Price Trend

According to the monitoring data of business associations, soda ash is mainly running steadily this week. From the beginning of the week to the end of the week, the average market price in East China is 1950 yuan/ton. On March 14, the light soda commodity index was 100.00, unchanged from yesterday, down 15.15% from the cyclical peak of 117.86 points (2017-11-21), and up 58.35% from the lowest point of 63.15 on November 18, 2015. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: This week, the domestic soda price maintained stable operation as a whole. Mainstream tariff-containing ex-factory price of light alkali: 1800-1900 yuan/ton in Shandong; 1800-1900 yuan/ton in Hebei; 1600-1650 yuan/ton in Henan; 1650-1700 yuan/ton in Hubei; 1850-1950 yuan/ton in Guangdong and 1400-1500 yuan/ton in Qinghai. The main stream of heavy alkali including tax delivery price: at present, the main stream of heavy alkali in North China is about 1800-2000 yuan/ton, and the main stream of Shahe area is 1800-1850 yuan/ton.

Industry chain: At present, the overall shipment of soda enterprises is general, and the downstream enterprises still take delivery on demand. As the downstream demand for light alkali is not warm, the market trend is weak, and the procurement is more cautious. However, this week’s starting rate has declined, downstream users have changed their purchasing mentality due to rising prices. There is a significant increase in order taking, and some soda manufacturers have limited control of orders due to supply effects. The market may be optimistic.

Industry: According to the price monitoring of business associations, there are two kinds of commodities rising and falling in the price list of chlor-alkali industry in the 09th week of 2019 (3.4-3.8), two kinds of commodities falling, and one kind of commodity rising and falling to 0. The main commodities rising were calcium carbide (2.28%) and PVC (0.79%). The main commodities falling were hydrochloric acid (-12.50%) and light soda ash (-0.85%). This week’s average rise and fall was -2.05%.

3. Future Market Forecast

Business analysts believe that the starting load of soda industry returns to a reasonable level rationally, the bottom price of the critical cost of soda market, the price of soda manufacturers are reluctant to continue to reduce the price promotion, and the game between the two sides may be eased. It is expected that the soda market will be mainly flexible in the short term, or will increase slightly in the later period, depending on the downstream market demand.

Price Trend

According to the price monitoring of business associations, as of March 14, the average price of domestic aggregated MDI market was 14950 yuan/ton, and the overall market price was weak.

II. Market Analysis

Products: Domestic aggregate MDI market price weakness slightly declined. The venue is “dead” and the quotation of distributors has slightly loosened, but they are entangled with the settlement price at the end of the month and are very cautious about delivery. Middlemen actively deliver goods at low prices, but the downstream is still “cold” mood, buying enthusiasm is not good, the market remains sporadic negotiations. The supplier’s attitude is uncertain, coupled with the market stalemate for too long, the price of 141b foaming agent keeps rising, and the digestibility of downstream is poor. The short-term aggregated MDI market price is expected to have significant downside risk under multi-empty factors.

On the market side, South China has aggregated the weak and deadlocked MDI market. Demand-side buying climate is difficult to improve, middlemen actively low-cost delivery, the market atmosphere is unusually light. The price of aggregated MDI in East China is weak and deadlocked. The market is weak, the traders let profits to deliver goods, but the downstream inventory has not been fully digested, and the procurement mood is depressed. The price stalemate of aggregated MDI in North China continues and the turnover is short. The supplier manufacturer controls the quantity of delivery and has little boosting effect. Downstream of the high price of raw materials to resist sentiment, business is blocked, the market atmosphere “bleak”.

Industry chain: raw materials, pure benzene: East China pure benzene stable operation, spot purchase 4600-4680 yuan/ton, sell 4700 yuan/ton. Aniline: Aniline prices are rising. Despite the decline in raw material pure benzene, Jinling led the rise in aniline prices across the board. Shandong mainstream negotiation price refers to 5400 yuan/ton spot exchange and 5520 yuan/ton acceptance. East China enterprises mainly ship cargo and contract customers, the mainstream negotiation price refers to 6100 yuan/ton acceptance.

3. Future Market Forecast

Business Cooperative Perspective: On the positive side, the latest price increases by a wide margin in many enterprises, and the cost support moves up; the enterprises control the volume of goods in the market. On the negative side, there are many stockpiles in the downstream in the early stage and the purchase is limited; the foaming agent 141B rises sharply and the cost surface moves, which indirectly affects the demand of the terminal for MDI; the temperature in the north is relatively unstable, and the current outdoor construction temperature is lower than the optimal construction temperature, so the demand is limited. Analysts of business associations aggregate MDI expect that in the short term aggregate MDI market prices or significant downside risks will be detected.

On Monday, Jeff Currie, head of commodities research at Goldman Sachs, said OPEC and its allies were likely to achieve their goal of eliminating global oil oversupply next month.

Currie said in an interview with CNBC that OPEC’s production reduction plan had cut crude oil production dramatically from the beginning, while Russia was accelerating its production reduction as Venezuela’s crude oil production declined, and the global crude oil production reduction rate had already been faster than Goldman Sachs expected.

In this regard, he believes that the rebalancing of the crude oil market in April will also force OPEC to lift production restrictions and formulate new plans by May or June.

It is noteworthy that Goldman Sachs also predicted last week that Brent crude oil could rise to $70 to $75 a barrel in the short term, higher than the current price of about $60 a barrel, due to OPEC’s “deterrence” policy and strong oil demand.

In fact, as early as February, Goldman Sachs pointed out that investors’fears about the extent of the collapse of global growth expectations were unfounded and that the scale of production cuts in 2019 had exceeded expectations:

“Core OPEC oil producers are adopting a shocking and awe-inspiring strategy that goes beyond their reduction commitments.”

After oil prices plunged more than 40% at the end of last year, OPEC, composed of 14 oil-producing countries, and its allies, led by Russia, began to balance the market and reached a plan to reduce total daily production by 1.2 million barrels in the first six months of 2019. Among them, 800,000 barrels per day came from OPEC member countries, Russia and 10 OPEC foreign oil-producing countries, with a total reduction of 400,000 barrels per day.

According to the previous OPEC February report, from December last year to January this year, OPEC has achieved the largest reduction in output for two consecutive months, with Saudi Arabia leading in the reduction. Saudi Energy Minister Falh also promised to increase the reduction, suggesting that by March this year, Saudi Arabia’s output will be nearly 500,000 barrels/day lower than the quota.

In mid-April this year, OPEC + will hold a meeting in Vienna to consider whether to extend the agreement until the second half of this year.

But on Monday, Reuters quoted people familiar with the matter as saying that OPEC could not make any decision on oil production policy at its April meeting. It was more likely to make a decision in June, and the most likely decision was to extend OPEC + production cuts until the end of this year.

Russia’s energy minister, Novak, also said that Russia would probably reduce production by up to 228,000 barrels a day by March, with an average reduction in oil production in March exceeding February.

However, Fu Peng, a columnist of Wall Street News, points out that the game between non-OPEC and OPEC is now involved. If OPEC is willing to cut production to maintain oil prices, everyone will benefit from high oil prices; but if it continues to hold up prices, it will be equivalent to OPEC to give up a larger market share, of which Saudi Arabia’s interests will surely suffer the greatest damage.

Price Trend

February 2019 # lead ingot Market fluctuated lower, the average domestic market price at the beginning of the month was 17562.50 yuan / ton, and at the end of the week was 17287.5 yuan / ton, a decline of 1.57%.

On February 28, the lead commodity index was 105.21, up 1.14 points from yesterday, down 21.49% from 134.01 points in the cycle (2016-11-29) and 40.98% from 74.63 points on March 19, 2015. (Note: Period refers to 2011-09-01 to date).

II. Market Analysis

Domestic market: before the Spring Festival, the market is relatively cold. Most manufacturers completed stock purchase at the end of January and entered the Spring Festival holiday ahead of schedule. After the opening of the Spring Festival Holiday, there are fragmented just-in-demand transactions in the market. On the 11th, the market resumed trading. In the first week after the festival, large-scale battery enterprises gradually resumed production. Some small and medium-sized enterprises were still in the stage of vacation. Lead prices suffered a severe setback two days before the opening of the market. In addition, there was a certain amount of inventory before the festival, inquiries were gradually reduced, bulk orders market turnover was light. Lead prices stopped falling and stabilized in the next few days, and purchased at low prices, and market turnover tended to improve. Later, with the improvement of trading, the market gradually warmed up, and some of the gains fell in the opening market. By the end of the month, the lead mainstream trading range was 17050-17650 yuan/ton, and the lift and discount decreased from 50 yuan/ton to 25 yuan/ton to level water.

International Markets: This week, the US dollar fell from its high last week, US crude oil showed 4 lianyang, reaching a recent high of US$57.88 per barrel. The latest progress of Sino-US negotiations announced a temporary postponement of the original tariff levy on China on March 1. The market was boosted by positive sentiment. Domestic A-share market was booming, nearly 3000 points, and the metal market was red.

Supply and demand: According to foreign media news on February 20, the World Metal Statistical Bureau WBMS released a report that the global supply shortage of lead market in 2018 was 240,000 tons, and the supply shortage in 2017 was 386,000 tons. Total inventory at the end of December was 56,000 tons lower than at the end of 2017. In 2018, the global production of refined lead (primary lead and recycled lead) was 11.765 million tons, an increase of 4.8% over 2017. In 2018, China’s apparent demand was 5.235 million tons, an increase of 441,000 tons over the previous year, equivalent to nearly 44% of global demand. In 2018, the apparent demand in the United States decreased by 10,000 tons compared with the same period in 2017. In 2018, global refined lead production was 1.128 million tons and consumption was 1.178 million tons.

LONDON, Feb. 19 (Reuters) – The global lead shortage narrowed to 98,000 tons in 2018, compared with 148,000 tons in the previous year, according to data released by the International Lead and Zinc Research Group (ILZSG). In December 2018, the global lead market was short of supply by 14,400 tons, compared with 27,800 tons in November. From January to December 2018, there was a shortage of 98,000 tons in the global lead market. The shortage was slightly larger than that of last month. In the same period of 2017, there was a shortage of 148,000 tons. In the first 12 months of 2018, the output of lead was 11.636 million tons and the usage of lead was 11.734 million tons.

Domestic events: Development and Reform Commission and other nine departments jointly develop a clear goal of civilization: in 2025, the recovery rate of waste lead-acid batteries will reach 70% in recent years. Due to the driving of relevant interests, coupled with the imperfect recovery system and other factors, the illegal recovery of waste lead-acid batteries, violent dismantling, and indigenous smelting cases continue to occur repeatedly in our country, and the pollution is shocking. It is reported that more than 60% of waste lead-acid batteries flow into informal channels every year, hundreds of thousands of tons of lead-containing waste acid are dumped directly, and the waste lead-acid recovery and disposal system needs to be improved urgently. In order to prevent and control environmental risks of waste lead-acid batteries, the Ministry of Ecological Environment and the National Development and Reform Commission recently jointly issued the Action Plan for Pollution Prevention and Control of Waste Lead-acid Batteries (hereinafter referred to as the Action Plan), jointly launched the action for pollution prevention and control of waste lead-acid batteries. The overall objective is to rectify the illegal collection and treatment of environmental pollution of waste lead-acid batteries and implement the extended producer responsibility system. Improve the standard collection and treatment rate of waste lead-acid batteries. At the same time, specific objectives are put forward: by 2020, lead-acid battery manufacturers will achieve 40% standard collection rate of waste lead-acid batteries by implementing the extended producer responsibility system; by 2025, 70% standard collection rate of waste lead-acid batteries; and standardize the safe utilization and disposal of all waste lead-acid batteries collected.

Yinman Mine is a large lead mine in Inner Mongolia, which produces about 15,000 metal tons of lead concentrate annually, accounting for about 0.75% of the total production of 2 million metal tons of lead concentrate in China. Although the impact on the national production is very limited, its diffusion effect should not be ignored. In particular, the Inner Mongolia security inventory and rectification has officially begun, which will further reduce the national lead concentrate energy. Inner Mongolia’s annual output of lead concentrate is 600,000-700,000 metal tons, which is the main base of lead concentrate production in China, accounting for about 30% of the total output of the country. Therefore, the safety rectification after the mine disaster is bound to increase the structural dislocation of short-term lead concentrate in short supply.

Guizhou Dingsheng Xin mining development Co., Ltd., in cooperation with the Guizhou geological and Mining Bureau, has completed the appraisal report of the pig Hongtang lead zinc mine in Hezhang County, Guizhou province. The mineral resources reserve has been Archival in the natural resources department of Guizhou province for the record of 2 million 758 thousand and 200 tons of lead-zinc resources. It is the first super large lead-zinc deposit in Guizhou. It is the biggest breakthrough in the prospecting of lead-zinc deposits in Guizhou province.

China Tower has stopped purchasing lead-acid batteries and replaced them with lithium batteries. In order to solve the problem of power storage battery recycling for new energy vehicles, the Ministry of Industry and Information Technology, together with relevant departments, organized China Railway Tower Co., Ltd. (hereinafter referred to as “Iron Tower Company”) in 2018 to carry out power storage battery cascade utilization, play the role of the main channel for power storage battery recycling, and build business models, develop key technologies, standardize research and information level. We should strengthen innovation in Taiwan’s construction and other aspects. As a large state-owned comprehensive service enterprise of telecommunication infrastructure, Iron Tower Company has 1.9 million base stations, and has great demand for standby power supply. By promoting the recovery and cascade utilization of decommissioned power batteries, while ensuring the needs of telecommunication services, it has realized the centralized utilization and control of decommissioned power batteries, and achieved remarkable results.

9 Departments jointly issued the Action Plan for Pollution Prevention and Control of Waste Lead Batteries to rectify the illegal collection and treatment of environmental pollution of waste lead-acid batteries, implement the extended producer responsibility system, and improve the standard collection and treatment rate of waste lead-acid batteries. The plan requires that by 2020, lead-acid battery manufacturers will achieve a standard collection rate of 40% by implementing the extended producer responsibility system; by 2025, the standard collection rate of waste lead-acid batteries will reach 70%, and the standard collection of waste lead-acid batteries will be used and disposed of safely. The plan is put forward to promote the green development of lead-acid battery production industry. By the end of June 2019, a list of key enterprises for lead-acid battery production, primary lead and recycled lead will be established, which will be open to the public and updated dynamically, and cleaner production will be vigorously promoted. Promote the extended producer responsibility system, give full play to the leading role of lead-acid battery production and recycled lead backbone enterprises, encourage recycling enterprises to establish reverse recycling system relying on the marketing network of manufacturers, and lead-acid battery manufacturers and importers to establish a standardized recycling system through self-built recycling system or cooperation with social recycling system.

3. Prospects for the Future Market

There will be a lot of data next week, with the US dollar showing downward signs. As China enters March, downstream construction will gradually resume. With the convening of the “two sessions”, market sentiment will remain more positive, and spot lead market will gradually recover.

Price Trend

According to the monitoring of business associations, nickel prices surged in February. By the end of the month, nickel prices were quoted at 103100 yuan/ton, up 4.18% from 98966.7 yuan/ton at the beginning of the month and down 0.91% from the same period last year. This month, during the Spring Festival, nickel went up and down independently. After the festival, nickel rose again and fell again. However, it was boosted by the sharp rise in social finance data released by the Central Bank in January, and nickel prices were supported again. Finally, the optimistic prices in Sino-US trade negotiations were firm.

II. Market Trend Analysis

On the supply side, Indonesian nickel is expected to increase. Harita, an Indonesian mining company, has obtained a new export quota of 2.2 million wet tons of nickel. Recently, Indonesia has continuously approved new export quotas, which are relatively adequate. Xinhai Science and Technology plans to complete two furnaces by the end of the year, but only one furnace has actually been put into operation. But now the second one only starts heating, and the remaining six furnaces will not be put into operation until at least the end of the first quarter. On the demand side, during the Spring Festival, factories shut down and demand gradually warmed up after the tenth day of the first lunar month. After the Spring Festival, with the recovery of demand, according to the current price level, steel mills have more lucrative profits. After the Spring Festival, steel mills may start a new wave of restoring production.

3. Prospects for the Future Market

In summary, the non-ferrous analysts of business associations believe that the recovery of financial data in January shows that monetary policy tends to be loose, the results of Sino-US trade negotiations are good, and the supply and demand of nickel market show signs of warming up after the festival. It is expected that nickel market will maintain a strong oscillation pattern and prices will oscillate between 98000-105000 yuan/ton.

According to the price monitoring of business associations, the market price of lithium carbonate in East China remained relatively stable in February, and the fluctuation range of enterprise prices in other regions was relatively flat. On February 27, the average price of industrial lithium carbonate in East China was 73,000 yuan/ton, up 0.83% at the end of the month compared with the beginning of the month. The average price of battery-grade lithium carbonate on February 27 was 83200 yuan per ton, up 1.22% at the end of the month compared with the beginning of the month.

From the observation of market changes, with the arrival of the Spring Festival holidays in February, the lithium carbonate market is in a state of shutdown. From the middle and late January to the end of the holidays in February, the price is generally stable. In late February, with the end of the Spring Festival holiday more than a week, lithium carbonate upstream and downstream enterprises have started production and procurement, but the market turnover is relatively small. At the end of February, the holiday atmosphere gradually faded and the downstream enterprise purchasing atmosphere gradually began to improve, and the market fairs slowly increased. At present, most enterprises have expressed a wait-and-see attitude towards the price of lithium carbonate and have no plans to adjust the price for the time being. At present, the price of industrial grade lithium carbonate in East China is between 68,000 and 76,000 yuan/ton, and that of battery grade lithium carbonate in East China is between 86,000 yuan/ton, which remains stable as a whole.

According to business analysts, with the end of the holiday, the lithium carbonate market began to recover gradually. According to lithium salt manufacturers, this year is slightly better than the same period last year, and the short-term lithium price market mentality is stable. For new capacity, production in the first quarter is still in the trial run stage, so the relative output will not increase significantly. The price of lithium carbonate is expected to remain stable in the future.

Price Trend

According to the price monitoring of business associations, as of February 26, the average price of domestic aggregated MDI market was 14625 yuan/ton, and the overall market continued to explore.

II. Market Analysis

Products: Domestic aggregated MDI market has moved up broadly. North China and East China Wanhua negotiated 14300-14500 yuan/ton, Shanghai negotiated 14000-14200 yuan/ton, South China Wanhua negotiated 14500 yuan/ton and Shanghai negotiated 14300-14500 yuan/ton. Basf Crescent listing increased, and other companies raised expectations strong, the industry more cautious to watch the market, sporadic tentative increase in offers, active market inquiries, new orders to boost the market.

On the market side, North China Polymerization MDI market offer moved up. Basf’s wide listing increase in March pushed up the broad market offer. However, because Wanhua’s listing has not yet been introduced, the market atmosphere is more wait-and-see, the inquiry atmosphere is still acceptable, and small single transactions are the main ones. East China Polymerization MDI market offer moved up. At present, the market news is not clear. Supported by the increase of Basf’s listing, the market has been exploring sporadic quotations. The market enquiry atmosphere is still acceptable, but there is a shortage of real single transactions. Sporadic offer of South China Polymerization MDI market increased. At present, there are still fewer market offers. Affected by the increase of Basf’s listing, the traders have a strong bullish attitude towards the future market. However, because the prices of other enterprises have not yet been introduced, the market is more wait-and-see atmosphere.

Industry chain: In terms of raw materials, East China aniline Market has been reorganized and operated. Eastern China enterprises still have less market volume, purchasing from downstream to North China. Eastern China enterprises are mainly stable in price and delivery, focusing on the main enterprises’offer.

3. Future Market Forecast

Business Cooperatives Viewpoint: On the positive side, Basf’s listing increased broadly in March; the atmosphere of market inquiry increased, and the operators were reluctant to sell at low prices; other enterprises were not listed, and the market was mainly on the lookout. On the short side, there are many stockpiles in the downstream in the early stage, and the purchasing is limited; the downstream just needs to recover slowly. Business Association aggregation MDI analysts expect that the aggregation MDI market will move up steadily in the short term, focusing on the recent volume and price information guidelines for other enterprises.

On February 12, the Ministry of Industry and Information Technology released the operation of the non-ferrous metal industry in 2018, and put forward the key work of the industry in 2019.

I. Basic Situation of Industry Operation

(1) Production has increased steadily and investment has recovered. In 2018, the output of ten kinds of non-ferrous metals was 56.88 million tons, an increase of 6% year on year. Among them, the output of copper, aluminium, lead and zinc was 9.03 million tons, 35.8 million tons, 5.11 million tons and 5.68 million tons, respectively, which increased by 8.0%, 7.4%, 9.8% and -3.2% year on year, while the output of copper and aluminium was 17.16 million tons and 45.55 million tons, respectively, which increased by 14.5% and 2.6% year on year. In 2018, the investment in fixed assets in non-ferrous industry increased by 1.2% year on year. Among them, the investment in mining and mineral processing decreased by 8% year on year, while the investment in smelting and processing increased by 3.2% year on year. The scale expansion has shifted to increasing technological innovation such as environmental protection and safety, as well as research and development of high-end materials and new technologies.

(2) Price volatility has fallen, and the benefits of the industry have declined substantially. In 2018, the average spot prices of copper and lead were 50689 yuan/ton and 19126 yuan/ton, respectively, rising by 2.9% and 4.1% year-on-year respectively. The growth rates fell by 26% and 22% year-on-year. The average spot prices of aluminium and zinc were 14262 yuan/ton and 23674 yuan/ton respectively, down by 1.8% and 1.7% year-on-year. The main business income of non-ferrous Enterprises above scale is 5428.9 billion yuan, an increase of 8.8% over the same period of last year; the profit is 185.5 billion yuan, a decrease of 6.1% over the same period of last year; the profit of mining and processing is 41.6 billion yuan, the same as that of last year; the profit of smelting and processing is 67.9 billion yuan and 75.6 billion yuan, respectively, a decrease of 10.2% and 5.6% over the same period of last year, especially the profit of aluminium industry declines by 40.1% over the

(3) The situation of import and export has changed and positive progress has been made in overseas investment. The annual export of unwrought rolled aluminium and aluminium products was 5.8 million tons, an increase of 20.9% over the same period of last year. With the implementation of the policy of prohibiting foreign garbage entry, the import of copper scrap dropped 32.2% and the import of refined copper increased 15.5% year on year. Overseas resources development has been vigorously promoted, and overseas projects such as China Aluminum Group, Minmetals Group, Zhongjin Lingnan and Weiqiao have made new progress.

(4) Structural reform on the supply side has been deepened and the transformation and upgrading of the industry has been accelerated. More than 33 million tons of electrolytic aluminium production capacity has been transferred to energy-rich areas such as Inner Mongolia and Yunnan through capacity replacement. China Aluminum Group has integrated Yunnan metallurgy, and Shandong Weiqiao Holdings Co., Ltd. has made continuous progress in joint restructuring. De-leveraging has made progress, with the industry’s asset-liability ratio of 62.2%, down 0.6 percentage points from a year earlier. With the acceleration of filling plate, 7050 full-size aluminum alloy thick plate has been licensed to install, aluminum air battery and nano-ceramic aluminum alloy have been industrialized, energy consumption of copper and aluminium smelting has been declining, and the level of green development has been continuously improved.

II. Problems Faced

(1) Costs are rising and consumption is sluggish, and the pressure on the operation of the industry is increasing. From the production side, affected by the rising cost of raw and auxiliary materials such as minerals, raw materials, coal, electricity and the increasing investment in environmental protection, the main business income cost per 100 yuan in the industry in 2018 is higher than the average industrial level of 3.97 yuan, an increase of 0.58 yuan over the same period of last year, especially the average comprehensive cost of electrolytic aluminium. From the consumer side, the traditional consumption fields such as real estate, electricity, automobile and household appliances continue to weaken, and the new application fields with large quantity, wide range and strong driving force need to be expanded. In addition, private enterprises are an important part of the non-ferrous industry, but because of the high cost of financing and heavy non-operational burden, there are still barriers in undertaking major projects and other aspects, and the development pressure is greater.

(2) The low-end surplus and shortcomings are prominent, and the deep-seated problems of industrial structure are prominent. Strictly controlling the new capacity of electrolytic aluminium is still arduous. There is a risk of overcapacity in some low and middle-end processing areas. There is also a rapid expansion of stage capacity in some emerging areas such as lithium salts and precursors of ternary materials. There are shortcomings in high-end materials and green smelting, and key non-ferrous materials for aerospace and integrated circuits are still dependent on imports. In 2018, the unit price of aluminium imports is 1.9 times that of exports. Some smelting industries still lack industrialized technical support to achieve special emission limits. Pollution prevention and control is still an important bottleneck restricting the green development of the industry.

(3) The international trade situation is complex and the development environment is becoming increasingly severe. With the increase of uncertainties in the global economic trend and the substantial impact of trade friction, it is difficult to sustain the sustained growth of aluminium exports. The blockage of exports of non-ferrous terminal consumer goods such as electromechanical, automotive and other non-ferrous consumer goods will also increase the pressure of industry operation. Because of the strong financial attribute of non-ferrous metals, the indirect impact of trade frictions on the industry is even greater than the direct impact, impacting market confidence, prices and investment, affecting the development of the industry.

Key Work in 2019

(1) Make excellent increments and accelerate the innovative development of new non-ferrous materials and new formats. We will expand the upstream and downstream cooperation mechanism of civil aircraft aluminium materials into the cooperation mechanism of civil aircraft materials, promote the implementation of key annual tasks, track the progress of new energy vehicle platform construction, strengthen supervision and coordination, and form annual symbolic work results. Implementing the new material “filling board”, establishing the database of non-ferrous new materials and the industry testing and evaluation center, and improving the basic system of non-ferrous new materials. At the same time, we should promote the deep integration of non-ferrous industry and the Internet, build advanced non-ferrous metal industry clusters, expand application areas, and explore new modes and new formats of industry development.

(2) Optimizing stock and improving the level of intelligent and green development of industrial chain. To formulate guidelines for the construction of intelligent mines and factories for non-ferrous metals and guide the construction of intelligent standardization in the industry. Focusing on the green manufacturing shortcomings of traditional industries such as copper, lead, zinc, tungsten and magnesium in green smelting, ultra-low emission, harmless disposal of waste residue and comprehensive utilization of resources, we should speed up the research and development and promotion of applicable technologies, guide some industrial agglomeration areas to carry out technology supply-demand docking, and guide enterprises to accelerate green development.

(3) Coordinating policies to promote the standardized development of the industry. Promote the structural reform of the supply side, continue to maintain the high-pressure situation of strictly controlling the new capacity of electrolytic aluminium, strictly implement capacity replacement, and guide the high-quality development of alumina and electrolytic aluminium industry through market-oriented and legalized ways. Strengthen policy coordination and service, coordinate and promote industry cost reduction, form a development pattern of mutual promotion between state-owned enterprises and private enterprises, consolidate Sino-Russian cooperation mechanism, improve foreign cooperation platform, guide industry to cope with trade frictions and deepen international cooperation. Revising and promulgating industry normative conditions, reforming management methods, and strengthening the guiding role of normative conditions in promoting industry technological progress and normative development. Strengthen the analysis of hot issues, stabilize market expectations, and promote the smooth operation of the industry.

According to foreign media, Codelco said on Saturday it hoped to restart operations at Chuquicamata Copper Mine in the North soon after heavy rains forced it to suspend production a day ago.

Codelco said the company’s MinistroHales copper mine reopened late on Friday after several hours of suspension, and workers at the Chuquicamata copper mine began shifting on Saturday afternoon in an attempt to gradually resume normal operations. Codelco is the world’s largest copper producer.

According to Prussian Energy Information London, Russian Customs Administration recently released statistics showing that Russia’s oil exports increased by 1.1% from January to December 2018, reaching 150.52 billion tons.

Only in December, Russian oil exports fell 1.5% from a year earlier to 11.64 million tons, as Russian authorities demanded companies to increase sales in the domestic market.

Russia’s oil exports last year were mixed. At first, the volume of oil exports rose, then declined due to rising domestic prices and concerns about the impact of exports on domestic supply.

Russia exports diesel oil, aviation kerosene and fuel oil to the international market, but its gasoline exports mainly to the surrounding countries.