Financial turmoil to affect Jiangxi Nonferrous Metals
Jiangxi Nonferrous Metals Industry momentum the last two years has been very fierce, but since September of this year, as the global financial crisis, non-ferrous metals industry "eclipsed" a lot. "The financial turmoil affected the tungsten and rare earth minerals and other non-ferrous metal prices fall, direct impact on the Group's sales revenue, if he continues, is likely to affect the Group's year-end sales targets." Jiang Hu Zhuren Tungsten Group Party office is is a concern.
The same concern, there are many non-ferrous metals enterprises in Jiangxi. It's OK to do non-ferrous metals learn from Jiangxi Province, by the financial turmoil since September, Jiangxi copper, tungsten, rare earth minerals, lead, zinc and other non-ferrous metal products and the national market price of similar products in the same line decline, dropping 30% in? 60% of the affected province of copper, tungsten and rare earth production and processing enterprises, many businesses have ceased and the semi-shutdown state, some enterprises have taken refuge is closed the.
According to Department of Jiangxi Nonferrous Metals line available to the press to do a comprehensive "statistical analysis" showed that the financial crisis, nearly three months, copper, tungsten, rare earth minerals, lead, zinc, etc. non-ferrous metals market prices have been plummeting, including: the price of copper this year, up from the 65,900 yuan / ton down to October 29 at 3.18 yuan / ton, down to 51.74%; tungsten concentrate prices up 88,000 from this year Yuan / ton down to the current 60,000 yuan / ton, down to 31.82%; rare earth mineral prices up from this year's 80,000 yuan / ton down to the current 50,000 yuan / ton, down 37.5%; lead prices also the highest this year, 22,700 yuan / ton down to the current 12,000 yuan / ton, down to 47.14%; zinc price of 20,200 yuan by the highest / ton down to the current 08,900 yuan / ton, down to 55.94%; metal Nickel up to 25 this year yuan / ton down to the current 84,000 yuan / ton, down to 66.4%.
"Lower the price of nonferrous metal products, not only directly affects the economic and revenue decline has affected the industry's sales revenue goals." Comprehensive Department of Jiangxi Nonferrous Metals Bank Office Deputy Director Huang told reporters, According to statistics, in the first 9 months, non-ferrous metals industry in Jiangxi province's average monthly sales of 160 billion by the financial crisis, October sales of 100 million, a decrease of 1 / more than three. "If we do not get better, two months after the situation is expected to be optimistic, more serious, and may even affect the province this year, sales of non-ferrous industry goals." According to Office of Jiangxi Nonferrous Metals Bank estimates, due in October this year, copper, tungsten and other product prices fall, demand reduction, on the fourth quarter, non-ferrous industrial production have a very negative impact, is expected in the fourth quarter than the third quarter is expected to reduce sales revenue of approximately 18 billion yuan , the industrial added value will be reduced by 25 million, profits will be reduced 3.0 billion.
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