Coal city “cold”, the coal enterprise operational risk increase, the loss increases, “the disadvantages of the development pattern rely on investment and growth depends on the increment, profit by the price” highlights. Industry experts believe that the next few years, the coal market tight day will continue, the coal enterprises need to make up the short board, to enhance the competitiveness, accelerate the transformation and upgrading.
No coal, lose all
| POLYVINYL ALCOHOL FIBER |
An interview with reporters in Shanxi, the person in charge of all coal mines are said, since June last year, coal prices continued to decline, down 1 decline. Deeper than the financial crisis in 1998 20%.
Datong coal mineral company deputy chief engineer Meng Qinghong said that in October last year to 4500 kcal coal 5100 kcal per ton from 600 yuan to 620 yuan this year, fell to 370 yuan. Datong Coal Mine Group a responsible person said, the price of coal fell every day, some clients shipped coal in the sea to wander, arrival time delay. All enterprise marketing personnel in running the market, on the wagon, at port, at the user, at the back. Shanxi coking coal group sales department responsible person said, the past customers to buy coal are cash or prepayment, now use more and more user acceptance, the financial cost increase a lot. The lack of market demand, the coal enterprises high inventory. The country’s largest coking coal production enterprises in Shanxi coking coal group stock amounted to 2 million 400 thousand tons, much higher than the normal year.
| PVA FIBER |
Enterprise financing burden. Lvliang City, a large coal mine enterprise loans of about 7 billion yuan, the monthly income of 55 million yuan, equivalent to 40% of sales revenue, the average loan interest rate of 7 per cent in 8. The person in charge of the enterprise said, “was not part of the loan 7 billion yuan, there is also interest in the cash account.” Datong Ganzhuang coal chairman Yang Wuwu said, the enterprise accounts receivable gradually increased, and the collection period from 25 days to 66 days.
| PVA 1788 (PVA BP17) |