Non-ferrous metal production may fluctuate up and down

The 14th Shanghai Derivatives Market Forum, co-hosted by the Shanghai Futures Exchange and China Financial Futures Exchange, was held in Shanghai on May 25. BBS "seek improvement in stability, seek progress in developing seek progress, open" as the theme, is divided into special summit, BBS, seminars, the four levels of community activities, a total of 15 games meeting, closely around the supply side of the ongoing structural reform, improve the futures market allocation of resources, guide and promote the futures market risk management function and panel discussion topics. On May 25, the 14th Shanghai Derivatives Market Forum, co-hosted by the Shanghai Futures Exchange and China Financial Futures Exchange, was held in Shanghai. BBS "seek improvement in stability, seek progress in developing seek progress, open" as the theme, is divided into special summit, BBS, seminars, the four levels of community activities, a total of 15 games meeting, closely around the supply side of the ongoing structural reform, improve the futures market allocation of resources, guide and promote the futures market risk management function and panel discussion topics. Chen Quanxun, Vice Chairman of China Non-ferrous Metals Industry Association attended the forum, Jin Xingming, vice secretary general of Shanghai Municipality and Jiang Yan, Vice Chairman of Shanghai Futures Exchange attended the meeting and gave a speech. "Non-ferrous metal production will grow at about 8 per cent and the growth rate will be slower than in the past. Shang Fushan, vice chairman of China Non-ferrous Metals Industry Association, delivered a speech at the 14th Shanghai Derivatives Market Forum on The afternoon of 25th. The forum is co-sponsored by the Shanghai Futures Exchange and the China Non-ferrous Metals Industry Association. Shang said that the non-ferrous metal industry is one of the pioneers of China's industrial reform, with a high degree of marketization and internationalization. China is the world's largest producer and consumer of non-ferrous metals, as well as the world's most important spot and futures market for non-ferrous metals. As the most authoritative non-ferrous metal futures trading platform in China, Shanghai Futures Exchange has the most mature series of non-ferrous metal futures products. It has played an important role in promoting non-ferrous metal resource allocation, industrial upgrading, enhancing market competitiveness and influence, as well as pricing, and has improved its global influence and status. He believes that futures, as an effective tool for risk management, has penetrated into all aspects of non-ferrous metal enterprise management, and reasonable use of hedging to avoid market risks has become an important means for enterprises to improve economic benefits. At the same time, futures are also playing a positive role in promoting the supply-side structural reform of the non-ferrous metal industry and the work of "three to one decline". For the status quo of China's non-ferrous metal industry is a "stable, positive", "stable" industry. China's non-ferrous metal industry is currently characterized by "output growth, consumption, overall stable import and export, recovery of corporate profits, significantly strengthened self-discipline", such as "destocking, leverage, leverage" and so on. There are varying degrees of progress and effectiveness in reducing costs. At the same time, however, problems such as excess production capacity, weak innovation capacity, and difficulty in financing for enterprises have not been well resolved. Effective investment at home is insufficient, international trade frictions have intensified, and prospects for industrial prosperity and market prices are not optimistic. Current and future a period of time, the main task of the non-ferrous industry is to perform General Office of the State Council issued "about to create a good market environment, promoting the benefits of non-ferrous metals industry structural adjustment to promote transformation of guidance, surrounding the supply side structural reforms, dissolve excess production capacity, improve the ability of resource security, comprehensive industrial competitive work, To achieve the goal of non-ferrous metal industry power to lay a solid foundation. .