Tungsten high-tech ( 000657 ) in October 2013 completed the HNC purchase shares of non- public offering of shares held by the hard- line 100% equity stake from 80% of the company's major asset restructuring hard . Upon completion of this restructuring , the overall strength of the company's main business has been significantly enhanced , the company established a leading position in the domestic enterprises carbide industry. After the completion of the restructuring , according to the data display after retroactive adjustment , full-year 2013 the company achieved total revenue of 11.237 billion yuan , an increase of 32.4% ; completion of the net profit attributable to equity holders of 158 million yuan , an increase of only 2.3% the results failed to meet the commitments made ​​in the reorganization .

The reasons for the poor performance of high-tech tungsten , in addition to market factors , and their numerous deficiencies also closely related to : 1 ) processing is not deep , not fine finishing , facing fierce competition. In the country , whether technical or personnel accumulation literacy , high-tech tungsten in its hard- line , self- doubt is called the hard carbide industry leader , but because of staff turnover , low-grade carbide products have been presented intense competition , and the company really high-end products accounted for a relatively small , only diamonds and Jinzhou has a strong advanced, but compared to foreign products and the gap is still large. 2 ) staff large output inefficient. Subsidiary strains are hard and stiff from decades-old state-owned enterprises , a large number of personnel , the heavier the burden , relative to other companies carbide , per capita output is too low. 3 ) all rely on raw materials purchased , industry chain defects. Companies incomplete industry chain , in addition to tungsten concentrate , APT purchased as a raw material needs , the intermediate products such as tungsten carbide , also need outsourcing, huge production capacity and alloy carbide tools business only modest processing fee charged , resulting in gross profit margin lower .

The actual level of management and shareholders controlling fusion or accelerated decision making. Tungsten tech decision chain length, but also led to its repeated disappointing reasons. In the high-tech tungsten above , in addition to Hong Kong listed company Hunan Nonferrous , there HNG before the real decision-making level CMNH ; while in the high-tech tungsten or less , in addition to its subsidiaries , as well as nearly 20 branch and sub- subsidiary . According to communicate with management , we are told , CMNH and HNG ongoing management integration , which previously CMNH and CMN have unified management , after the completion of the company's management will achieve three triple layer , which will help to improve decision-making efficiency , promote the progress of the relevant commitments .


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Word Roundup: tungsten market because cargo operators reluctant to sell the mine and concentrated emotion , ore, tungsten concentrate purchases more difficult to procure two days Scheelite offer a slight uplift but mainstream turnover continued light and little change in short term trading price of tungsten ore market or continue to safeguard stability operation ; molybdenum domestic market despite the current market outlook, business confidence has dropped some speculators and even low-cost shipping cash but later uncertain movements of the major manufacturers maintain a wait and see , by the impact of the business on the low inventory levels low reluctance steel Merchants sold and bidding will admission or expected short-term molybdenum market to be boosted temporarily stable outlook .

Tungsten Market : As mines and cargo operators reluctant to sell sentiment strong, ore, tungsten concentrate purchases more difficult, prompting two days of tungsten concentrates offer a slight uplift. However , the mainstream transaction continuous light, and not much change in transaction price , expected short-term maintenance of stability of tungsten ore market or continue to run .

Molybdenum Market: Despite the current domestic market outlook, business confidence has dropped , some speculators and even low-cost shipping cash, but the latter trend is not clear, the major manufacturers maintain the sidelines. Affected by low inventory levels , businesses and sell on the unwilling and Steel Merchants bidding to admission. Expected short-term or temporary stability molybdenum market , having to be lifted .


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Recently, Jiangxi Tungsten Carbide Co., Ltd. assume the topic " tungsten alloy scrap recycling technologies and demonstration" technological achievements by the Chinese Ministry of Science and commissioned by the Group of Experts and acceptance of renewable resources industry technology innovation strategic alliance organization. By the Chinese Academy of Sciences Ruilin Zhang Wenhai Technology Co. , National Science and Technology for Social Development Division of Health researcher Yanji , the State Council Development Research Center researcher Cheng Kuaiqiang nine experts on the results of the expert group to conduct a comprehensive demonstration and evaluation, the indicators have reached unanimously approved the acceptance required to confirm the results of the implementation of this technology will effectively improve the utilization of national circulation tungsten tungsten resources strategy , agreed to acceptance .

" Tungsten alloy scrap recycling technologies and demonstration " feature is the national scientific and technological support projects " typical product recycling scrap metal key technologies and applied research ," part of the project in 2011 reported to the Ministry of Science . The topic to scrap carbide as raw material , the main research through the " zinc melting method " is made of tungsten carbide powder can be used again , and then take the powder metallurgy processed into a variety of tungsten alloy products. Thematic group general manager of Jiangxi Tungsten Carbide company Changbin Liu led after three years of struggling to research, scheduled completion of various tasks.

Tungsten Holding Group Vice President Jiang Yan Yang Hua , Director of Group Technology Office Xiaohong Zhu and Jiangxi Tungsten Carbide Co., Ltd. is responsible for the persons concerned to attend the achievements acceptance activities.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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At present , the domestic market today paratungstate remained stable , the price is slightly Yindie , but the mainstream transaction price is relatively stable , the actual turnover less . Paratungstate mainstream market quotations concentrated in 16.6-16.9 yuan / ton , the actual transaction at 16.5-16.9 yuan / ton. Since the implementation of production control , so the current spot market paratungstate inventory is not large, of course, pan-Asian states Gan warehouse inventory continues to increase . Downstream demand procurement , demand release slowly, and inquiry down , the market traded difficulties.

Tungsten powder and tungsten carbide prices fell. The current mainstream market trading price of tungsten powder concentrated in 258-260 yuan / kg, native tungsten concentrate in 257-259 yuan / k, down about 3 yuan / kg. Carbide factory where the lowest ex-factory price as low as 255 yuan / kg, although at present the majority of businesses do not want the price to ship , but the mainstream transaction price has dropped to 260 yuan / kg or less.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
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