The preferential policy was abolished, and the Shandong electrolytic aluminum industry was worsened.

Recently, the Ministry of Commerce and the General Administration of Customs jointly issued an announcement. Since August 22, alumina and ferroalloys will be listed in the prohibited category of processing trade, and the state will no longer approve new processing trade contracts. This means that electrolytic aluminum products will no longer enjoy an 8% export tax rebate and a 17% VAT exemption.

It is understood that this is the second major regulation of the electrolytic aluminum industry after the country canceled the export tax rebate for aluminum ingots and imposed a 5% tariff on aluminum ingots. The person in charge of the relevant departments of the Provincial Economic and Trade Commission said that since nearly 50% of the raw materials in the electrolytic aluminum industry in the province are imported and some aluminum ingots are exported, this policy will undoubtedly make the industry worse.

According to reports, the electrolytic aluminum industry is a capital and energy-intensive raw material industry. It uses alumina as a raw material to extract metal aluminum by electrolysis. The automobile, aviation, construction and other industries are all large consumers of electrolytic aluminum. In recent years, due to the strong demand in the domestic and international aluminum market, coupled with the considerable investment return of electrolytic aluminum projects, China's electrolytic aluminum industry has entered a period of rapid development. According to the news of the Provincial Economic and Trade Commission, there are currently 10 electrolytic aluminum enterprises in the province with a production capacity of 1.04 million tons, accounting for 13% of the country. In the first half of this year, the investment in the electrolytic aluminum industry in the province still increased by 15.7%, but the growth rate dropped by 191.3 percentage points.

But in the past two years, the days of the electrolytic aluminum industry are not so good.

Electrolytic aluminum is a high-energy-consuming industry, and the current power bottleneck is becoming increasingly urgent. It is understood that in the past few years, due to the rapid development of power in our province, the development of the electrolytic aluminum industry is largely used to consume excess electricity. However, since last year, there has been a shortage of electricity throughout the country, and the electrolytic aluminum industry has become the focus of attention. Since May 1 this year, the province has once again raised the price of electricity, with an annual output of more than 100,000 tons of electrolytic aluminum using electricity increased by 1.3 points per kWh. It is understood that the extraction of 1 ton of metal aluminum consumes 15,000 kWh of electricity, and the cost per ton of the enterprise has increased by nearly 200 yuan. In addition, the overall production and sales situation has been weak in the past six months, and the price of aluminum ingots has dropped by 1,000 yuan per ton. The electrolytic aluminum industry has experienced widespread losses.

At the same time, the raw material crisis in the electrolytic aluminum industry is becoming increasingly urgent. It is understood that for every ton of metal aluminum produced, it is necessary to "eat" 2 tons of raw material alumina. The province's enterprises consume about 2 million tons of alumina per year, of which 50% need to be imported from abroad. The person in charge of the relevant department of the province said that the electrolytic aluminum products will no longer enjoy the preferential treatment of 8% export tax rebate and 17% VAT exemption, which will directly increase the export cost of the enterprise by about 1,800 yuan per ton. The production and sales situation of enterprises will be more severe.

The relevant person in charge of the Provincial Development and Reform Commission said that this policy adjustment is based on the consideration of further strengthening macroeconomic regulation and control and building a resource-saving society. The enterprises in our province should adopt a positive attitude and work hard to save energy and reduce pollution.

According to the news from the Provincial Metallurgical Industry Corporation, in order to find out the further impact of the policy on the province's electrolytic aluminum industry, the company has conducted research in relevant enterprises. (Reporter Yuan Tao intern during the day)
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.

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