Aluminum Corporation of China from a loss of 4 billion yuan to achieve net profit of 27.58 million yuan

Aluminum Corporation of China (5.10, 0.00, 0.00%) (601600.SH) in 2014 experienced a huge loss later, the successful turnaround in the first half of this year. China Aluminum 2015 semi-annual report, reporting period, operating income was 66.087 billion yuan, down 5.71%, but net profit of 27.58 million yuan to complete the turnaround.

This year, aluminum prices since the beginning was a unilateral downward trend, the average prices last year rose 5.66%. In this case, China Aluminum gross margin also improved.

Although realized losses in the first half, but the high price and sluggish market conditions make China Chalco still facing a severe test.

27.58 million yuan, the amount of China's aluminum industry such a large central enterprises, the only drop in the bucket. However, in terms of another level, profit 27.58 million yuan to carry the "loss King" pressure China Aluminum Industry, is still a huge change. Last year, the China Aluminum net loss as high as 4.123 billion yuan.

Industry downturn, in the case of weak market demand, China Aluminum production processes from the start, reducing production costs. In addition to control production costs, China Aluminum in asset integration has also to be adjusted accordingly. In fund management, China Aluminum has been adjusted.

After this offering, the net assets of Aluminum Corporation of China will increase significantly, asset-liability ratio dropped accordingly. Losses in the first half performance, but also to see the dawn of China Aluminum annual losses. Chinalco to expand in foreign markets or license to become a new growth point.

Turkey became a net importer of steel in the first half 2015

According to the latest data release of the Turkish Iron and Steel Producers' Association, the first half of 2015, down (especially in the last few months) between raw materials and finished steel (1970, -10.00, -0.51%) profit margins, intense global steel market competition and dumping steel influx, making Turkey the steel trade balance reversed to become a net importer of steel. Statistics show that in the first half, the Turkish steel imports rose 34.4 percent to reach 9.03 million tons, worth $ 6.25 billion; steel exports fell 10.1 percent year on year to 8.47 million tons, a significant decline in exports up 21.4 percent to $ 6.26 billion .

Sub-species, the first half, Turkey imported 1.44 million tons of slab, an increase of up to 114.7%; billet imports were 1.14 million tons, up 62.5%; imports rose 25.5 percent year on year plate to 4.13 million tons; length timber imports grew by 7.3%, reaching 797,000 tons; pipe imports were up 10.8 percent to 228,000 tons.

The first half of Turkey's steel exports declined year on year, mainly due to the downturn in the country's main export market demand and is facing fierce competition from Chinese steel. The first half of Turkish billet exports declined significantly by 21.9% year on year to 151,000 tons; long steel exports amounted to 5.24 million tons, down 10%; plate export volume of 113 million tons, down 10.1%; however, steel exports an increase of 3.8 percent to 953,000 tons.

Analysis of aluminum prices in August

China is the world's largest aluminum producer and consumer countries, and therefore the price of aluminum has been the focus of domestic production vendors concerned. Since August this year, the London Metal Exchange (LME) aluminum material offer has been hovering near the lows, trading at $ 1,528 on Monday, the 25th, the Yangtze River spot market price is the lowest 11,780 yuan, the Shanghai stock market, the lowest price is 11,770 yuan, year on year decline. Domestic aluminum prices continued to decline in August. Continued low aluminum prices brought down the price is appropriate, then the impact of the major factors that aluminum prices, what does?

First, the impact of fluctuations in aluminum prices by the supply of alumina. Alumina costs account for about 28% ~ 34% of aluminum production costs, while China's annual alumina gap basically in the 100 to 150 million tons, the international and domestic alumina supply is abundant, the price will directly affect aluminum ingots Cost of production.

Secondly, power and electricity has been an important factor affecting the development of China's electrolytic aluminum industry. According to incomplete statistics, the average power consumption per ton of aluminum of about 16,000 degrees. In addition, aluminum ingots inherent characteristics and uses determines its price on the one hand to be affected by domestic and international supply and demand, on the other hand to the affected domestic economic growth and economic policy.

In addition, the aluminum products prices also be affected by changes in import and export policies, the international market, as well as the aluminum industry trends. With its high strength, corrosion resistance, good thermal stability, easy to shape, and other characteristics can be recycled, aluminum alloy material is widely applied to transportation, housing, cars and shipbuilding and other industries, with a large number of the transformation of China's power grid, aluminum consumption will also have a corresponding increase in these factors will demand and prices for aluminum plate will also have a positive impact, the impact on domestic prices of nonferrous metals industry will be greater.

For a long time, Detect-Metals, with its superior quality assurance, high cost and other advantages to become the leading brand of Chinese aluminum industry. Its main products include aluminum plate, embossed aluminum, aluminum alloy, aluminum brazing, hardening, drawing board, the thick aluminum, aluminum and other deep-drawing. With its advanced production equipment and exquisite craftsmanship, Detect-Metals has been widely praised at home and abroad.

Incoloy 800H and Incoloy 825 steel components Chart

Grade	Ni，min	Cu	Mo	Fe	Mn	C	Si
UNS N08020（Alloy 20）	32.0-38.0	3.00-4.00	2.00-3.00	-	2	0.07	1
UNS N08028（Alloy 28）	30.0-34.0	0.6-1.4	3.0-4.0	-	2.5	0.03	1
UNS N08800（Incoloy800）	30.0-35.0	0.75	-	39.5,min	1.5	0.1	1
UNS N08810（Incoloy800H）	30.0-35.0	0.75	-	39.5,min	1.5	0.05-0.10	1
UNS N08811（Incoloy800HT）	30.0-35.0	0.75	-	39.5,min	1.5	0.06-0.10	1
UNS N08825（Incoloy825）	38.0-46.0	1.5-3.0	2.5-3.5	22.0,min	1	0.05	0.5
Grade	S	Cr	Al	Ti	P	Nb	Ta
UNS N08020（Alloy 20）	0.035	19.00-21.00	-	-	0.045	Nb+Ta:8xC-1.00
UNS N08028（Alloy 28）	0.03	26.0-28.0	-	-	0.03	-	-
UNS N08800（Incoloy800）	0.015	19.0-23.0	0.15-0.60	0.15-0.60	-	-	-
UNS N08810（Incoloy800H）	0.015	19.0-23.0	0.15-0.60	0.15-0.60	-	-	-
UNS N08811（Incoloy800HT）	0.015	19.0-23.0	0.15-0.60	0.15-0.60	-	-	-
UNS N08825（Incoloy825）	0.03	19.5-23.5	0.2	0.6-1.2	-	-	-

more details:Incoloy 800H and Incoloy 825 steel components Chart

Mechanical Properties table of Incoloy series

	Tensile Strength	Yield Strength	Elongation
UNS N08020（Alloy 20）	551	241	30
UNS N08028（Alloy 28）	500	214	40
UNS N08800（Incoloy800）
Annealed	518	207	30
Cold-worked	572	324	30
UNS N08810（Incoloy800H）	448	172	30
UNS N08811（Incoloy800HT）	448	172	30
UNS N08825（Incoloy825）	241	586	30

Indonesia adhere to prohibit the export of nickel ore ,is seeking to enhance mining activities

According to the Jakarta Sept. 1 news, an Indonesian senior government official said, Indonesia will continue to ban the export of nickel ore. This is contrary to previous media reports, the media reported that the country may relax the ban in order to boost the economy.

Indonesia early 2014 banned the export of unprocessed metal ores, thereby forcing companies to build smelters. But the move led to the country lost billions of dollars in revenues last year.

Darmin Nasution, Indonesia's chief economics minister said on Tuesday that Indonesia will seek to implement the mining policy. This statement obtained mining minister Sudirman Said affirmed.

Said said: "We are seeking to enhance the operational activities of nickel and bauxite." He added that Indonesia will not relax nickel ore export ban.

Indonesian Business Daily (Bisnis Indonesia) on Monday quoted the Department of Energy's coal business executives Adhi Wibowo, then it reported that the country may relax bauxite and nickel ore export ban.

Tuesday could not be reached to comment on this Wibowo.

Before the Indonesian government has said it plans to postpone the deadline for the export of copper concentrate, and may relax bauxite export ban.

However, according to the Ministry of Energy and Mines, Mineral Resources and coal Affairs Commissioner Bambang Gatot, no relaxation of unprocessed nickel ore and bauxite exports-related plans.

He said Indonesia was completed this month evaluate domestic smelter building. "We will first understand the results of the assessment."

Indonesia's economic growth in six years lows, the rupiah fell to 17-year low, the country is currently struggling to cope with commodity price weakness and the impact of weakening investor confidence.

Before the ban took effect ore, Indonesia was the world's largest nickel ore exporter, is also the largest supplier for China. Restart Indonesia nickel ore exports will hurt the market share of other producers of the Philippines.

Indonesia including major nickel miner Vale Indonesia and PT Aneka Tambang.

Chairman of the Indonesian Nickel Association (Indonesian Nickel Association) Susantyo said that if Indonesia now allowed to export, then the nickel producers do not benefit much, because the current global nickel prices at multi-year lows. "Rumors about the relaxation of the ban often rise, but if really relaxed the ban, then it shows that the Government is not consistent."

Indonesia adhere to prohibit the export of nickel ore ,is seeking to enhance mining activities

According to the Jakarta Sept. 1 news, an Indonesian senior government official said, Indonesia will continue to ban the export of nickel ore. This is contrary to previous media reports, the media reported that the country may relax the ban in order to boost the economy.

Indonesia early 2014 banned the export of unprocessed metal ores, thereby forcing companies to build smelters. But the move led to the country lost billions of dollars in revenues last year.

Darmin Nasution, Indonesia's chief economics minister said on Tuesday that Indonesia will seek to implement the mining policy. This statement obtained mining minister Sudirman Said affirmed.

Said said: "We are seeking to enhance the operational activities of nickel and bauxite." He added that Indonesia will not relax nickel ore export ban.

Indonesian Business Daily (Bisnis Indonesia) on Monday quoted the Department of Energy's coal business executives Adhi Wibowo, then it reported that the country may relax bauxite and nickel ore export ban.

Tuesday could not be reached to comment on this Wibowo.

Before the Indonesian government has said it plans to postpone the deadline for the export of copper concentrate, and may relax bauxite export ban.

However, according to the Ministry of Energy and Mines, Mineral Resources and coal Affairs Commissioner Bambang Gatot, no relaxation of unprocessed nickel ore and bauxite exports-related plans.

He said Indonesia was completed this month evaluate domestic smelter building. "We will first understand the results of the assessment."

Indonesia's economic growth in six years lows, the rupiah fell to 17-year low, the country is currently struggling to cope with commodity price weakness and the impact of weakening investor confidence.

Before the ban took effect ore, Indonesia was the world's largest nickel ore exporter, is also the largest supplier for China. Restart Indonesia nickel ore exports will hurt the market share of other producers of the Philippines.

Indonesia including major nickel miner Vale Indonesia and PT Aneka Tambang.

Chairman of the Indonesian Nickel Association (Indonesian Nickel Association) Susantyo said that if Indonesia now allowed to export, then the nickel producers do not benefit much, because the current global nickel prices at multi-year lows. "Rumors about the relaxation of the ban often rise, but if really relaxed the ban, then it shows that the Government is not consistent."