Asian Metal visits Joyson Safety System

On November 18, 2019, Asian Metal Senior Magnesium Analyst and Senior Product Manager Ms. Daphne Zhang was invited to visit Joyson Safety System (Shanghai). During the visit, she held in-depth communications with the company's procurement team, including Salvatore Mariano for Europe market, Nobu Kashiwa for U.S. market, and Gao Wenbin and Shen Jiadong for Chinese market. Both sides exchanged information and views on topics including magnesium alloy suppliers in China, factors affecting magnesium alloy prices including costs and external factors, as well as status quo and price trend in H1 2020 of the Chinese magnesium alloy market. At present, Joyson Safety System is preparing the H1 2020 magnesium alloy procurement plan and will make purchases directly from major magnesium alloy producers in China. It will split the total purchase volume, about 4,600t, among a number of major producers via a pricing competition process.

As a member of Asian Metal, Joyson Safety System has been using prices and other market information provided by Asian Metal for a long time, and has referred to Asian Metal prices in its magnesium alloy purchasing activities. The Joyson team thought highly of objective, timely and professional information provided by Asian Metal and showed great interest in participating in the 9th World Summit to be held by Asian Metal in Hangzhou on April 16-17, 2020, hoping to strengthen relations with magnesium alloy market players and learn more relevant information at the meeting.

Joyson Safety System focuses on manufacturing and selling of automotive air bag, safety belt, steering circle, children's seatbelt and related parts; it also provides technical consultation and technical service, and is engaged in technical transfer and development, as well as in import and export businesses in related to goods and techniques.