The impact of market economy on the operating rate of cemented carbide enterprises?

I. Basic Economic Performance

The current market situation is severe and the competition is fierce. The tungsten industry is affected by falling product prices. The year-on-year decline of profits and taxes increases month by month, and the year-on-year growth of production and income decreases month by month.

By the end of July, there were 107 tungsten enterprises above designated size in Jiangxi Province. From January to July, the equivalent amount of tungsten concentrate accumulated 24,000 tons, with a year-on-year growth of 13.8%; The main business revenue was 19.25 billion yuan, up 20.7% year on year; Profit and tax of 1.98 billion yuan, down 4.9% year on year, including: profit of 1.26 billion yuan, down 14.0% year on year, tax of 720 million yuan, up 16.7% year on year.

Since this year, the province's average operating rate of tungsten products enterprises is about 70%, tungsten free smelting and processing enterprises in a state of semi-production, with tungsten molybdenum ore smelting and processing enterprises operating rate of about 90%. The operating rate of tungsten enterprises is slightly higher than that of rare earth and copper enterprises.

Second, the main existing problems

First, business orders decreased, product prices fell. Affected by the global market demand downturn, product prices show general decline. At present, the demand of non-ferrous metal downstream enterprises is not active, mainly because the price is still falling, downstream enterprises are in a wait-and-see state, "worried that the buy-back price will fall again".

Second, the production directive plan index is less. Smelting industry is generally under construction, especially the raw ore can not be effectively supplied.

Iii. Reason analysis

(1) Industry market downturn and difficult recovery.

At present, the downside risk of the global economy is still large. Most countries in the euro area are in a double crisis of debt and business. Us unemployment has rebounded, consumer confidence has fallen and the economic recovery has lost momentum. Emerging economies are under pressure for structural adjustment, their economies are slowing down more than expected, and the world economy is facing increased uncertainties. As the global economic situation continues to weaken, product prices are likely to fall further, but the extent of the decline will be limited. Some predict that the global economy will have a cold winter for about three years. Due to the global economic slowdown, the prices of products in the non-ferrous metal industry fall back or remain low. The price factor has become the primary reason affecting the recovery of the non-ferrous metal industry.

(2) The market is declining and the business risks are increasing.

The price of products continues to fall, and the competition of non-ferrous metal products becomes fiercer. The price of tungsten decreases month by month. At the same time, the cost of electricity and labor increases significantly year-on-year, with the average increase of labor cost by 16% year-on-year. Enterprises are facing downward pressure from the market, and the price of inventory products is lower than that of the beginning of the year, which increases the operating risk.

(3) Enterprise orders decreased, product prices fell. Affected by the global market demand downturn, the prices of non-ferrous products show a general downward trend. In 2011, the price of tungsten reached a record high (153,000 yuan/ton for tungsten concentrate), and now it is still fluctuating at a high level (103,000 yuan/ton for tungsten concentrate). This year, the price of tungsten has a small decline compared with the price of rare earth, while the price of rare earth and copper is stable, but there is still a downward trend, and it is estimated that the downward space is limited.

(4) The economy showed signs of stabilization in the middle of the year, but the downward trend of the economy has not been fundamentally reversed. With the central bank's interest rate cut and a series of economic stimulus policies to maintain growth, it is expected that the economy will gradually reverse the continuous decline in the fourth quarter and regain growth momentum. The price of non-ferrous metal products with the improvement of the national macroeconomic environment, is expected to be a low shock rebound trend, prices will curb the previous obvious decline situation, there is a rebound momentum. Exports are affected by the deep-seated problems in the world economy, the rising cost of enterprises, the appreciation of the RMB and the shortage of funds. It is expected that there will be no significant recovery of exports in the future.

Fourth, the current idea to crack the dilemma of enterprises

1. Seize the favorable opportunity of reducing the current construction cost, grasp the project, the project, the construction project, solidify the foundation, strengthen the foundation, improve the management, reduce the cost, improve the product quality, comprehensively arrange the internal control work, and comprehensively improve the market competitiveness of the enterprise.

2. Make full use of the preferential policies of the state to support the revitalization and development of Southern Jiangsu Area, strive for more tungsten processing and application projects to settle in Jiangxi, increase the investment of existing projects, and ensure that the projects under construction can be carried out on schedule.

3. Build a development platform and expand space. To promote the expansion and capacity of the park, improve the ability to undertake industrial transfer, plan the construction of tungsten science and technology industrial park, resource reuse and circular economy industrial base and other characteristic parks, and promote the construction of characteristic industrial parks with high standards.

Five, some suggestions

1. In view of the common problems in the development of the tungsten industry, it is suggested to introduce support policies for the tungsten industry, such as product structural tax relief, discount loans and other support policies, and improve the tax reduction policies for comprehensive resource recovery and utilization to help enterprises tide over difficulties.

2. Supporting policies and mandatory plans are tilted towards advantageous enterprises, which is conducive to the protection of resources and the environment, as well as energy conservation and emission reduction. At the same time encourage enterprises to import tungsten ore.

3. It is suggested to cancel export tariffs on deeply processed products of non-ferrous metals and increase export rebate rates on deeply processed products of non-ferrous metals.

4. Vigorously develop circular economy and deepen comprehensive utilization of resources. Through scientific and technological innovation, product structure should be adjusted, economic indicators should be optimized, the yield of selection and smelting should be increased, and the limited resources should be comprehensively utilized to reduce consumption, thus reducing costs and easing the pressure brought by inflation and falling product prices.

5. It is suggested to extend the assessment time of enterprises. Due to the cyclical changes of the global economy, the annual enterprise assessment is too short to adequately reflect the business situation of enterprises. It is suggested to extend the assessment time of enterprises to once every 2-3 years.