Asian Metal visits Skyray Development HK, Qingdao Sinham Trading and Qingdao Harbour Dagang

Friday Gao, manager of base metal department from Asian Metal visited Skyray Development HK Limited, Qingdao Sinham Trading Co., Ltd. and Qingdao Harbour Dagang Co., Ltd. on July 26, 2013.

On the morning of July 26, Friday Gao firstly visited Skyray Development HK, the bauxite import company of Shandong Lubei Chemicals with alumina capacity of 1 million tons per year. Friday Gao had a meeting with Mr. Zhang Jingwu, general manager of Skyray. As Mr. Zhang pointed, the current alumina market is sluggish and their alumina plant is running below 50% of the capacity. They mainly consume Indonesia bauxite, but plan to import part bauxite from Guinea due to high quality.

Also, in the morning, Asian Metal visited Qingdao Sinham Trading, the import company of Shandong Qixing, with alumina capacity of 1 million tons per year. Mr. Zheng Baolin, general manager of Sinham confirmed the sluggish alumina market and complained that the schedule for their alumina plant to come on stream delayed for nearly one year. The plan may come on stream next month. They have stocked enough bauxite. In the long run, they would like to invest bauxite mine abroad, especially in Australia.

In the afternoon, Friday Gao from Asian Metal visited Qingdao Harbour and had a meeting with Mr. Zhang Jiachun, vice manager of the company. According to Mr. Zhang, they can receive 1 million tons of bauxite each month on average. Besides, they have much coal arrived each month.