• Met. Coke A 13%max, S 0.7%max EXW Shanxi(-50)  03-29|Met. Coke A 13%max, S 0.7%max EXW Hebei(-50)  03-29|Met. Coke A 13%max, S 0.7%max EXW Shandong(-50)  03-29|Manganese Sulfate Mn 32%min EXW China(120)  03-29|Pet Coke S 3%max EXW China(-40)  03-29|Stainless HR Coil 201/No.1 6.0mm In warehouse China(-200)  03-29|Stainless CR Coil 201/2B 1.0mm In warehouse China(-200)  03-29|Silicon Metal 5-5-3 Delivered Europe(-50)  03-29|Silicon Metal 4-4-1 Delivered Europe(-50)  03-29|Steel Billet Q235 150x150mm EXW China(-70)  03-29|Steel Billet HRB335 150x150mm EXW China(-70)  03-29|Iron Ore Fine Australian 62%min In port China(-15)  03-29|Rebar HRB400 20mm FOB China(-10)  03-29|Wire Rod Q235 8mm In warehouse Guangzhou(-70)  03-29
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    Business Visits

    Asian Metal visits Hengtai Molybdenum, Chaoyang Boyuan Metal Industry and Jinda Molybdenum

    On 20 November, 2020, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Jeven Shi, molybdenum analyst of Asian Metal, visited Linghai Hengtai Molybdenum Co., Ltd., Chaoyang Boyuan Metal Industry Co., Ltd. and Chaoyang Jinda Molybdenum Industry Co., Ltd., and were warmly received by these enterprises.
    On the morning of 20 November, Mr. Hao Zhao and Mr. Jeven Shi paid a visit to Linghai Hengtai Molybdenum Co., Ltd. and exchanged views on current market trend of ferromolybdenum with Ms. Xiuying Chang, President of Hengtai Molybdenum. According to Ms. Chang, due to the steady demand from Chinese downstream steel enterprises, the supply of raw material molybdenum concentrate and molybdenum oxide might slightly decrease with the gradual recovery of the demand in the international market and the overall ferromolybdenum price would edge up. Hengtai Molybdenum highly recognized the fair, objective and timely market information provided by Asian Metal and expressed the willingness of maintaining long-term cooperation with Asian Metal in sustainable development of molybdenum market.
    Asian Metal
    From left: Xiuying Chang, Jeven Shi
    On the afternoon of 20 November, Mr. Hao Zhao and Mr. Jeven Shi came to Chaoyang Boyuan Metal Industry Co., Ltd. first and exchanged views on domestic supply of molybdenum raw materials with Mr. Wanjun Zhao, General Manager of Chaoyang Boyuan Metal Industry. Mr. Wanjun Zhao believed that in the past ten months of 2020, amid the worldwide spread of the pandemic, the demand for molybdenum raw materials in the international market decreased and a large number of molybdenum raw materials from overseas markets flooded into China. Thus, it's easier for users to purchase materials in China than in 2019, and meanwhile China's molybdenum raw materials prices continued to decline in the first half of this year.
    Asian Metal
    From left: Jeven Shi, Wanjun Zhao, Hao, Zhao
    Then, Mr. Hao Zhao and Mr. Jeven Shi were on a visit to Chaoyang Jinda Molybdenum Industry Co., Ltd. and had exchanges on the current challenges facing by China's ferromolybdenum market with Mr. Guoyou Wu, General Manager of Jinda Molybdenum. Mr. Guoyou Wu stated that China's ferromolybdenum production was in excess relative to the demand from downstream steel mills, resulting in relatively tight supply in China's mines and frequently high raw material purchase prices; while downstream steel companies purchased ferromolybdenum, ferromolybdenum companies competed with each other in terms of prices in order to win orders, which led to the fact that ferromolybdenum companies faced thin profits. The stable supply of molybdenum raw materials in the future market would benefit the steady operation of ferromolybdenum companies.
    Asian Metal
    From left: Hao, Zhao, Guoyou Wu, Jeven Shi
     
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