Asian Metal visits Zigong Huagang, Zigong Cemented Carbide, Chengdu Tianheng, SCMMC

Tungsten market associate analyst of Asian Metal, Daly Lu, visited Zigong Huagang Cemented Carbide New Materials Co.,Ltd, Zigong Cemented Carbide Co.,Ltd, Zigong Cemented Carbide Imp & Exp Co., Ltd, Chengdu Tianheng Cemented Carbide Co., Ltd, and SCMMC on Jun 7 and 8, 2013.

In the morning of June 7, Asian Metal visited Zigong Huagang Cemented Carbide New Materials Co., Ltd, talked about the current tungsten powder market with Mr. Haibo Hu, the general manager. The company has possessed more than 120 sets of all kinds of equipments, and established the complete advanced production lines. Mr. Hu expressed that under the current tungsten powder market, as tungsten powder factory should develop the new technology, and increases itself competitiveness in the industry.

In the afternoon of June 7, Asian Metal visited Zigong Cemented Carbide Co.,Ltd, talked with Mr. Sun Xingcheng, the director of purchasing department, and Mr. Huang Jinzhong, the manager of purchasing department. The company is a large scale manufacturer of tungsten products in west china, and also one of the leading manufacturers of cemented carbide and one of the leading manufacturers of cemented carbide and tungsten and molybdenum products in the world. Hunan nonferrous metals Group Corporation, a strategic investor, gave a increasing capital of ZGCC reached to RMB500 millions, and the sum total of assets reached to RMB1,600 millions. Mr. Huang expressed that the tungsten concentrate prices moved up gradually, but the demand did not recover. Furthermore, the current prices for APT and tungsten powder are under the production cost. But the tungsten concentrate prices are likely to increase further as some companies purchase materials in large quantities. Moreover, Asian Metal also talked with Mr. Lv Yusheng, the general manager of Zigong Cemented Carbide Imp & Exp Co., Ltd, and Mr. Men Dazhi, the vice manager. Mr. Men noted that the overseas customers are inactive in purchasing the materials; the tungsten exported market is dull.

In the morning of June 8, Asian Metal visited Chengdu Tianheng Cemented Carbide Co., Ltd, and talked with Mr. Chen Xihe, the manager of purchasing department. Mr. Chen revealed that the current cemented carbide market is sluggish; however, the raw materials prices move up sharply. They are running with difficulties.

In the afternoon of Jun 8, Asian Metal visited SCMMC, talked with Mr. Li Jinchao about the current tungsten export market. SCMMC, as it is subsidiary company of Sichuan Foreign Trade Group Co Ltd. and a second grade enterprise in the national largest-sized enterprise is one of the top ten exporting companies in Sichuan province. Since its establishment in 1980, the company has distinctive feature in import and export trade and enterprise management.