The world economy is recovering and China is going to cut capacity. On the one hand, the profit growth rate of industrial enterprises above designated size in China is as high as 30%-40%. On the other hand, enterprises do not expand production capacity. Until 2019, China's new round of capacity expansion makes the superimposed increase of the inventory cycle, production cycle, and real estate cycle at the same time. In the future, a new round of capacity investment, traditional backward and surplus production capacity must have the connotation of a new era, a new cycle, and a new economy, representing the future of high-quality development. In 2019, we hope that the US stock market will further advance and the Chinese economy will be able to achieve stability.

More than 500 delegates are from mine owners, alloy producers and traders, domestic and foreign famous ferroalloy buyers, steel mills, research institutions, industry experts, mining and smelting equipment service providers, port and logistics enterprises, futures companies, etc. of chrome, nickel, manganese, ferrosilicon, magnesium metal, tungsten, molybdenum, vanadium, silicon metal, rare earth, multi-component, core spun yarn products in over 40 countries.

FerroAlloyNet 6th Annual Summit, according to the commonality and difference of each product, has divided trade negotiation areas and set up multiple speech sessions, and together with industry elites and upstream and downstream customers, focusing on the unpredictable ferroalloy market, to develop the collision of ideas and wisdom, share unique observations and cases in the industry, and jointly explore the core issues of production, trade, technology, concepts, etc.

FerroAlloyNet, with a team of professional product analysts from home and abroad, adheres to the principle of service-oriented, aiming at the needs of different customers, assisting others, conducting one-on-one referrals, discussing markets, communicating with each other, and promoting cooperation intentions. FerroAlloyNet will provide more cooperation opportunities for trade and investment between ferroalloy industries and build a stable platform for cooperation and exchange between supply and demand.

In the evening of Dec. 13th, the welcome banquet of FerroAlloyNet 6th Annual Summit was held successfully, industry elites gathering together. Mr. Chen Xiaofeng, General Manager of FerroAlloyNet, delivered a speech, thanking the ferroalloy colleagues from all over the world and drinking a toast with the guests.