China's first release of copper and aluminum industry climate index

On November 12, the China Nonferrous Metals Industry Association held a conference in October on the “China Copper Industry Prosperity Index” and “China-Alcoa Aluminum Smelting Industry Climate Index”. It is reported that this is China's first release of the monthly prosperity index of copper and aluminum industry.

The data shows that in mid-October, the copper industry index was 25.59. Since October 2014, the index of industrial prosperity has continued to fall, continuing its downward trend in the “very cold” region and continuing to approach the “cold” region; the industrial climate index has not shown any signs of improvement in the coming months. . The mid-month aluminum smelting industry sentiment index was 20.81. Since the beginning of this year, this industry's prosperity index has been declining for seven consecutive months and is approaching the lower edge of the “very cold” interval. Overall, the downward trend of the aluminum smelting industry in the near future has continued to fluctuate at a low level, and downward pressure remains.

It is reported that in October, the copper and aluminum smelting industry climate index is an inevitable reflection of China's non-ferrous metals industry from high-speed growth stage to medium-speed growth stage. The copper and aluminum industry climate index is in the “cold” range, which is relative to the rapid growth of the past 10 years. As the original factors supporting the development of the non-ferrous metals industry have weakened or disappeared, the new supporting factors are still being formed. At present, the non-ferrous metals market is in an adjustment period, which will put heavy pressure on nonferrous metal prices, corporate economic returns and fixed asset investment recovery.