Asian Metal visits Beijing Pan-cheng Vanadium Trading

On August 1st, David Li, General Manager of Ferroalloys Department and Alice Mu, vanadium market senior analyst paid a working visit to Beijing Pan-cheng Vanadium Trading Co.,Ltd. and were welcomed by Li Quanhui, the Vice General Manager, Fan Xiaoping, Director of Management Department and Fan Weiping, Marketing Manager of Management Department.

Beijing Pan-cheng Vanadium Trading Co.,Ltd. was established in July 2007, and it has become one of the largest vanadium products supplier across the globe. The company does import&export trade, transit trade, domestic trade and processing trade of vanadium products, ferroalloys, nonferrous, minerals and steel products. Meanwhile, the company has the global network marketing of vanadium products around the world. It occupies 60% in total vanadium volume in Chinese domestic market.

Mr.Li remarked that the supply of vanadium products in China is currently in excess of demand and most enterprises have great pressure in cash flow, so Chinese vanadium prices keep decreasing this year. Even if some vanadium producers raise offers slightly, it is still pessimistic towards the future market trend affected by weak demand from steel mills. Meanwhile, Chinese vanadium production takes up 60% in the global vanadium market, so the fluctuation of Chinese vanadium prices would influence international vanadium market.

Mr.Li pays more attention to the 7th International Ferroalloys Summit to be held in Sanya Hainan on 21-23rd October, and he will attend the conference.