingot feeding. The melt purification of the Melt Casting Manufacturing Department adopts a dual refining method of melting and standing, controlling the proportion of individual elements within 0.3% according to the standard requirements, accurately grasping the chemical composition and furnace material adjustment changes before the furnace, and using the method of adding aluminum titanium boron wires in the standing furnace and online to refine the grains. Finally, 12 ingots with chemical composition meeting the standard requirements were successfully cast, laying the foundation for optimizing the casting process parameters of a certain 7-series alloy.
  Zhongfu Technology Company has been recognized as a "high-tech enterprise" in Henan Province
  After being awarded the title of "Specialized, Refined, and New" Enterprise in Zhengzhou City, recently, Zhongfu Technology Company announced that with the approval of the Office of the National High tech Enterprise Recognition and Management Leading Group, 710 high-tech enterprises in the second batch of 2019 in Henan Province were recognized, and Zhongfu Technology Company was listed and awarded the "High tech Enterprise Certificate". The company has successfully developed new alloy ingots such as Al-Si 7, Al-Si 30, Al-Si 50, and Al-Cu 5, and has achieved mass supply. It has achieved long-term stable cooperation with well-known domestic enterprises in aerospace and transportation using large-sized high-strength aluminum alloy plates.
  Qingang Group signed cooperation agreements with State Power Investment Corporation of China and Aluminum Corporation to promote the transfer of bulk cargo transportation from public to rail
  On March 21st, the signing ceremony of the strategic cooperation agreement between Qinhuangdao Port Co., Ltd., State Power Investment Group Aluminum Investment Co., Ltd., and Daqin Railway Co., Ltd. at the Kaiyuan Hotel in Haijing was held.


 【Global Vision】
  Malaysia Initiates Anti Dumping Investigation into Aluminum Plated or Galvanized Non Alloy Steel Flat Rolled Products Involving China
  The Malaysian Ministry of International Trade and Industry has issued a notice that, in response to an application submitted by a domestic enterprise in Malaysia, it has decided to initiate an anti-dumping investigation into aluminum or galvanized non alloy steel flat rolled products originating from or imported from China, South Korea, and Vietnam. The product involves 10 tariff codes coordinated by Malaysia.
  Aili Aluminum's Leisport Rolling Plant Temporarily Discontinued Production for Two Weeks
  Due to the impact of the epidemic, Aili Aluminum will temporarily close its rolling mill located in Lewisport from March 30th to April 13th. The reason is that the company's main automotive customers announced a temporary shutdown, coupled with uncertainty in other markets, ultimately suspending production at the Lewis port rolling mill for two weeks.
  Metro Mining: Expected to resume bauxite mining activities as scheduled in early April
  Metro Mining has announced that it will resume bauxite mining activities as planned in early April, with the first shipment of ore being shipped in two weeks. Metro Mining has confirmed the 2020 first quarter shipping schedule, and all production before the end of June has been finalized. It is expected to produce and transport approximately 1 million tons of bauxite during this period. Meanwhile, Metro Mining also stated that the current global spread of the pneumonia epidemic is rampant, and despite stable business performance, the company will not underestimate the possibility that the epidemic may affect operations.