Asian Metal visits Honghezhou Yuecheng Economic and Trade and Gejiu Jiyuan Metallurgy

On December 2 of 2017, Asian Metal president assistant Zhao Hao and tin market analyst Yao Guangzhi, visited Honghezhou Yuecheng Economic and Trade Co., Ltd. and Gejiu Jiyuan Metallurgy Co., Ltd. The Asian Metal team warmly welcomed by the above enterprises and exchanged views on current supply conditions in the Chinese tin ore market and tin price trend in the next year.

On the afternoon of December 2, Zhao Hao and Yao Guangzhi visited Honghezhou Yuecheng Economic and Trade Co., Ltd. and were warmly received by Pen Wenjun, the general manager of the company. Mr. Peng said that they are mainly engaged in the local tin ore business of Yunnan, while their business shrank a lot due to environmental and safety inspections. He also gave an introduction to the condition of stannaries in Yunnan and Burma-origin tin concentrate and the two parties made a friendly discussion.

Subsequently, Zhao Hao and Yao Guangzhi visited Gejiu Jiyuan Metallurgy Co., Ltd. and received warm reception from Zhang Qinggang, the general manager of the company. Zhaohao and Yao Guangzhi visited the dressing plant of the company ushered by Mr. Zhang，who also offered introduction to the characteristics of tin ore in different regions and dressing techniques of the company. Then, Yao Guangzhi and Mr. Zhang conducted in-depth communications and exchanged opinions on the tin ore supply condition of major tin ore production regions in Burma and China. Mr. Zhang disclosed that the supply for high grade tin ore in the Chinese market is tight at present and it may have no improvement in 2018, but the downstream demand is sluggish and the refined tin stocks hold at a high level, and thus tin prices may drop with fluctuating trend in 2018. In addition, Yao Guangzhi exchanged views with Mr. Zhang on the recent and coming year's downstream tin consumption market.