Tuesday June 29,2010

In 2009 by the international financial crisis, China's national economy after the high-low before the development of gross domestic product grew 8.7%, the growth rate down 0.9 percentage points over the previous year. Prices of raw materials for the cemented carbide industry, in 2009, average domestic price of tungsten concentrates 6.95 million, down 15.7% year on year, of which a maximum price of 72,000 yuan / ton, the lowest 5.6 yuan / ton high and low post for the 14 thousand yuan; APT average price of 10.6 million, down 17.8%; tungsten powder average price of 169,000 yuan, down 18%. Overall, the tungsten market, weakening demand, falling exports of tungsten products, prices, tungsten industry, the significant slowdown in economic growth.

Integrated production and management situation in 2009, cemented carbide, the main features of the following areas:

1, the National carbide production is about 16,500 tons, up flat. Of these, 1,000 tons of carbide production of a line from the hard and hard two companies, accounting for 44.65% of total; production of 1000 tons and 500 tons of enterprises in Xiamen Golden Egret, Chapter Chongyi source Jinan Research Institute and Zhejiang Tianshi 4 companies, who account for the total  18.65%. 

2, changes in product mix to continue toward a reasonable direction. High technology content, good economic growth in a wide margin products, particularly deep-processing products and carbide tools products, deep processing of products such as cutting blades, mining alloy were up 102.17% and  6.84%,  micro- drill, carbide drawing die tools and other products were up by 28.62% and 24.23%.

3, carbide exports and foreign exchange earnings have fallen significantly. In 2009, total exports of carbide 3346.56 tons, down 13.79%; Carbide export 148.211 million U.S. dollars, down 34.12 percent.

4, the industry's economic indicators showed double-digit decline. Among them, the industrial output value (current price) was 10.427 billion yuan, down 16.35%; industrial sales output value (current prices) was 9.759 billion yuan, down 18.87%; the entire industry total revenue of 8.885 billion yuan, down  19.19%;  profit of 309 million, down  41.36%;  profit and tax 726 million yuan, down  34.78%;  profits and taxes 473 million yuan, down  30.10%.

5, the industry employed 21,404 people present, down 1.30%; the industry average wages of 22,600 yuan / year (arithmetic average), up 1.34%.

6, inter-enterprise integration and market, will further enhance the competitiveness of enterprises. 2009, Hunan Nonferrous Metals Group, China Minmetals and integration of Hunan Nonferrous Metals Holdings; Bo Yun successful listing of new materials, etc., for the carbide powerful combination and financing company opens a new way.