Asian Metal visits Fugu Jinchuan Hongtai, Shaanxi Tianyu, Yulin Wanyuan, Fugu Yabo, Fugu Jinwantong Magnesium

On November 21, 2018, Mr. Hao Zhao, Sales Director and Ms. Daphne Zhang, Consultant of magnesium industry and senior product manager from Asian Metal visited a number of magnesium manufactures in Shaanxi, including Fugu Jinchuan Hongtai Magnesium Alloy Co., Ltd., Shaanxi Tianyu Magnesium Group Co., Ltd., Yulin Wanyuan Magnesium Co., Ltd., Fugu Yabo Coal Magnesium Co., Ltd. and Fugu Jinwantong Magnesium Co., Ltd. Both sides held in-depth discussions and exchanged views on the current status and future market trend in the magnesium market.

In the morning of November 21, the AM team visited Fugu Jinchuan Hongtai. They met and exchanged views with General Manager Mr. Wang Baolin on magnesium ingot supply-demand status of 2018 under the strict environmental protection policy. On account of the tight supply, they believe mainstream prices of magnesium ingot would keep firm in the fist half of 2019. With an annual capacity of 20,000t of magnesium ingot, Jinchuan Hongtai's output is 55tpd and plans to hold the stable volume in the coming months, holding no stock on hand. Jinchuan Hongtai has been Asian Metal members for many years and thinks highly of its objective, fair and timely information service. Jinchuan Hongtai showed strong enthusiasm in taking part in the 8th Magnesium Summit 2019 on 11-12 April, 2019 in Zhuhai.

Later, the AM team visited Shaanxi Tianyu Magnesium where they met and held discussions with its General Manager Mr. Chen Genyong and Vice General Manager Mr. Yang Rui on environmental protection requirements from Shaanxi environmental authorities as well as on operating rates of local magnesium ingot plants. With an annual production capacity of about 50,000t, Tianyu won the recognition of customers in the magnesium ingot industry and owned the largest capacity in China. Tianyu also has been a long-term member of Asian Metal, and quite acknowledges AM's objective, fair and time information service. Tianyu showed strong enthusiasm in taking part in the 8th Magnesium Summit 2019 on 11-12 April, 2019 in Zhuhai. In addition, they would keep supporting the 8th Magnesium Summit 2019.

In the afternoon of November 21, the AM team visited Yulin Wanyuan Magnesium and received a warm reception from Mr. Wang Shunyang, Sales Manager of the company. Both sides exchanged views about the current price trend and future price forecast on magnesium ingot. As a long-established corporation, Wanyuan mainly produces magnesium ingot 7.5kg and 300g. Wanyuan showed strong enthusiasm in taking part in the 8th Magnesium Summit 2019 on 11-12 April, 2019 in Zhuhai.

Afterwards, the AM team visited Fugu Yabo Magnesium and received a warm reception from Mr. Yuan Sanfei, General Manager of the company. Both sides exchanged views about the current price trend and future price forecast on magnesium ingot. Yabo also has been a long-term member of Asian Metal, and quite acknowledges AM's objective, fair and time information service. Wanyuan showed strong enthusiasm in taking part in the 8th Magnesium Summit 2019 on 11-12 April, 2019 in Zhuhai.

Later, the AM team enjoyed dinner with Fugu Jinwantong Magnesium and received a warm reception from Mr. Bai Linwang, General Manager and Mr. Wang Lei, Sales Manager of the company. Jinwantong also has been a long-term member of Asian Metal, and quite acknowledges AM's objective, fair and time information service. Wanyuan showed strong enthusiasm in taking part in the 8th Magnesium Summit 2019 on 11-12 April, 2019 in Zhuhai.