Asian Metal visits Huludao Hengyue Ferroalloy and Liaoning Xintai Molybdenum

On November 18th, 2020, Asian Metal's Marketing Director Hao Zhao and molybdenum analyst Jeven Shi visited Huludao Hengyue Molybdenum Co., Ltd. and Liaoning Xintai Molybdenum Industry Co., Ltd., and were warmly received by the two enterprises.

On the morning of November 18th, Hao Zhao and Jeven Shi visited Huludao Hengyue Ferroalloy Co., Ltd., and communicated with Mr. Songbo Wang, the General Manager of the company, on how to upgrade the production lines in the current ferromolybdenum industry to make them be more environmental friendly. Mr. Wang notes that attaching great importance to environmental protection is the responsibility of an enterprise, and is also the premise to stabilize production to meet downstream demand. As for the demand of ferromolybdenum in the Chinese market in 2020, both sides believe that the stable demand of steel mills provides strong support for the sound operation of Chinese molybdenum market.

Mr. Wang highly appreciated the fair, objective and timely market information of Asia Metal and hopes to keep close contact with the company.

On November 18th afternoon, Hao Zhao and Jeven Shi visited Liaoning Xintai Molybdenum Industry Co., Ltd., and conducted a comparative analysis of the import of molybdenum raw materials in 2019 and 2020 with Mr. Yan Liu and Mr. Lei Zhang, the General Manager and Purchasing Minister of the company respectively. Hao Zhao and Jeven Shi pointed out this year eyed a surge in imported molybdenum raw materials in the Chinese market as a result of the continued soft overseas demand amid the pandemic, leading to decreasing prices for Chinese molybdenum raw materials. Mr. Liu believes that controlling enterprise cost and strengthening enterprise management are important measures for enterprises to cope with market crisis.

Mr. Liu and Mr. Zhang expressed their high recognition that Asian metal, based on the global market, reported market information in an objective and timely manner, and they will continue to maintain close cooperation with the company.