China prepares a list of aluminum plants that meet environmental standards and energy norms

The Chinese government in the near future will prepare a list of aluminum plants, which, in his opinion, meet strict environmental requirements and need monetary support from the state.

State support will be provided in the form of a decrease or exemption from paying some mandatory payments and a lower interest rate on loans.

Companies that have not entered the “list” will be forced to use more expensive money and most likely will significantly reduce production or completely close if the domestic prices for aluminum in China will remain at today's low level.

“The ministry has not yet prepared a list of aluminum factories to obtain preferences. But he will certainly prepare it before the end of the year, ”said an informed source who wished to remain unknown due to the delicacy of the issue.

It is known that large and medium -sized enterprises that meet environmental and energy -saving standards will fall into the government white list. At the same time, the Chinese Ministry of Industry and Information Technologies prepares the ground for creating such a list for steeling production.

In addition, on April 2, a list of the first 45 metallurgical plants of China who had passed the environmental “calibration” was published on the official website of the Ministry.

Reservation in China will be at least reduced. Such a goal sets itself a new government. An excessive offer led to the fact that today aluminum in China is traded at a three -year minimum. The price of one ton of aviation metal on the Shanghai Exchange fell last week to 14650 yuan, decreasing by another 3 percent of the beginning of the year.

The ransom of aluminum to the state reserve of China did not bring any benefit to the market. 400 thousand tons of metal acquired by the state from November 2012 to March 2013 did not affect the excess of demand for demand.

As it became known, many large aluminum manufacturers in China are now trying to agree on a synchronous restriction of production, for artificial restriction of supply and raising prices, but the requirements of territorial executive committees on the impossibility of reducing budget revenues make this plan impossible.

According to the National Statistics Bureau in February in China, 20 million tons of aluminum production capacities were involved with a total capacity of 23 million tons.