Western Mining ten thousand tons dressing plant in Inner Mongolia to achieve pre-production

2013 年 5 Jul 11 ​​China Nonferrous network - non-ferrous metal authoritative media platform 1 May 2013, ten thousand tons of Inner Mongolia and Western Mining Company mill smoothly trial production. China Nonferrous network. After all staff of 60 nights of hard work, constantly commissioning and trial operation with the material on the basis of ten thousand tons strip mill beginning of a full trial, the smooth realization of May 1 trial production goals. China Nonferrous network. The company will be successful test as an opportunity to re-drum drive, even better, go all out as soon as possible the normal types of production targets, and strive to achieve ten thousand tons mill production standards. of molybdenum affected by winter tight supply stage , once rebounded to 1,700 yuan / ton degree horizontal , quarterly average price rose 15% qoq , push up gross margin increased 8.4 percentage points to 26.6% . ( 2 ) a decline in the expense ratio . Current period expenses fell 48% qoq , expense ratio declined 4.2 percentage points to 6.6%. ( 3 ) The effective tax rate decreased by 7 percentage points qoq to 21% .
Molybdenum market volume was light , the cumulative stock price formation on the market outlook or pressure . Molybdenum tube beginning to rebound to 1700 yuan / ton , mainly winter phased supply and demand mismatches . After the Spring Festival , the slow recovery of the downstream demand , the downstream steel prices down, plus molybdenum industry oversupply , resulting in molybdenum and molybdenum prices weak performance , turnover remain light .  Late with businesses operating pressure increases