Asian Metal visits Hunan JUFA Technology, Xiangtan Spire Technology and Central South Minor Metal

During 20-22th March, Victor Hu, senior analyst of Asian Metal and Virginia Liu, selenium market analyst visited Hunan JUFA Technology CO., LTD, Xiangtan Spire Technology Co., Ltd and Central South Minor Metal Co., Ltd.

On the afternoon of 21th March, Asian Metal visited Hunan JUFA Technology CO., LTD and was welcomed by Zhao Tieguang, the general manager, and Ouyang Nangui, the sales director. The company is a main producer of selenium dioxide in China, with an output of around 40 tons of selenium dioxide monthly from their own specialized processing factory and intends to build Jiuhua development zone in the near future. Mr. Zhao shared views with Asian Metal on the current situation and future trend of selenium dioxide market.

Selenium dioxide prices have dropped sharply these two weeks, falling to RMB460/kg, mainly because of the high inventory and sufficient supply in China. They can get offers at RMB620/kg in the international market, but they are still reluctant to rebuild their raw material as he expects selenium dioxide prices to continue to decrease.

On the afternoon of 21th March, Asian Metal visited Xiangtan Spire Technology Co., Ltd and was welcomed by Liu Dai, the general manager. The company is engaged in the import of selenium and its trading. Mr. Liu reviewed that the international prices of selenium are high and they are reluctant to rebuild stocks from the global market.

On 22th March, Asian Metal visited Central South Minor Metal Co., Ltd and was welcomed by Liu Bingquan, the general manager. The company mainly produce selenium dioxide, with an output of around 15t of selenium dioxide monthly and plan to expand production of other metals, like tellurium in the near future. Mr. Liu guided Asian Metal to visit the processing workshop of selenium dioxide, introducing the production technology and fully communicated his business concept with Asian Metal.