The aluminum integrates many of the advantages, the aluminum profile and other products are widely used in various sectors of the national economy as well as everyday life. With the rapid development of the domestic economy, China's aluminum production and consumption has increased significantly. The data showed that in the past 10 years, the average annual growth of aluminum production aluminum reached nearly 20%. By 2011, the domestic primary aluminum production capacity is equivalent to six times in 2001. Analysts pointed out that the rapid development of aluminum production, in addition to directly stimulating demand; the breakthroughs including policy and technology are contributed. "Whether the ration of production capacity in the world or production capacity and consumption ration, they have exceeded more than 40%." CMN senior analyst Wang Feihong said.
The automotive manufacturing industry will become the core of aluminum demand growth point
In the view of many analysts, the future demand for aluminum in the domestic market still has a large space, a major factor is that there is still a wide gap between the per capita consumption and developed economies. The data showed that the apparent consumption of aluminum in the domestic market is 2,100,000 and the consumption is 15 kg per capita; for the developed economy the United States, the value is approximately 30 kg, per capita consumption is higher in Japan, which is nearly 35 kg. " In point of view of the automobile manufacturing of the downstream aluminum consumption, the current car ownership per capita in Chinese market is equivalent to the United States in 1918 and Japan in 1964, the level of Japan increased 4 times per capita during 1964 -1974 10 years. The automotive manufacturing industry will become the core of aluminum demand growth point in the future. "said Cao Yang who is an analyst at metal Bulletin Research Department.
The domestic aluminum consumption is both advanced and backward
Wang Feihong thought that compared with the situation in other countries, the domestic aluminum consumption is both advanced and backward. The per capita consumption is ahead of the countries and regions with equivalent GDP per capita, which is much lower rather than the United States and Japan. Although in the amount of point of view, even if the urbanization is completed in the country, the per capita consumption of aluminum extrusions may not be able to reach the level of the United States and Japan, but the growth of the space is still there. "In fact, urbanization pulling for aluminum demand is even more than industrialization. According to the statistics from the National Bureau, if the future urbanization rate increases to 70%, there is still 20 percent growth room, which will undoubtedly continue to drive demand for aluminum. "Insiders pointed out.
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