Non-ferrous metal early bus July 20

Rio Tinto’s second-quarter production report showed that the company’s bauxite output was 13.7 million tons in the second quarter, a year-on-year decrease of 6%. This was mainly due to unstable production due to the impact of the rainy season in Western Australia and the CBG joint venture project in Guinea encountered transportation restrictions. The output of Brazil’s MRN joint venture project has increased. In the second quarter, the company’s alumina production was 2.01 million tons, a year-on-year increase of 1%, but a decrease of 1% from the first quarter, mainly because the Yarwun alumina plant was scheduled to shut down this quarter. In the second quarter, aluminum production was 816,000 tons, an increase of 4% year-on-year. The increase was mainly due to the resumption of full-production operation at the ISAL aluminum plant in Iceland and the Becancour aluminum plant in Canada. In addition, the overhaul of the electrolytic cell lining of the Kitimat aluminum plant in Canada is about to be completed.

China’s bauxite imports in June were 10.14 million tons, down 3% year-on-year, but an 11.3% increase from the 9.11 million tons in May; imports in the first half of the year fell 5.5% year-on-year to 55.14 million tons.

According to World Aluminium.com, Ball plans to expand its manufacturing capacity by building new factories in the UK and Russia. The new factories are expected to start operations in 2023, with an annual output of billions of cans. By then, Ball’s number of factories in the UK will increase to three, and there will be four factories in Russia.

On July 19, the domestic social stock of electrolytic aluminum was 821,000 tons, a decrease of 3,000 tons compared to July 15, including 281,000 tons in Wuxi, 217,000 tons in Foshan, 62,000 tons in Gongyi and 109,000 tons in Shanghai. 62,000 tons in Hangzhou area and 44,000 tons in Tianjin area.

On July 19, China’s 6063 aluminum bar stocks were: 58,500 tons in Foshan, 19,000 tons in Wuxi, 24,000 tons in Nanchang, 16,000 tons in Changzhou, 14,500 tons in Huzhou, 4,500 tons in Chengdu, and 25,000 tons in Gongyi. 139,000 tons, an increase of 6,500 tons from July 15.

On July 18, Mingtai Aluminum held the groundbreaking ceremony for the 700,000-ton aluminum sheet, strip and foil project of Henan Yirui New Material Technology Co., Ltd. Yirui New Material’s annual output of 700,000 tons of aluminum plate, strip and foil project is another bright spot implemented by Mingtai after “1+1 hot rolling project”, “electronic material industrial park project” and “Mingsheng superhard material project”. project. The project aims to build a hot rolling production line, a three-dimensional intelligent warehouse, and an automated cold rolling and foil rolling production line to create a high-tech intelligent factory with digital intelligence integration. Explore new fields such as military industry, aerospace, transportation, new energy, new materials, and realize product upgrades.

Wan Jinsong, Director of the Price Department of the National Development and Reform Commission, said that since mid-to-late May, the National Development and Reform Commission has closely tracked and monitored the price trends of bulk commodities, taking multiple measures, continuing to exert efforts and achieving initial results. Recently, the prices of bulk commodities have generally shown a downward trend. The prices of steel, copper, and aluminum have fallen by 3%-14% from their peaks in May, which drove the month-on-month increase of PPI in June by 1.3 percentage points from the previous month. The market generally predicts that as the country’s measures to ensure supply and stabilize prices continue to take effect, commodity prices will gradually return to a reasonable range.

According to the National Development and Reform Commission, in the first half of this year, through various methods such as the commissioning of coal mines under construction, nuclear increase of coal production capacity, intelligent transformation and expansion of coal mines, and production capacity reduction of coal mines, a total of 140 million new production capacity was added. More than ton/year, of which 90 million tons/year of coal mines under construction are put into production, and the nuclear increase of production coal production capacity is about 30 million tons/year. Ordos City, Inner Mongolia Autonomous Region approved the temporary land use for open-pit coal mines, restoring production capacity of 18 million tons/year. At present, coal mines whose production capacity has been replaced and are in the process of approval for an increase have a production capacity of more than 40 million tons per year. In addition, there are still 70 million tons of coal mines under construction and put into operation one after another. In the second half of the year, nearly 110 million tons of new production capacity will be added. /year.

Tian Yulong, chief engineer and spokesperson of the Ministry of Industry and Information Technology of China, said that due to the continuous recovery of the macro economy, the country’s clear and stable increase of automobiles and other major consumption policies, and the achievement of carbon peak and carbon neutral strategic goals, my country’s automobiles will be Maintain a steady and positive development, especially the production and sales of new energy vehicles will achieve rapid growth, which is expected to reach about 2 million vehicles.

The National Development and Reform Commission stated that in the next step, it will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecasting of commodity prices, organize the release of subsequent batches of copper, aluminum and zinc and other national reserves, pay close attention to abnormal market price fluctuations, and continue to increase the futures spot Market linkage supervision is vigorous to severely crack down on price-raising, hoarding and other illegal and illegal price behaviors to maintain normal market order.

[US stocks close] The Dow fell 725.81 points, or 2.09%, to 33962.04 points, the Nasdaq fell 1.06% to 14,274.98 points, and the S&P 500 index fell 1.59% to 4,258.49 points.

LME electronic disk aluminum 2420 fell 67; copper 9194 fell 253; zinc 2957.5 fell 30.5; nickel 18380 fell 700; lead 2287.5 fell 27; aluminum inventory 1.45 million tons; exchange rate 6.47

LME aluminum 2405 fell 62.6; copper 9188.5 fell 202.8; zinc 2961.8 fell 28; nickel 18450.5 fell 607; lead 2281.5 fell 29.6; exchange rate 6.47

On July 19, the Shanghai futures 2108 contract aluminum night trading closed at 18975 and fell 395; copper closed 67670 and fell 1280; zinc closed 22425 and fell 100

The above is the whole content of today’s morning bus. A new day has begun, I wish you a happy work!

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