Asian Metal visits Qingdao Juneng, Wisewin Energy and SPL

On 11 December, 2014, Friday Gao, senior analyst of Asian Metal visited Qingdao Juneng International Trade Co., Ltd., Qingdao Wisewin Energy Development Co., Ltd. and Qingdao Source Profit Metals Co., Ltd.

On the morning of December 11, Mr. Gao visited Qingdao Juneng and had a meeting with Mr. Wu Lei, general manger of Juneng, Mr. Zhang Wei, vice general manager of Juneng and Mr. Zhang Jianqing, manager of the company. They talked about the current Malaysian bauxite exports and market movement in the future.

According to Mr. Wu, they now can supply Malaysian bauxite Al 40-43% and are confident about the future market. He believed that Chinese bauxite imports from Malaysia may reach nearly 2 million tonnes per month next year. He pointed out that, unlike iron ore trading, it is risky to import bauxite before finding buyers.

In the afternoon, Mr. Gao visited Qingdao Wisewin and Qingdao SPL. Ms Song Yi, deputy manager of trading department from Wisewin and Mr. Ren Xiqing, manager of Wisewin met with Mr. Gao. Mr. Ren disclosed that they are watching the Malaysian bauxite market. They once dealt with iron ore and planned to cover bauxite, but they need to be prudent. They are making research in Malaysia.

In Qingdao SPL, Mr. Shen Qianying, procurement supervisor, had a short meeting with Mr. Gao. Mr. Shen noted that they are planning to start with bauxite and are prudent. They show interest in bauxite from West Africa. Currently, they still focus on iron ore.