Gallium Market Report January 2013
2013-02-06 09:03:43 【Print】
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Chinese gallium metal market still moved slowly in January
. Consumers continued to consume their stocks and had no plans to pile materials due to weak demand, although some suppliers noted that it was a good opportunity to replenish stocks . Few inquiries could be received in the spot market which led to scarce deals . Prices of gallium metal 99.99%min stayed at RMB1,700-1,900/kg (USD273-305/kg) in this month, keeping the same as those of last month . Since demand from downstream industry remained weak in January and shows no signs of recovering currently, market participants think that the market will have no potential to vary in the near term, especially in the coming two weeks as they will leave the market to have Spring Festival holidays . In addition, North American and European markets saw soft demand and limited buying activities as well, having no much improvement .