News of the aluminum industry this week

Abstract [Industrial crisis hit aluminum companies forced to cut production] Aluminum giant Chinalco disclosed in its 2012 results forecast that it expects the company's net profit attributable to shareholders of listed companies in 2012 will suffer a large loss; on the other hand, regular aluminum The shares were also handed over from listing in 2007 to...
[Industry crisis hit aluminum companies forced to cut production] Aluminum giant Chinalco disclosed in its 2012 performance forecast that it expects the company's 2012 net profit attributable to shareholders of listed companies will suffer large losses; on the other hand, Chang Aluminum It also handed over the first annual loss report since its listing in 2007. Aluminum, the largest industry in China's non-ferrous metals sector, seems to be experiencing a rare crisis in history.

[Excessive production capacity of electrolytic aluminum has expanded] The vice president of China Nonferrous Metals Industry Association, Documentary Army, said at the Shanghai Copper and Aluminum Summit on March 21 that the aluminum smelting industry has encountered unprecedented difficulties in the industry's losses, and the electrolytic aluminum industry has overcapacity. There is still an expanding trend, and it is recommended that the state take relevant measures to resolve overcapacity.

[Henan Electrolytic Aluminum Industry Loss Spread] According to the statistics of Henan Nonferrous Metals Association, in the past 2012, not only one of the 12 remaining electrolytic aluminum in Henan was profitable, but also three companies closed directly. . In response, some people bluntly said that after the end of the first decade of the country's first glory, Henan electrolytic aluminum is falling from the Chinese aluminum industry, even to the most dangerous "extreme cold".

[Shanghai Energy is affected by the aluminum industry, the electrolytic aluminum industry chain has been compressed] Can not survive the loss of aluminum industry for two consecutive years, this coal-electric aluminum-transport integrated coal enterprise based in East China - Shanghai Energy also began to shrink its electrolytic aluminum Industry chain.

A week's review: Shanghai aluminum trend is more volatile this week, with a larger range of fluctuations. This week, the macro side is mixed, showing a one-sided situation. In the euro area, Cyprus has imposed a deposit tax in order to meet the bailout conditions, which has triggered market panic, and the S&P has once again lowered the rating of Cyprus to junk, while the European Central Bank has issued an ultimatum to Cyprus, if not with the troika next Monday. Agreeing on the bailout will cut off the emergency liquidity provided to Cyprus. On the other hand, the economic data released by the Eurozone has been sluggish recently, and the comprehensive MI in March has deteriorated, indicating that its economic growth is still slow. In the US, the recent economic data is improving, the easing policy remains unchanged, the number of new housing starts is rising, existing home sales are hitting a three-year high, the manufacturing industry is expanding slightly, and the number of unemployed people applying for relief is falling. A series of data shows that the US economy is moving. The road to recovery is moving forward. Domestically, HSBC's manufacturing data was also better than expected in March, and overall economic growth was relatively stable. The positive data of China and the United States, to a certain extent, has some support for the current weak trend, but at present, many uncertainties in the Eurozone have definitely suppressed Shanghai Aluminum. In the short term, it is expected that Shanghai Aluminum will not rise or fall in the near future, maintaining a small volatility.

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