Tungsten resources are one of the few advantageous resources in my country. China's tungsten resource reserves account for 70% of the world's proven tungsten resource reserves, ranking first in the world. According to the average calculation over the years, China's tungsten mining and supply account for about 80% of the world's annual output. However, for a long time, the domestic and foreign prices of tungsten stolen sources in my country have been under the influence of factors such as the market, industrial policies and international trade rules, and have been in a low delivery state for a long time. This has made my country’s non-renewable rare resources sold at the "cabbage price", even Lower than the cost price should be. It is not sensational that we say this, because the price of various tungsten products has recently increased significantly, and the market fluctuates greatly. Many domestic and foreign friends and customers have inquired in various forms. Therefore, I hope to use my simple experience and limited To make a simple analysis of the cost and price of tungsten concentrate, and analyze future price trends from a strategic point of view.
1. The price of tungsten products constitutes the cost and price of tungsten concentrates. The cost and price of all tungsten products are the basis and source of the costs and prices of all tungsten products. It is decisive for the cost and price of tungsten metal products and tungsten alloy products that are smelted and processed on the basis of tungsten concentrates. Therefore, any turbulence in the cost and price of tungsten concentrate will attract the attention of relevant market participants. Of course, this is only the micro-cost and price concept of the market.
2. The sub-models of micro-cost and profit composition of conversion products smelters are:
A tungsten concentrate price + B processing cost + C tax + D profit = S tungsten product sales revenue. We analyze the relationship between these costs and sales revenue and profit one by one:
A=The price of tungsten concentrate and the purchase price of tungsten concentrate, or the average price of tungsten concentrate in the market: This is a variable item; it can be divided into two parts, the first part is that the price of tungsten concentrate varies with the market Changes, the second part is the recovery rate of the conversion plant, that is, the difference in the effective utilization of the metal pigeon contained in the tungsten concentrate. The first part is driven by the market, while the second part varies with the technical capabilities and management levels of different companies.
B = Tungsten product processing cost. The processing cost of a general tungsten product smelting enterprise basically includes water and electricity, labor, materials, and auxiliary materials. The unified enterprise cost is fixed at a certain time, unless the raw material cost and labor cost increase
C=Tax, if all market participants can pay taxes in accordance with the law, then under the unified tax system, the tax cost is fixed, but after China’s business reform is basically completed, the corporate tax cost is fixed and gradually reduced. However, with the tightening of my country's environmental protection policies and increased law enforcement, the environmental protection costs of both Niao Mine and tungsten refinery companies are constantly increasing. This is also an increasing and changing part.
D=The profit of a company is the result of the fluctuations in the market's fair prices, corporate processing costs and taxation. The result is positive. Congratulations, the company's operating and management capabilities are higher than the industry average, and there is a certain profitability, and vice versa , I was sadly reminded, and it was not far from closing the door. Therefore, this variable factor is not completely controlled by the enterprise, but also a factor that determines the fate of the enterprise.
热门资讯
