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SMM Fan Xin:
Oct 11,2019 10:57CST
translation
Source:SMM
Jointly organized by SMM and International Trade Futures Co., Ltd., "2019 China Copper Industry chain Summit and Copper Rod Industry Summit" in Ningbo Fuli Sofitel Hotel held, SMM CEO Fan Xin in his speech, SMM and metal industry chain colleagues will work together to make some changes, SMM will also provide more information, tools, etc., to promote the stable and healthy development of the industry.
The content below was translated by Tencent automatically for reference.

Jointly organized by SMM and International Trade Futures Co., Ltd., "2019 China Copper Industry chain Summit and Copper Rod Industry Summit" in Ningbo Fuli Sofitel Hotel held, SMM CEO Fan Xin in his speech, SMM and metal industry chain colleagues will work together to make some changes, SMM will also provide more information, tools, etc., to promote the stable and healthy development of the industry.

The original text is as follows:

In the development of the metal industry in the past few decades, due to the high increment and growth rate, some hidden risks have been ignored, but at the moment when the output of many metal products accounts for half or even more than half of the global proportion, it has been difficult to achieve the previous rapid growth, so the current industry has entered a stage of high-quality development, at the same time, many problems have emerged. In the process of SMM's observation and study of the whole industrial chain, we also encountered a lot of inevitable problems. This year is the 20th anniversary of the founding of SMM. Before that, our research fields were mainly focused on mining, smelting, processing, and so on. In fact, SMM has only done a small part of the information, although SMM prices are widely used in the entire industrial chain. However, there is still a lot of room for how to really help enterprises to do a good job in information, the transmission of enterprise content, the transmission between enterprises and so on. In other words, the ecology of the industrial chain is still very backward in this respect. Under the pressure of the general environment, this is also one of the things that SMM must do well.

SMM will use its own resources and partners to strengthen the maintenance of the industrial chain, in strengthening risk control, improve management efficiency and other aspects will continue to develop Internet tools, strengthen the industrial chain, especially in the middle of the industrial chain, the top is squeezed by the raw material end, and the C end is squeezed below. In view of how to enhance the volume of the industry and how enterprises can better enter the next era of modern enterprise management, SMM will make unremitting thinking and efforts to further enter the depth of the industrial chain, hoping to use our Internet tool, "Palm Nonferrous" APP, to help the industry obtain more important information, including technology, and so on, in the more scattered industries in the middle and lower reaches, rather than just the core price information.

After the rapid development of the Internet in China, in fact, the vast majority of the work still stays on the C end or integrates the power of the C end, but after the C end force is integrated, it is a pressure on the B end. How to turn the pressure into a driving force, we also need to make continuous efforts to make the transmission of information more thorough and rich, and we also need entrepreneurs to work together with us.

In fact, manufacturing is facing difficult times, but based on faith, it is impossible for our manufacturing industry to migrate to the United States, no matter how hard Trump tries. It is difficult to engage in manufacturing, but it is also something to be proud of for China to be a global leader in manufacturing. In the future, I hope that SMM, as the witness of standing applause, will play a role in helping and promoting Chinese manufacturing enterprises. SMM will also hold more such industry chain meetings to better enter the industry chain. We work together!

SMM
Fan Xin
speech
Bronze Rod Conference

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