Asian Metal visits Wenxi Yuanhua and some Wenxi trading companies

On the afternoon of 9 December, 2021, Mr. Hao Zhao, Sales Director, and Ms. Daphne Zhang, Consultant & Senior Product Manager of Asian Metal, visited Wenxi Yuanhua Metallurgical Material Co., Ltd. and traders from Wenxi.

Daphne Zhang and Hao Zhao first visited Wenxi Yuanhua Metallurgical Material Co., Ltd. and held in-depth discussions with Mr. Junkang Ji, the General Manager of the company, regarding the current opportunities and challenges for magnesium alloy. In order to increase market competitiveness, Yuanhua has developed some die casting products. However, entering 2021, the continuous price increase of magnesium ingot resulted in the enlarged price gap between magnesium alloy and aluminum alloy, so that downstream consumers in magnesium die casting industry ad 3C industry turned to aluminum alloy for replacement, which blocked the application and development of magnesium alloy. Mr. Ji believes that the price stability of raw material plays an import role in the downstream application and market development.

As a years-long partner of Asian Metal, Yuanhua has been referring to market information and prices provided by Asian Metal for market investigation. Mr. Junkang Ji 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. The company plans to participate in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Later, Asian Metal team met Mr. Yalin Deng, General Manager of Shanxi Kaixiangwei Metal Materrial Co., Ltd., Mr. Junhui Lu, General Manager of Shanxi Kaili Energy Technolog Co., Ltd., Mr. Chonghua Li, General Manager of Wuxi Huaxin Jinde Material Trading Co., Ltd., Mr. Weijie Wang, General Manager of Wenxi Chengyouyuan Trading Co., Ltd., Mr. Baoshan Wang, General Manager of Wenxi Xinda Magnesium Trading Co., Ltd., Mr. Chong Guo, Wenxi Gufengze Trading Co., Ltd., Mr. Maocai Feng, Shanxi Wenxi Rifeng Trading Co., Ltd., Mr. Wendong Li, General Manager of Shanxi Hongjinyuan Trading Co., Ltd. and other traders from Wenxi. The above companies expressed strong interests in participating in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.