Asian Metal meets with Magnesium Metal Representatives

The 15th Chinese Magnesium Association conference was held on Sep. 12-14th, 2012 in Yulin, Shaanxi province. Company representatives from Magontec Xi`an Co. Ltd., Rio Tinto group, Qinghai SunGlow Magnesium industry Co., Ltd., Ningxia Sun Magnesium Industry Co., Ltd., Fugu Jinwantong Magnesium Industry Co., Ltd., Fugu Jingfu Coal Chemical Co., Ltd., and so on in magnesium industry attended this conference.

During the conference, Ms Zhang Jiyu, Assistant Analyst of magnesium metal in the minor metals department visited some relevant persons in magnesium enterprises. R&D department manager Zhen Zisheng, from Magontec Xi`an Co. Ltd., revealed that the current international economic environment was still depressed, and foreign buyers purchased cautiously for lack of confidence to current market. In addition, downstream customers adjusted purchase quantity to reduce the loss caused by market fluctuations due to unpredictable prices fluctuations of magnesium ingot, At the same time, manager Zhen expected Asia 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 timely reported by Asian Metal.

Asian purchaser Nina from Rio Tinto Group said the current magnesium market was complicated and confusing, and she was not optimistic to the market, and rather worried about later trend of the price. They had to order goods according to the market trend. In addition, she also spoke highly of timely and objective reports about the market dynamic by Asian Metal.