Non-ferrous metal prices soared in the first half

Original title: In the first half of the year, the price of non-ferrous metals soared by more than 90% of enterprises “happy” to increase performance. Source: Yangtze River Nickel Industry Net

According to an operating report issued by the China Nonferrous Metals Industry Association, the price of non-ferrous metals in the first half of the year once reached a historical high. Take copper and aluminum as examples. In the first half of the year, the LME March copper price hit a record high of US$10,747/ton. The average price of copper in the domestic spot market in the first half of the year was 66,636 yuan/ton, a year-on-year increase of 49.2%. In addition, the average price of aluminum in the domestic spot market in the first half of the year was 17,421 yuan/ton, a year-on-year increase of 31.6%.

According to statistics, according to the Shenwan industry, among the 65 listed companies that have issued semi-annual performance forecasts in the non-ferrous metal sector, 50 have expected performance increases, 8 have turned losses, 3 have reduced losses, and the remaining 4 have expected performance reductions, first losses or Continue to lose. Among them, in the disclosure of the reasons for the pre-increased performance, the turnaround of losses, and the reduction of losses, most companies said that the performance boost in the first half of the year was due to the increase in the price of non-ferrous metals related to the main business.

Over 90% of enterprises “happy” to improve performance

As of August 11, among the 65 non-ferrous metal-related companies that have disclosed their semi-annual report performance forecasts, 61 companies have announced good news about pre-increase, turnaround, and loss reduction, accounting for more than 90%, of which 36 companies’ performance has increased by more than 100%.

It is noted that the increase in the price of core products has become the main reason for the substantial increase in the performance of such enterprises.

Shengda Resources stated in the announcement that although the company’s mines were affected by the winter shutdown in the first half of the year, the capacity utilization rate of the company’s mines was low in the first quarter, but gradually entered a state of full production after the second quarter, superimposed on the continuous recovery of domestic economic and industrial demand. lead,Zinc priceThe company’s performance has been maintained at a relatively good level, and the performance has been greatly improved; Guocheng Mining said that the real economy gradually recovered in the first half of the year, which in turn led to the increase in commodity prices. The sales prices of the company’s main products such as zinc and lead have increased significantly compared with the same period last year. , Which in turn drives significant growth in performance.

In addition, companies with businesses covering copper, aluminum, molybdenum and other non-ferrous metals also said that the increase in the price of their main products, non-ferrous metals, was a major reason for their performance growth in the first half of the year.

Wang Guoqing, director of the Lange Steel Research Center, said that under the global monetary easing policy, commodity prices have risen significantly, and non-ferrous metals are no exception. The price continues to rise and hit a new high in recent years, which opens up opportunities for companies engaged in this type of business. Space for profit growth. With the continuous recovery of the global economy, the vigorous development of domestic downstream infrastructure, high-end manufacturing, and new energy vehicles, tight supply and demand have also driven the price of non-ferrous metals to rise sharply.