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Aluminum Consumption to Have Larger Growth Space
Wen Xianjun, Vice President of China Non-Ferrous Metals Industry Association, recently attended the 13th China foundry aluminum alloy industry chain development forum and made a report entitled "The situation of China's aluminum industry" .
Huge aluminum consumption in 2016
In the report, Wen Xianjun expounded the consumption of primary aluminum and recycled aluminum. In the first quarter of 2016, China's electrolytic aluminum production amounted to 7.33 million tons, with year-on-year drop of 1.95% and month-on-month drop of 7.02%. Recycled aluminum production increased steadily, with the proportion of domestic recycling increasing year by year and an average annual growth of 24%. Aluminum production continued to rise, with the first drop in investment in 2015. In the first quarter of 2016, aluminum production amounted to 12.92 million tons, with year-on-year increase of 12.2%. He indicates that the development of China's aluminum industry mainly lies in domestic demand. China’s import and export volume accounted for less than 10%, and more than 90% of aluminum consumption is in China.
Aluminum consumption will still have a larger growth space, and aluminum applied in China’s emerging industries will usher in a lot of opportunities.
♦ Aluminum applied in building constructions
In terms of building constructions, the building template amounts to 800 million square meters, among which aluminum alloy template is less than 5%. China's large real estate developers has begun to use aluminum alloy template and aluminum enterprises also begin to engage in template development and production.
♦ Aluminum applied in metal plates and roofs
In addition, China’s metal plates and roofs are mainly made of color steel plates with an annual consumption of 5 million tons or so. If replaced by aluminum, the potential of aluminum market demand will be very huge. With regarding to aluminum alloy bridges, at present Nanning, Hangzhou and other places are actively building aluminum alloy bridges. Especially in Nanning，more than 20 aluminum alloy bridges will be built within two years.
♦ Aluminum applied in transportation
In terms of transportation, China's aluminum alloy semi-trailer production has increased to 2,000. China’s truck trailer production are about 3.5 million, with the current rate of aluminum less than 6%, which falls far behind foreign countries accounting for 70%. Sinopec and oil companies have purchased aluminum alloy tank trucks, but the aluminum alloy tanker market retains less than 2%. While in western countries it exceeds 90%.
Aluminum’s promising future in China
In the end, Wen Xianjun also emphasized the importance of expanding aluminum application by resolving excess capacity, which will definitely play an essential role in energy saving and accumulating secondary resources for China.At present, China’s scrap aluminum resources are rising at a rate of more than 20% per year, which provides basic materials for the rapid development of China’s renewable aluminum. With the growing demand for resources, it is an inevitable trend that we should devote to developing circular economy, improving waste utilization rate as well as constructing green energy saving society for world’s economic development.
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