Nonferrous Metals Industry Turns Better, Overcapacity of Tungsten Heater still Exists

It was reported that recently, the National Bureau of Statistics of the People’s Republic of China issued management situation of nonferrous metals industry in the first half of 2016. It said that the smooth operation of it and the price of the main product had small rising, efficiency of the industry continued to be improve, the main business income was 2.2074 trillion RMB, an increase of 2.6% and profit was 68.74 billion RMB, an increase of 8.6%. Deficit of the industry reduced to some extent, amount of loss of enterprises was 17.6 billion RMB, down 11.8%, wherein the aluminum enterprises lost 4.05 billion RMB, down 22.4%. The industry fixed assets investment completed was 232.7 billion RMB, an increase of 2%.

It is clear from the above data that Chinese nonferrous metals industry continues to turn better, and the prices also get better. This is related to China's real estate rebound, increased investment and other reasons, it is also affected by industry output adjustment. But for long-term development perspective, because the long-term production of tungsten heater and other non-ferrous metal industry overcapacity, market supply and demand are imbalance and have other issues, so non-ferrous metals industry operators are facing difficulties.

Since 2014, China's major non-ferrous metal prices continued to fall dramatically, the industry is in loss status for a long time, there are a great majority of enterprises due to low prices and cannot afford to be out of the market. Coupled with the global economy in recent years are in a volatile situation, which made development of China's nonferrous metals industry become more difficult. With the recent release of relevant policies and measures to improve the continuous problem of production capacity, non-ferrous metal industry gradually improved, but if China wants the whole industry can achieve key breakthrough, she also needs to handle problem of the non-ferrous metal product application technology, product quality, engineering and construction standards and others.

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