Gallium Metal Market Report October 2015
2015-11-18 10:00:44 【Print】
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In October, mainstream prices for Chinese gallium metal 99.99%min showed a flat trend with a decline of 0.48%. Spot enquiries were quite sporadic. Transactions concluded in the spot market were mostly small with a trading volume of 100-300kg, while larger transactions exceeding 2t could rarely be seen. Producers continued to reduce or suspend production in October, so the scale of the decline in domestic output in Q4 is expected to be larger than in Q3. As profit margins were severely squeezed with the counter-offers from purchasers resulting in a stalemate, traders stopped replenishing their stocks and mainly focused on liquidating positions, maintaining a watch-and-see attitude in October. As for exports, transportation at Tianjin port was still subject to restrictions, so suppliers found themselves holding considerable export cargoes. The North American and European markets were generally lackluster with no signs of improvement.












