Macro-control sees figures: aluminum prices fell by 1920 yuan in May

Macro-control figures: aluminum prices fell by 1920 yuan in May Xinhua News Agency, Beijing, June 25th (Reporter Qi Zhongxi) Data from the state's authoritative economic department showed that in May, the aluminum price reached 15,580 yuan per ton, which was 1920 less than in April. yuan. At the same time, in the first five months of this year, the growth rate of aluminum investment has also dropped significantly, reaching 38%, which is more than half of the growth rate of 86.6% last year. To this end, Kang Yi, president of the China Non-Ferrous Metals Industry Association, said that since last August, no companies have proposed the design and construction of new electrolytic aluminum projects, and some of the projects under construction have also been suspended or postponed, and the electrolytic aluminum industry The over-investment momentum has now basically been controlled. Since last year, while China’s economy has been accelerating its development, fixed assets investment in the steel, electrolytic aluminum, and cement industries has grown too fast, the scale of construction has grown too large, blind expansion, and low-level redundant construction have seriously affected the quality of economic growth. To this end, the state has formulated and promulgated a series of macro-control policies and measures to cool these overheated industries. In August last year, the National Development and Reform Commission held that the trend of overcapacity and total imbalance in the electrolytic aluminum industry must cause great concern. Relevant persons concerned also reiterated relevant regulations on electrolytic aluminum development. In March this year, the National Development and Reform Commission announced that in principle, it will no longer approve new steel complexes and independent ironworks and steelmaking plants; in principle, it will no longer approve construction projects that increase electrolytic aluminum production capacity. New construction and expansion of cement projects are strictly prohibited. In April, the State raised the market access standards for construction projects, raised the proportion of capital in construction projects such as electrolytic aluminum by 15 percentage points, and successively formulated some relevant industrial policies and industry standards, and effectively implemented industrial policies, environmental protection, and safety. Market access standards such as energy consumption, technology, and quality, and new projects are strictly reviewed and approved. (Finish)