Asian Metal visits Shanghai Teng Yin Industry, Yuhong Industry, Pengyin Industry and trading, Jingsheng Metal, Xiangguang Metals, Ningbo Zhichen and Rising Industry

On 3-4 July, Sue Bi, analyst of silver from Asian Metal visited Shanghai Teng Yin Industry Co., Ltd, Shanghai Yuhong Industry Co., Ltd, Zhongdu Silver Shanghai Pengyin Industry and Trading Co., Ltd, Shanghai Jingsheng Metal Material Co., Ltd, Shanghai Xiangguang Metals Trading Co., Ltd, Shanghai Hedge International Trading Co.,Ltd Ningbo Zhichen Trading Co., Ltd and Shanghai Rising Industry Co., Ltd.

On the morning of July 3, Sue went to the Shanghai Teng Yin Industry Co., Ltd and talked with their CEO Mao Junfeng. Mr. Mao exchanged the opinions with Sue about silver consumers in China. Mr. Mao felt that demand for silver is weak at present and the dull situation may last in the near future.

Then, Sue visited Shanghai Yuhong Industry Co., Ltd and met with the general manager Cao Yunda. Mr. Cao introduced the current situation of silver consumers in China. He noted that silver jewelry and souvenir makers move hardly while demand for silver from silver powder producers keeps strong.

In the afternoon, Sue had an interview with Xu Lu, the general manager of Zhongdu Silver Shanghai Pengyin Industry and Trading Co., Ltd. Mr. Xu noted that trading between traders slowed down as the price is transparent. This year, some traders sigh long-term contracts with traders and other traders can hardly obtain silver from smelters. They just maintain regular customers at present.

Then, Sue visited Shanghai Jingsheng Metal Material Co., Ltd and met with Ma Li, the manager of precious metal department and Huangjing, the operating manager. Mr. Huang introduced about their company to Sue. He reviewed that their silver ingot supply is abundant at present and they mainly supply the metal to traders. They will develop more end-users and hope to keep contact with Asian Metal.

On the morning of July 4, Sue visited Shanghai Xiangguang Metals Trading Co., Ltd and Shanghai Hedge International Trading Co., Ltd Ningbo Zhichen Trading Co., Ltd. In Xiangguang, manager Ma Lin exchanged opinions with Sue on silver ingot market. In Zhichen, Zhou Xiangjian, the manager of precious metal department introduced the development of their company. Sue made an interview with Mr. Zhou. He noted that influenced by dull lead industry, silver production declined in the first half of 2014. What’s more, silver ingot export market is active this year. Therefore, silver ingot supply becomes tight this year. The company has long-term contracts with smelters and their silver ingot supply was abundant. Both of the two company showed that they will support Lead, Zinc & Silver Industry Investment & Trade Summit in Zhengzhou, Henan in 21-23rd Aug 2014.

In the afternoon, Sue met with Vivi Yang and Kingsley Zhu, in precious metal market of Shanghai Rising Industry Co., Ltd. Ms. Yang noted that silver demand from some down-stream factories dropped apparently and trading is not active this year. Mr. Zhu hoped to keep contact with Asian Metal as their company is a member of Asian Metal.