Gallium Market Report January 2013

Chinese gallium metal market still moved slowly in January.Asian Metal CopyrightChinese gallium metal market still moved slowly in January.Asian Metal Copyright 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.Asian Metal Copyright In addition, North American and European markets saw soft demand and limited buying activities as well, having no much improvement.Asian Metal Copyright Few inquiries could be received in the spot market which led to scarce deals.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright In addition, North American and European markets saw soft demand and limited buying activities as well, having no much improvement.Asian Metal Copyright 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.Asian Metal Copyright Few inquiries could be received in the spot market which led to scarce deals.Asian Metal Copyright In addition, North American and European markets saw soft demand and limited buying activities as well, having no much improvement.Asian Metal Copyright 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.Asian Metal Copyright