From the perspective of non-ferrous metal industry, China's non-ferrous metal industry actively promotes supply-side reform, and its effect is gradually noticeable. In the third quarter, the non-ferrous metals industry index was above the critical point at 52.7. The confidence of entrepreneurs was enhanced and the market expectation was promising. Progress has been made in the R & D and production of new non-ferrous metals materials. The new materials have become the new kinetic energy for the non-ferrous metal industry. The demand of non-ferrous metals in the downstream consumer industries is still on the rise. Under the dual impacts of supply-side reform and environmental protection, overcapacity in aluminum production was curbed. Illegal and illegitimate electrolytic aluminum production capacity was shut down, and the compliance and lawful capacity utilization rate would be raised. The production of recycled metals such as copper, aluminum and lead accelerated; Enterprises that manage environmental standards are expected to resume production, and the utilization rate of environmental compliance enterprises will also be significantly improved. Non-ferrous metal deep-processing products on the road to production and sales will maintain a rapid growth trend, and most non-ferrous metal mining products are also expected to resume a slight growth. The rising cost of production will become the norm and an important factor supporting the price increase of non-ferrous metals. At the same time, some old problems still exist and the structural contradictions still need to be fundamentally solved. Overall, the non-ferrous metals industry is expected to show a steady trend in the next period of time.
Non-ferrous metal industry is expected to continue to be steady to good trend
Internationally, the momentum of global economic recovery in October continued to increase. The U.S. economy continued its upward trend. The European economy recovered strongly. Japan's economy continued its mild recovery and the relative advantages of emerging economies gradually expanded. However, the world economy is still facing three major uncertainties: the monetary easing policy needs to be adjusted, the structural problems of economic growth remain, and the rise of trade protectionism.
From a domestic point of view, in October, China's economy continued to grow steadily and the development trend of deepening structural adjustment further continued. Economic performance remained at a reasonable range, steady growth in production demand, stable employment and price situation, outstanding achievements in supply-side reform, steady growth in transformation and upgrading and new momentum, continued improvement in market expectations and continued improvement in the quality and efficiency of economic operations. However, structural contradictions have not yet been fundamentally solved, and economic growth pressures still exist.
