Asian Metal meets some magnesium ingot and alloy producers in Xi'an

The 70th International Magnesium Association conference was held on May. 20-22th, 2013 in Xi’an, Shaanxi province. During the conference, Daphne Zhang and Orchid Jia, both analysts of magnesium metal in the minor metals department from Asian Metal visited officials and representatives from Magontec Xi`an Co. Ltd., Rio Tinto group, Shanxi International I&E Co., Ltd., Ningxia Sun Magnesium Industry Co., Ltd., Shenmu Moyuan Dingtai Magnesium Co., Ltd., Western Titanium Technologies Co., Ltd., Shanxi Credit Magnesium Co., Ltd., and so on in magnesium industry attended this conference.

Mr. Hui Jiang, the General Manager from Nanjing Welbow Metal Co., Ltd., revealed that the current international economic environment is still depressed, and foreign buyers purchased cautiously for lack of confidence to current market trend. In addition, downstream customers adjusted order quantity to reduce the loss caused by market fluctuations due to unpredictable prices fluctuations of magnesium ingot, At the same time, Mr. Jiang expressed confidence in Asian Metal to continue adhering to the neutral third party principle to reflect market conditions fairly, and let more enterprises grasp the business opportunities from information reported by Asian Metal.

In the same vein, the General manager from Shanxi International I&E Co., Ltd., Mr. Wei Wei opined the current magnesium market was complicated and confusing, and he was less optimistic to the market trend as is the more, rather worrisome price trend of the price. They had to order goods according to the market trend. In addition, he also spoke highly of timely and objective reports about the market dynamics by Asian Metal.

Jiancheng Qi, Sales General Manager from Mo Yuan Ding Tai Magnesium Company, was pessimistic about the future market when he shared his perspective. In his opinion, the magnesium ingot market shall not turn upward under the circumstances of weak demand. Therefore, operation of their smelter has suspended rather than scaled down due to lagging market demand. However, he reported to Asian Metal that production resumption would be as early as next week.

Xiaosi Wu, Assistant President of Gold River Metal (Shanxi) Co., Ltd., expressed anxiety about the ceaselessly downward price of magnesium ingot on the scene. According to him as a magnesium alloy smelter, the price trend is bound to awaken consumers to a declining price in the magnesium alloy market. From his perspective, nothing but price stability can drive the market forward.

Tianxiao Cai, Assistant General Manager from Western Titanium Technologies Co., Ltd., extended his contentment as he was able to exchange ideas with both his counterparts and downstream participants. From his perspective, the requirement of extensive consumers proves to be the motive power of upstream smelters. As a magnesium alloy sheet producer, he would like to keep pace with the downstream markets so as to blaze new trails in the future. His company staged on the domestic platform in 2010 and which is gaining increasing popularity among domestic end-users, but he believed that they were still far from making a stride before growing to an alloy leader.