Asian Metal visits Shanxi Pincheng Yuanshi, Chengzhou Trading and Jiuling Jiamei

On 10th December of 2021, Mr. Hao Zhao, Sales Director, and Ms. Daphne Zhang, Consultant & Senior Product Manager of Asian Metal, visited Shanxi Pincheng Yuanshi Technology Co., Ltd., Shanxi Chengzhou Trading Co., Ltd. and Shanxi Jiuling Jiamei Metal Co., Ltd., and were warmly greeted by above companies.

Daphne Zhang and Hao Zhao first visited Shanxi Pincheng Yuanshi Technology Co., Ltd. and held in-depth discussion with Mr. Wenjie Wang, the General Manager of the company, regarding the current opportunities and challenges for magnesium alloy. Pincheng Yuanshi, with an annual production capacity of 12,000t presently, intends to increase the capacity to 33,000t from March of 2022. As a partner of Asian Metal for years, Pincheng Yuanshi has been referring to market information and prices provided by Asian Metal. Mr. Wenjie Wang spoke highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal, planning to participate in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Then, Asian Metal group visited Shanxi Chengzhou Trading Co., Ltd. and discussed with Mr. Chuanlei Li, the General Manager of the company, regarding the current and future export market trend for magnesium ingot. Chengzhou's regular monthly export volume for magnesium ingot could reach about 1,500t. Entering 2021, mainstream Chinese magnesium ingot export prices fluactuated greatly and frequently under the pressure of overheated economy, rising coal and ferrosilicon prices, strict environmental protection policy and the Dual Control System of Total Energy Consumption and Energy Intensity policy. Chengzhou Trading has won clients’ trust by delivery of signed orders during this period. As a long-term partner of Asian Metal, Chengzhou Trading has been referring to market information and prices provided by Asian Metal. Mr. Chuanlei Li thought highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal, planning to participate in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Finally, Asian Metal visited Shanxi Jiuling Jiamei Metal Co., Ltd. and had a deep communication with Mr. Fengwei Chen, the General Manager of the company, regarding the supply and demand for magnesium ingot in 2021 and the anticipation for the market trend in Q1 of 2022. With a regular monthly trading volume of 2,000t, Jiuling Metal mainly coopeates with clients from downstream titanium sponge, magnesium powder, aluminum alloy and magnesium alloy industries. Mr. Fengwei Chen expressed positive comments on previous magnesium summits held by Asian Metal and plans to participate in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.