Sumitomo Corporation (Shanghai) visits Asian Metal

On the morning of January 23rd, 2018, Gu Jin, (the section chief) and He Miao from non-ferrous metal raw material department of Sumitomo Corporation (Shanghai) Limited, visited Asian Metal and communicated with Maggie Lee and Jiang Bo, molybdenum, niobium and vanadium market analysts of Asian Metal, about ferroniobium, ferromolybdenum and ferrovanadium markets in both home and abroad.
At first, both sides exchanged their views about the reasons for sharply increased prices in the domestic and overseas molybdenum markets and the market outlook, predicting that prices for molybdenum would still have room to increase in a short term supported by the tight supply of raw materials. Then, they had a talk about the niobium market and anticipated that prices for the material would be firm in the near future due to relatively stable output of suppliers. As for vanadium business, Sumitomo Corporation mainly deals with the export of vanadium pentoxide. The company had a deep discussion with Asian Metal about the reasons for increased prices and market outlook of Chinese vanadium pentoxide and ferrovanadium.