The wire and cable operating rate rose, electrolytic aluminum energy saving and emission reduction showed

Concerns about the economic recovery in Europe, the main metal price shocks. A research report issued by the United States on Tuesday showed that the European bank stress test underestimated the exposure of some major banks’ debts, and that the credibility of the euro zone’s banking stress test results was again questioned by investors, triggering risk aversion. Warming, the dollar index rose to around 83, a sharp correction in metal prices. On the domestic front, adverse news this week affected more, the National Reserve on Tuesday throwing copper rumors, Thursday's Securities and Futures Commission investigating Hujiajiaozhuang all caused Shanghai copper fell. This week, LME copper, aluminum, and zinc fell by 1.35%, 1.40%, and 0.84%, respectively, while lead, tin, and nickel metals rose by 1.01%, 3.58%, and 4.86%, respectively.

The operating rate of wire and cable rose significantly, and the impact of electrolytic aluminum on energy saving and emission reduction was obvious. In 1.9, the average operating rate of wire and cable companies reached 84.7%, an increase of 6.8% from July's 77.9%, due to the significant increase in demand for wire and cable in the terminal power sector; 2. Currently, there are three main electrolytic aluminum companies in Guangxi. With a total capacity of 910,000 tons/year, the current operating capacity is 870,000 tons/year, and it is confirmed that the largest electrolytic aluminum company in the region will gradually reduce production by 50%. 3. Electricity curtailment measures caused the steel mills to reduce production, nickel prices may be in a turbulent trend.

At present, privately-owned stainless steel plants have been affected. If the state-owned stainless steel factory, which mainly produces 300 series, is affected, the whole industry chain will face the risk of reducing production.