Business Visits
Asian Metal visits tin smelters and mineral separation plants in Gejiu
From March 23 to March 30, Mandy Gan, a market analyst of Asian Metal, visited many tin smelters including Yunnan Tin Group, Yunxin Nonferrous Electrolysis Co., Ltd., Jinye Mining Co., Ltd. and Kaimeng Industry & Trade Co., Ltd., and mineral separation plants such as Gejiu Zifu Industry and Gejiu Yitong Mining in Gejiu, Yunnan and held friendly exchange of views with them.
Mandy Gan visited Yunnan Kunming Trade Supply Chain Management Co., Ltd. on March 23, and communicated with principal people in charge including Chen Fuqiang, Du Hongwu, Yangshuo, Li Shaojun and Minfang. According to Mr. Chen, the manager, as the cash flow is tight in China’s monetary market this year, the situation that it is difficult for entity enterprises to take out loans is not so likely to recover, causing sluggish demand and unfavorable price trend of tin. The company mainly engages in trade activities of multiple metals by taking part in futures hedging at present.
Then, Mandy Gan left for Yunnan Culture International Investment & Development Co., Ltd. and exchanged views with He Ziming, the marketing manager. Mr. He stated that some smelters have the crisis awareness and hope to sign long-term contracts with their company as the import volume of Burma origin tin ore is gradually decreasing as time goes on. The company mainly engages in importing tin ore with a monthly import volume of about 2,000 metal tonnes.
At night, Mandy Gan paid a visit to Madam Duan Yunchun, the marketing manager of Yunnan Gejiu Zili Mining and Metallurgy Co., Ltd. (“Yunshan” tin ingot). She expressed that compared with 2015, the company has got back on track with a monthly output of about 800t of tin ingot affected by a continuous decrease in tin prices. The company now holds a large amount of stocks.
On March 24, Mandy Gan called on Yunnan Jingpengyuan Economy & Trade Co., Ltd. and exchanged opinions with Gu Cheng, the general manager. The company mainly works on importing tin ore with a monthly import volume o about 1,000 metal tonnes of tin concentrate. Mr. Gu said that their market shares declined compared with several years ago as the imported ore market sees fierce competitions now, adding that the market outlook will become more severe day by day.
In the afternoon, Mandy Gan visited Gao Likun, the department head of ore processing college of Kunming University of Science and Technology, and invited the teachers and students of the college to take part in the 2017 International Tin Industry Summit Forum and give a speech on the latest mineral separation process technology. Mr. Gao said that it will combine the production, study and research of tin industry closely if they join in the Forum, adding that they are willing to maintain close communication and cooperation with Asian Metal on other metal industries.
Soon, Mandy Gan continued her trip to Yunnan Tin Industry & Materials Co., Ltd. and held a conversation in-depth with Liyun, the general manager. Under the guidance of Mr. Li, Mandy visited the production and processing workshop. Li also shared his opinions on the development situation and outlook of tin material market.
At noon on March 25, Mandy Gan had lunch with Zhang Qinggang, the general manager of Gejiu Yongsen Economy & Trade Co., Ltd. Zhang said that the price trend of tin in the future is much favorable seeing from material supply.
In the afternoon, Mandy visited Qunfa Minerals Economy & Trade Co., Ltd. Gejiu Office and shared ideas on the market with Zhang Huanqun, the general manager. According to Mr. Zhang, the output of domestic ore is limited with a continuous decrease in the import volume of Burma origin ore. The raw material supply market in the future is severe, but the imports of Burma origin ore face no difficult in the coming one or two years.
Together with Qiu Zhiyan, the president of Ganzhou Chiding Renewable Resources Co, Ltd. (“Ganxi” tin ingot), and Pengxu, the general manager of Huichang Xiaoshan Tin Industry Co., Ltd. (“Xiaoshan” tin ingot), Mandy Gan visited Gejiu Jinye Renewable Resources Co., Ltd. (“Yinsheng” tin ingot) and communicated with Yan Shaolin and Zhang Shaoyun, who are in charge of the company. They all expressed their own opinions on the market condition of tin and tin smelting process in a lively and harmony atmosphere.
At night, Mandy had dinner with Wu Yin, the general manager of Gejiu Nonferrous Metal Processing Co., Ltd. (mainly “Tianti” tin ingot). Mr. Wu were worried about the development of tin industry in the future and shared his pessimistic opinions on the price trend of tin as the entry threshold of the industry is low with great environmental pollution and the industry will see great changes in the future.
On March 27, together with manager Qiu from Chiding and manager Peng from Xiaoshan, Mandy Gan paid a visit to Gejiu Zifu Industry and exchanged views with He Jiansong, the general manager. As one of the major large-sized mineral separation plants, the company can produce more than 600 metal tonnes of tin concentrate every month. According to He, the import market for tin ore sees severe competitions and they only imported 200 metal tonnes so far this year. The company owns mines with a moderate volume of tin concentrate in stock now.
At night, together with manager Qiu from Chiding, manager Peng from Xiaoshan, and Zhouyang from Shanghai Jingsheng Metal Material Co., Ltd., Mandy Gan had dinner with Lu Zhenghua, the general manager from Yunxin Nonferrous Electrolysis Co., Ltd. (“Yunxiang” tin ingot), He Jiansong from Gejiu Zifu and Zhang Huanqun from Qunfa Minerals and shared views with them. According to Mr. Lu, tin prices may stay firm at RMB140,000/t in the first half of 2017.
On March 28, Mandy Gan, manager Qiu from Chiding and manager Peng from Xiaoshan visited Kaimeng Industry & Trade Co., Ltd. and paid a visit to Yang Yuejin, the president, Lv Shunde, the vice-general manager and Mu Qiquan, the manager of Raw Material Department. They shared with each other the opinions on tin market outlook and Mandy took the initiative in inviting Kaimeng to join in the 2017 International Tin Industry Summit Forum for exchange of views of the industry. The company mainly operates “Yunxiang” tin ingot with a monthly output of about 400t of tin ingot.
