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How to look at the electrolytic aluminum supply side reform

Source: Time:2016-12-07 10:28:56 views:

The implementation of electrolytic aluminum supply side reform is imperative. The current excess capacity of electrolytic aluminum industry is very large, operating capacity in the highest position in history, to be put into production capacity is also very large, forcing the industry to supply side reform. From the perspective of capacity exit, supply side reform can make part of the administrative role of distortion and can not withdraw from the production capacity to achieve exit, is a clear

The implementation of electrolytic aluminum supply side reform is imperative. The current excess capacity of electrolytic aluminum industry is very large, operating capacity in the highest position in history, to be put into production capacity is also very large, forcing the industry to supply side reform. From the perspective of capacity exit, supply side reform can make part of the administrative role of distortion and can not withdraw from the production capacity to achieve exit, is a clear use of the market for the clear. From the micro-enterprise level, the electrolytic aluminum industry under long-term pressure in the excess capacity, the price down, corporate profitability deteriorated, asset-liability ratio all the way up, individual private enterprises have broken money chain, the debt crisis imminent. From the international market point of view, China's rapid growth of electrolytic aluminum production capacity, China's aluminum exports have gradually increased, foreign governments and related enterprises continue to put pressure. On the whole, supply side reform is imperative.
Promote the supply side of the reform can be limited from environmental protection, eliminate backward production capacity, shut down illegal production capacity and other means. At present, environmental protection and elimination of backward production capacity have been introduced. Combined with this year's government on the supply side of the expansion of the expansion of the argument, we believe that the closure of illegal production capacity will also be introduced.
Shut down the illegal production capacity or into the electrolytic aluminum supply side of the reform point of entry. This year the government has repeatedly stressed that other supply side reform will be market-oriented, legal means to promote. Combined with the Ministry of Industry has always been the implementation of the aluminum industry standard conditions, we believe that the supply side of the reform is likely to ban illegal production capacity as a starting point, and then re-industrial adjustment, the implementation of equal or reduction of means of production capacity control. Ministry of Industry in 2014 - 2016 were identified three batches of electrolytic aluminum enterprises, with a total capacity of about 30 million tons. According to the current capacity of 43.32 million tons, operating capacity of 37.19 million tons of this data, electrolytic aluminum supply side of the reform efforts or beyond imagination.
Policy landing efforts to strengthen, it will be a huge difference in expectations. Previous countries for electrolytic aluminum production capacity control policy did not play a very good control effect, but many of the recent policy of landing than expected, 2016 coal, steel is a good proof. So we believe that including environmental protection and other electrolytic aluminum supply side of the reform policy will eventually have a strong implementation, optimistic about the supply of electrolytic aluminum side reform.


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