subject: Alternative Financing Nonferrous Metal Enterprises Purchasing And Storage Pressure Relief - [print this page] 2008 12 end of non-ferrous metals in Yunnan Province Economic and Trade Commission began purchasing and storage.
It is understood that the purchasing and storage enterprises, mainly access to the corresponding value of purchasing and storage of goods, bank loans. Almost the same time, like a free fall, the non-ferrous metal prices, a sudden strong rebound in the New Year around the bottom. This round will continue to rebound and become non-ferrous metal prices reverse it?
Purchasing and storage ease the plight of enterprise fund
Fall through for several months after the New Year ushered in a long absence, non-ferrous metals, "Sunny." December 26, 2008, Shanghai copper bottom 0903 to 22,210 yuan / ton, the 12 yuan 31, suddenly speed up. 9 January rose to the highest, close 27,280 yuan / ton, about a week, up 23%.
Other five major color varieties, aluminum, zinc, lead, tin, nickel played the same scene. Since last month, Shanghai aluminum 0903, 0903 Shanghai zinc, lead three international ethics, international ethics tin 3, International Nickel 3 London after successively at the bottom, speed up before New Year's Day, up respectively 24.5%, 36.7%, 39.6% , 22.7% and 53%.
Colored blocks around the collective New Year's Day, "the Universe", many people start it with Yunnan Nonferrous Metals associated with purchasing and storage.
Last year by the end of November, Yunnan Province, decided to open a province-wide reserves are non-ferrous metals and fertilizers work. In particular: in 2009 a total of 1 million tons non-ferrous metals purchasing and storage varieties, of which 150,000 tons of copper, aluminum and 300,000 tons, 150,000 tons of lead, zinc and 300,000 tons and 100,000 tons of tin.
In Lierulundui six colored varieties Futures Exchange, only the nickel-not included in the purchasing and storage plan. Yunnan Institute of listed companies in your platinum industry, the main business of nickel.
Yunnan Copper Industry official said, Yunnan, purchasing and storage systems and different countries. State purchasing and storage is a buyout of the purchasing and storage of goods. Yunnan purchasing and storage system companies bring products to the Reserve sent pledging fixed warehouse in Yunnan Province, that product is still attributable to business ownership; However, purchasing and storage of goods, the purchasing and storage period, the reserves of key commodities business only through the reserve in Yunnan Province Co After the meeting agreed that in order to get sales.
Joint meeting of the General Office of the Yunnan provincial government
, Yunnan Province Economic and Trade Commission, Yunnan Development and Reform Commission, Ministry of Finance of Yunnan Province, Yunnan Province, the SASAC, Trade and Industry Bureau of Yunnan Province, Yunnan Province Bureau of Quality Supervision, Financial Affairs Office of Yunnan Province, Kunming, People's Bank Bank of China, Yunnan, Banking Bureau, supply and marketing cooperatives in Yunnan Province, Yunnan Province, the Authority reserve materials, the logistics industry groups in Yunnan Province, Kunming Railway and other 13 departments and units. Yunnan Economic and Trade Commission for the convening of units.
For purchasing and storage enterprises, one can get the corresponding value of purchasing and storage of goods, bank loans; Second, the Government provided loan interest subsidy; Third, the government storage charges be supplemented.
"Only delay the market supply purchasing and storage, the system can play a key role in secured financing to poor sales of the enterprises to financial support." Some analysts said the purchasing and storage for aluminum, fertilizer types of businesses are more significance.
Everbright Securities Yan Zhiguo that the establishment of purchasing and storage system in Yunnan Province, reflects the awareness of local government in advance. However, this round of non-ferrous prices rebounded more oversold after the price of color correction, can not be said market reversal.
According to the data, in 2007, Yunnan tin production accounts for about 59%. Output of about 370,000 tons of lead, accounting for about 12%. Zinc output 100,000 tons, accounting for about 19%. Produce 40 million tons of copper, accounting for around 11%.
Yunnan Province, Yunnan Province, has selected the first batch of important goods and materials to businesses, including: Yunlvgufen, Yunnan Coal Chemical Group Co., Ltd, Tin shares, Luo zinc electricity Chihong Zinc and Germanium, King's Zinc Industry in Yunnan, Cloud Dragon Industrial Co., Ltd., Yunnan old sardine electric smelting plant, and Yunnan Copper and other non-ferrous metal reserves of nine business enterprises.
