Asian Metal visitsZhengzhou Hongji Abrasive and Xiangyu New Material

Asian Metal visited Zhengzhou Hongji Abrasive Tech Co., Ltd. at 10:30a. m. of the same day. Niu Wei, the General Manager of the company, warmly welcomed them and took the lead to visit their plant, introducing product advantages and quality testing process in detail. Mr. Niu noted that brown fused alumina prices still might rise and the main reasons were as follows: on the one hand, the spot market saw severely tight supply as a result of high suspension rate in the heating season in Henan; on the other hand, the shortage of raw material calcined bauxite was accompanied by a sharp rise of prices. Mr. Niu pointed out that the current national protection policy for limited resources would force the transformation of Chinese large industrial raw materials from low-priced malicious competition to orderly competition with rising prices.

Asian Metal visited Zhengzhou Xiangyu New Material Co., Ltd. at 2:30p.m. and was warmly received by Wang Haijun, the Genaral Manager, and Fu Juntao, the Sales Manager. Mr. Wang noted that with soaring prices for alumina at present, white fused alumina prices increased, leading to less market demand and fewer deals. In particular, the export market of Chinese white fused alumina lost the price advantage and export orders decreased obviously. Additionally, affected by environmental inspections, white fused alumina plants were unable to keep the stable output, resulting in lower stocks and tight supply.