At present, our raw salt masteries mainly come from sea salt, well salt and lake salt. These three raw salts have their own advantages and disadvantages. The well salt is promising which mainly distribute in central part of our country. Though its product cost is a little high, its transport is convenient and with low freight. So we can say that the well salts in central part will boost up because of the increase demand in backward position.
The locus of Shuanghuan science and technology---Yunying Pan has abundant rock salt. There are more than 10billion ton raw salt have been proved up, and 0.949 billion ton of them is from Shuanghuan group.
The raw salt output of our country is 47.5million ton in 2005 and import is 4.2million ton. The demand of our national market is about 50 million ton. Because of the quick development of pure alkali and caustic soda, in 2006 expectation of our country¡¯s raw salt output will reach 63million ton and in 2010 it will be 71.4million ton. With the increase of national raw salt, anticipation of the lack of raw salt supply in next two years will decrease gradually.
According to 11 statistics before 2005, Henan province is still in shortage of more than 1million ton raw salt which is made up by sea salt recently. Besides, Henan province plans to develop chemical salt in full swing and it plans to reach 5million ton chemical salt the same as the annual raw salt consumption gross. Considering the difficult of developing sea salt, the raw salt in Henan province should relies on well salt. We believe that salt market will develop towards east part in order to make up the shortage of sea salt after the enlargement of salt.
Raw salt is the necessary material for the production of alkali in Shunaghuan science & technology. Recently, its raw salt productivity is 0.75 million ton and it plans to build 0.5million ton raw salt item. (Expect to finish in 2007) After the completion of this item, the raw salt will be affluent.
Raw salt resource values 1.36RMB/section.
The import chemical salt price is 339.45RMB/ton in 2005 which increases 19.8%. The increase of raw salt price mainly depends on the demand of alkali and caustic soda. On the other hand, weather affects sea salt production in 2003 and 2004. Depending on the expectation of increase of alkali and caustic soda and the limit of sea salt increase, so that we expect that raw salt factory price will rise to 210RMB/ton and the price including tax is 245.7RMB/ton.
The liquidity value of raw salt: suppose the raw salt increase rate is 8% in 2007 and after 2016 the production of raw salt will stay in 2.3508 million ton and the profit per ton raw salt will maintain in 33.5RMB (suppose the cost of raw salt is 160RMB/ton and the factory price is 210RMB/ ton). We got 10% as liquidity rate and the liquidity value is 1.36/section.
Considering the resource value, it will increase 0.43RMB/section.
The production of raw salt mainly satisfies the demand of alkali product recently. And after the development of raw salt productivity, raw salt will be affluent which can export. According to our supposed condition, the export raw salt value is 0.33billion and is about 0.71RMB/section.
However, because the raw salt belongs to the group and runs by stock company, the company has to take the risk of paying some charge. Therefore, we estimate 60% of the resource value will account into the company and the investment value will increase 0.43RMB/section on the base of estimation value.
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