Asian Metal visits some Jiangxi-based tungsten enterprises

On August 13-15, 2012, Emily Zhang, tungsten market analyst of minor metal department and Li Xin, manager of marketing department of Asian Metal visited some Jiangxi-based tungsten enterprises and were welcomed with hospitality.

On the afternoon of August 13, 2012, Asian Metal visited Ganzhou Huamao Tungsten Material Co., Ltd and was warmly received by Su Gang, vice-general manager of the company. Ganzhou Huamao is a corporate enterprise invested by Jiangxi Tungsten (Group) Co., Ltd and Ganzhou Huaxing Tungsten Product Co., Ltd. The company can produce up to 3,000tpy of tungsten carbide powder and tungsten powder while it now operates at less than 50% due to weak demand for tungsten carbide powder. Since wolframite price is close to production cost currently and Mr. Su opined that tungsten market will become stable in September supported by raw material prices.

Asian Metal visited Jiangxi Yaosheng Industrial and Trading Development Co., Ltd on the afternoon of August 14 and discussed with Cui Yuming, vice-general manager and He Faming, marketing director on the current state and future trends of tungsten market. The company has advanced processing chain for tungsten products with a capacity of 10,000t of APT, 6,000t of tungsten oxide, 4,000t of tungsten powder, 2,500t of tungsten carbide powder per year. Its cemented carbide production line will be put into operation by the end of this year with an estimated production capacity of 200tpy. Mr. Cui and Mr. He supported Asian Metal to hold the Minor Metals Summit at Sanya, Hainan on October 24-26.

Asian Metal visited Chongyi Zhangyuan Tungsten Inc. on the morning of August 15, and were received by Huang Shichun, general manager, Shi Yusheng, general manager assistant, and Zhang Xinling, manager of Importing and Exporting Division and talked with them about tungsten market development and company management. Founded in 2000, the company is a listed private enterprise focusing on tungsten mining, smelting, milling; cemented carbide and tungsten materials manufacturing, deep processing and trading, with a staff of over 3,000, five mining areas with exploration right, four mines with mining right, five plants for tungsten smelting and advanced processing, and with a capacity of 10,000t of APT, 5,000t of tungsten powder, 4,000t of tungsten carbide powder, and 1,500t of cemented carbide per year.

Asian Metal called on Ganzhou Haisheng Tungsten-Molybdenum (Group) Co., Ltd on the afternoon of August 15 as business manager Xie Lijun received them. Both sides exchanged ideas about the market trend in the short-run as manager Xie expected that the market is unlikely to rebound in Q3. The company has import and export rights, tungsten products export qualification and molybdenum export quotas, providing 600t of sodium tungstate, 3,000t of APT, 4,000t of ferrotungsten, 2,500t of tungsten oxide, 2,000t of tungsten powder, 2,000t of tungsten carbide powder, 500t of tungsten alloy powder, 700t of tungsten bar for steel-making, 180t of wiredrawing tungsten bar, and tungsten rod, tungsten wire, tungsten grain, molybdenum powder, molybdenum bar, molybdenum plate, molybdenum wire, etc. of all specifications.