1. Production remained stable. According to the National Bureau of Statistics, in the first half of the year, the industrial added value of the non-ferrous metal industry increased by 5% year-on-year, 1.6 percentage points higher than the industrial average. The output of ten non-ferrous metals was 32.83 million tons, a year-on-year increase of 1%. Among them, the output of copper, aluminum and lead increased by 2.5%, 0.7% and 3.1% year-on-year respectively, and the output of zinc decreased by 1.7% year-on-year. Driven by the rapid development of the new energy industry, the output of primary nickel and lithium salt increased by 6.9% and 38% year-on-year respectively. According to data from the Shanghai Iron and Steel Federation, at the end of June, copper and aluminum inventories were 114,000 tons and 751,000 tons respectively, down 49.1% and 36.4% from the year’s highs.
Second, the price rises first and then suppresses. According to data from the China Nonferrous Metals Industry Association, in the first half of the year, the average prices of copper, aluminum, zinc, nickel, cobalt, and lithium were 71,750 yuan/ton, 21,435 yuan/ton, 26,012 yuan/ton, 206,000 yuan/ton, and 514,000 yuan, respectively. / ton, 453,000 yuan / ton, a year-on-year increase of 7.7%, 23%, 15.1%, 57%, 48.5%, 454%. In the second quarter, affected by factors such as tightening global liquidity and sluggish downstream demand, the prices of major products fell from high levels. On June 30, the prices of copper, aluminum, zinc, nickel, and cobalt dropped by 15.2%, 19.4%, and 15.9% from this year’s highs, respectively. %, 44.2%, 32.5%.
3. Both import and export volume and price increase. According to the data of the General Administration of Customs, in terms of exports, in the first half of the year, my country exported 3.509 million tons of unwrought aluminum and aluminum products, a year-on-year increase of 34.1%, and the export value was 14.35 billion US dollars, a year-on-year increase of 72.4%. In terms of imports, in the first half of the year, the import of copper concentrate was 12.481 million tons, an increase of 8.6% year-on-year, and the import value was 31.35 billion US dollars, an increase of 13.6% year-on-year; the import of unwrought copper and copper products was 2.942 million tons, an increase of 5.3% year-on-year, and the import value was 29.8 billion. USD, an increase of 17.1% year-on-year.
