SHANGHAI, Mar. 2 (SMM) -- SMM launches a special survey of the top issues faced by delegates at the National People's Congress (NPC) as China's annual legislative session starts.
According to SMM’s survey of dozens of enterprises from aluminum industry, 68% of aluminum enterprises are most concerned about the timing of the recovery of end-user consumption. The international situation has been very complicated in recent years, and the task of domestic industrial restructuring is arduous. Weak domestic consumption is an important factor for stronger international aluminum prices but weaker domestic prices. Most aluminum processors said their orders are limited and profit margins are minimal, and they expect more policies to be introduced from the NPC and CPPCC sessions to stimulate domestic consumption. Some enterprises said they are also concerned about the tax rebate policy for aluminum semis.
15% of enterprises are concerned about the macroeconomic policy. One large aluminum enterprise said domestic macroeconomic policy is the biggest reason behind nonferrous metal price movements.
The remaining 17% are concerned about the fair competition between private enterprises and state-owned mining enterprises, private enterprises’ financing capacity, as well as raw material prices and supply.