The rapid growth of investment in electrolytic aluminum led to a red light in productivity

The Development and Reform Commission released the economic performance in the first quarter. The profit of the cement industry changed from RMB 3.1 billion in the same period of last year to a loss of RMB 350 million. Macroeconomic regulation is still in a critical period. Once the investment in the electrolytic aluminum industry grew too fast, the production capacity exceeded the market's expected demand. On April 26, the spokesperson of the National Development and Reform Commission Cao Yushu published the news that since the beginning of this year, the economic operation of the industrial and transportation industries has been generally very good, but the old issues such as excessive investment in fixed assets, tight supply and demand for coal, electricity, oil, and transportation have not yet been fundamental. solve. According to reports, the investment structure of fixed assets improved in the first quarter. The weak links such as energy and transportation continued to increase. The investment in coal mining and washing industry increased by 86.1%, the investment in electricity, gas and water production and supply increased by 44%, and the investment in railway transportation industry increased by 4.2 times. The investment growth rate of some blind expansion industries has slowed down significantly. Investment in ferrous metal smelting and rolling processing industries such as cement and nonferrous metals, iron and steel, aluminum and other nonferrous metal smelting and rolling processing industries decreased by 2.9%, 1.4% and 6% respectively year-on-year. In the same period of last year, the growth rate was 117.5%, 106.4% and 89.2%. Cao Yushu pointed out that we should soberly realize that some old problems in the economic operation have not yet been fundamentally resolved, and at the same time some new situations and new problems have emerged: The pressure on the rebound in fixed asset investment still exists. Although the increase in fixed asset investment has declined, but due to deep-level problems such as systems, mechanisms, and growth methods have not yet been effectively resolved, the impulse to increase investment and projects in many places is still strong; second, the supply and demand situation of coal, electricity, and oil transportation is still biased. Tight; third is the decline in profitability in some industries. The consequences of blind construction and low-level expansion in the past few years began to show. In the first quarter of this year, the profits of the cement industry changed from RMB 3.1 billion in the same period of last year to a loss of RMB 350 million; the actual loss of electrolytic aluminum industry is as high as nearly 80%, and the industry has reached the edge of overall losses. In addition, the price of production materials continued to rise in the first quarter. Driven by the expansion of investment, coupled with the sharp increase in international crude oil, iron ore and other import prices, in the first quarter of this year, the prices of production materials in circulation have increased by 8.1% and 13.6% over the previous two years, and rose by 6.1%. The continuous rise in data prices has increased the pressure on the general level of consumer prices. The National Development and Reform Commission stated that therefore, whether it is from the current or long-term development perspective, macro regulation and control is still at a critical stage. If there is a slight relaxation, it may be repeated, and even the original source of information may be abandoned: Guangming Net