Asian Metal visits Ningxia Horizon, Northen Quansheng, Yongyuan and Taifeng

On the morning of 5th Dec, Mr. Zhaohao and Jerry Huang visited Haoruisen Industry Co., Ltd. Located in Yinchuan, and the general manager Mr. Liu Liming greeted Asian Metal with warm welcome. Haoruisen's trading volume of ferrosilicon is about 5,000tpm. They usually held inventories last year to get better profit; however, they rarely have spot stock during the whole year in 2019. The export volume shrank sharply this year to around 2,000tpy, however, they reached around 2,000tpm in 2018. Jerry shared with Mr. Liu regarding some statistics of world-wide output of crude steel and world-wide capacity and output of ferrosilicon. "Except the factor of the government's policy, the further price trend of ferrosilicon still relies on steel mill's demand and producer's supply, and another key point is that whether traders are willing to build stocks," shared Mr. Liu. He appraised Asian Metal's timing and comprehensive international information.

Next, Asian Metal visited Northern Quansheng Industry Co., Ltd., and Mr. Wangjun, the export general manager greeted Asian Metal with a warm welcome. Quansheng export around 2,000tpm in the first seven months, but the export volume shrank since August due to the lower prices from Malaysia and Russia. He mentioned that he still got some inquiries but hardly closed deals due to the lower prices from international suppliers. Mr. Wang gave high credits for impartial and timing prices information of Asian Metal.

Next, Asian Metal visited Ningxia Yongyuan ferroalloys Co., Ltd., and the general manager Mr. Zhao Songlin showed warm welcome to Asian Metal, and Mr. Jerry Huang shared domestic and overseas ferrosilicon market with Mr. Zhao Songlin.

In the afternoon, Mr. Zhaohao and Mr. Jerry Huang visited Shunmei Taifeng Trading Co., Ltd, and Ms. Yang Mei, the general manager gave Asian Metal a warm welcome. Shunmei Taifeng rented two furnaces of 12,500kva from Taifeng Magnesium Group. They're running one furnace now, mainly producing ferrosilicon 72%min unprocessed lump. According to Ms. Yang Mei, the aluminum content of her ferrosilicon 72%min is 0.4-0.8%max, which is much lower the standard aluminum content (1.5-2%max) due to better quality of silica ore, and they already build long-term relationship with two foundries in Anhui and Henan. They prepare to resume another furnace recently. Ms. Yang highly appraised Asian Metal's exclusive concentration on information.