The pandemic, from Delta to Omicron, continued to spread worldwide in 2021. Many major cities were locked down multiple times, which affected the local economy; to react, the governments launched fiscal policies to stimulate their economies. Since the third quarter, the world has faced inflation. Many emerging market countries raised their interest rates in the first two quarters, which were further raised in the third quarter. Developed countries such as Norway and South Korea raised their interest rates for the first time. In the fourth quarter, interest rates in emerging markets continued to grow in order to slow down the inflation that was higher than expected.

Through 2021, China was policy-oriented. In the first two quarters, the Chinese government introduced policies including repeatedly ordering to release control measures to stabilize commodity prices. In particular, the China dual control policy on energy consumption had a great market impact. In the fourth quarter, the government continued its high regulation on the market, which was unprecedented. After the National Day holiday, China continued its high-pressure regulation on some commodities. As of October 27, the NDRC issued 28 documents within nine days to control the excessive rise of coal prices, issued strict energy efficiency constraints in key industries of metallurgy and building materials, and promoted energy conservation and carbon reduction plans. All bulk commodities were wiped out, including crude oil, natural gas and precious metals industry. The Chinese government’s intervention has also hit the external industrial metals, which led to commodities oversold into stagflation and market sentiment was depressed.

In 2021, LME aluminum price soared. Boosted by insufficient supply and demand recovery, LME aluminum stood above USD2800/ton, up to around 42% in the whole year–the largest increase since 2009 and continuous rising for two years. On March 15, the aluminum market in Shanghai reached a new peak, hitting RMB18000/ton. On May 10, the aluminum price broke through RMB20000/ton, which was the highest price in 13 years. On October 18, the main contract of aluminum futures set a record high price of RMB24765/ton, followed by a fall of 24% in one month. On December 30, the price of Shanghai Aluminum Future Market rose to RMB20000/ton for a second time.

Huicheng continued to import aluminum alloy ingots steadily, explore overseas markets and domestic aluminum alloy and die-casting aluminum markets, and the import volume was higher than that in 2020. The export business was stable in the first half of the year. From the third quarter, the price of resource-based products hit a record high, including sea freight. Huicheng overcame various objective factors and successfully implemented the orders; In the fourth quarter, the commodity market fell sharply in October, almost halving, and foreign customers slowed down their procurements.

In 2020, COVID-19, which suffered a hundred years of experience, has a cumulative global death toll of over 2 million, which has a major impact on the global manufacturing industry, but it is a big bull market for commodities. Central banks in various countries have launched loose monetary and fiscal policies to stimulate their economies. As China takes the lead in controlling the epidemic, China’s import of bulk commodities will reach a new high in 2020.

In 2020, the price of iron ore has reached a new high in the past seven years; Shanghai aluminum futures price has increased by 14.46% annually; China’s aluminum ingot output has set a record; Primary aluminum smelting enterprises have made huge profits; the import volume has set a record; China’s aluminum consumption accounts for 54% of the world.

Huicheng, under the guidance of policies and the introduction of the new solid waste law in difficult times, is keenly aware of and seizes the opportunity. From October 2019, the team made use of its overseas resource advantages to rapidly investigate the overseas aluminum alloy market, select high-quality suppliers, and start from production equipment, production capacity, quality certification system, transportation and other links. With the help of the industry platform, we have made good use of our rich international trade experience to serve the Chinese market. Since November 2019, we have steadily imported aluminum alloy ingots to domestic small and medium-sized aluminum alloy factories and traders, many of which are well-known brand enterprises with stable quality and recognized service, and have won praise from buyers. At the third central China Nonferrous Metals Summit Forum in 2020 jointly held by ‘Mymetal.net’ and Mysteel Group, Huicheng was rated as ‘Top 10 High Quality Chinese Suppliers of Imported Aluminum Alloy Ingots’.

In the first half of 2019, due to the sharp rise in the price of imported Iron ore, the high fluctuation in the price of Coal, Coke, Scrap and other raw materials, and the increase in environmental protection costs, the production costs of steel enterprises rose sharply and their benefits decreased significantly. on Dec 27, 2019, the national bureau of statistics released statistics showing that profits from ferrous metal smelting and rolling processing fell 42.3 percent year-on-year in the first 11 months.

In 2018 More than 50 percent of Chinese aluminum plants reported losses. the price of the whole year of 2019 moved up slightly compared with that of 2018, and low inventory supported the aluminum price, the overall trend was stronger than that of foreign countries, Rusal and other aluminium smelters are facing pressure to cut prices due to expected week market condition in the coming year-From Aluminium insider.

Mar 15th attended Metal+ Metallurgy China 2019.

Apr 10th attended Yunnan tengchong silicon conference.

May 8 Huicheng Singapore passed the review by the Great Wall quality assurance center of ISO 9001:2015 Quality system certification.

May 27 Huicheng update website and Linkedin.

Huicheng put great effort into our supplier audit project from Emirates global aluminium(EGA)
Sep 11^th Huicheng was successfully enrolled as an approved supplier.

Implement the concept of GREEN SUPPLY CHAIN on the new website, introduce Huicheng was audited by EGA through supplier evaluation, and notify foreign customers in text.

HUICHENG participated in the Supply-Demand Matchmaking Conference of the Second China International Import Expo on Nov. 8th, 2019, and signed cooperation agreement with The Aluminium Federation of South Africa (AFSA).

HUICHENG visited SMM. The two sides had a full exchange and communication on the domestic and international market and trend of non-ferrous metals, especially aluminum alloy ingots, and further understood the product ‘Metal Enterprise Q’ of SMM.

The 2018 Global economic situation underwent big changes, economic markets are in turmoil. Chinese inland policies are being issued continually; stocks, funds and bonds are at the lowest value in the end of year, and steel / non-ferrous metal are also at a low level.

Mar. 8th received sad news about a fire on board the MV Maersk Honam 806W. We immediately sent official notice to PICC Insurance Claim Department, and required PICC authorize the third party inspection company SGS to perform a joint survey at the unloading port; finally inspection result was met with contract specification, not immersed by water, and the buyer effected the payment, the processing is 6 months.

Apr. 24th we attended the 2018 Chinese Silicon Industry Chain Summit, having meeting with industry professionals.

Sep. 18th we attended the Xinjiang Silicon industry summit, 2018 Xinjiang output 1069320mt, total production account for 40% of the country.

Starting on Oct. 18th 2018, this legal entity will undertake the operational role previously handled by Huicheng International Trade Co., Ltd. As a result, all direct and indirect purchases (including services) will be managed by this company. From Oct. 18th 2018, all contracts and purchase orders pending to be fulfilled must be invoiced to Huicheng International Trade Pte. Ltd.
Legal Address: 10 Anson road #29-05A International plaza Singapore (079903)
Registration No: 201831500R

Jan. 18th continued to make online Google advertisement, but stopped payment in Sep. due to ineffective results.

China Great Wall Quality Assurance Center revised Huicheng International Trade Co., Ltd. ISO9001:2015 quality system certification.

The year 2017 was seller’s market, it was effected by China’s reform of the supply front, Industrial enterprises above designated size realized profit amount increased 21% from last year, including State-owned enterprise realized profit amount increased 45.1% from last year. the best improve is raw material industrial, for example Mining industry increased double, Ferrous pressing and smelting increased 1.8times. Industrial enterprise’s leverage ratio has big improvement, going up raw material price:

from Feb Calcined petroleum coke with Mid Sulphur only supplied to inland Aluminium smelting plants due to excessive production capacity.

in the end of Jun Graphite electrode increased for big range, it impact the price of Petroleum coke going up.

from in the end of Jun to end of Jul the raw material of Silicon metal went up RMB2000/mt, every week it went up new price, till Aug almost all raw material refer to Steel/Aluminium industrial again went up by a large margin.

In Dec Petroleum coke again went up, Graphite electrode,FeSi, FeMo, Electrolytic manganese metal flake,Nickel etc.

May 26th we attend 5h World Silicon Forum, there are not many attendees,it invited Xinjiang,Fujian,Yunan representative to make a speech.

China great wall quality assurance center reviewed Huicheng international trade Co., Ltd ISO9001 quality system certification.

Huicheng revised newly website and increased Mobile version, on Oct 31st was officially online and Notice all customers.
Nov 7th was officially online Google advertisement, promotion Global market for America/Mexico/German/Mid east /Asia.
China great wall quality assurance center revised Huicheng international trade Co., Ltd ISO9001 quality system certification
From Jan 1st 2017 Chinese government will cancel export duty for Graphite flake, and reduce export duty for partly Ferro – alloy, for example FeSI/FeCr/SiFeCr/FeTi/FeV/FeNb.