Asian Metal visits Jinan Railway Bureau, Luzheng Futures, Runzheng Industrial and Jinxintuo Logistics

On the morning of January 5, Mr. Friday Gao, senior analyst of Asian Metal visited Jinan Railway Bureau and had a short meeting with Mr. Dong Hui, director of cargo logistics department of the Bureau. Mr. Gao introduced the 9th World Aluminum Raw Materials Summit to be held on May 17-18 in Jinan of Shandong. The Bureau provides with logistics service for alumina dealers.

In the morning, Mr. Gao also visited Jinan Luzheng Futures Co., Ltd., and talked about the aluminum market with Mr. Du Juntao, vice general manager of nonferrous department. Mr. Du anticipated RMB13,500-16,500/t for aluminum ingot price and is optimistic about the market in the first half but pessimistic for the second half, as more new aluminum ingot projects will come on stream in Guangxi in the second half.

In the afternoon, Mr. Gao visited Jinan Runzheng Industrial and Jinxintuo Logistics. Mr. Song Jian, sales manager of Runzheng Industrial introduced that they focus on alumina trade and predicted that alumina price may not go down further to below RMB2,700/t EXW and may rebound soon.

Mr. Wang Xiaolin, director of Jinxintuo, an alumina logistics company in Liaocheng, noted that the demand for alumina delivery increased in Shandong from early January due to more supply from Weiqiao Group.