Gallium Market Report May 2013
2013-06-20 08:59:12 【Print】
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The Chinese gallium metal market kept stable as a whole in May
. Buyers were inactive to make purchases due to weak demand . Prices of gallium metal 99.99%min hovered at RMB1,650-1,750/kg (USD269-286/kg). However, some large deals could be concluded at below RMB1,650/kg (USD269/kg) . Consumers preferred to make purchases by hand-to-mouth and have no intentions to pile materials . Although some producers revealed that the current price level had reached to the bottom, few expect the market would turn better in the near future as demand is difficult to recover . It is predicted that the market will continue to be flat in the coming days . In addition, overseas markets moved slowly and stably . Demand from downstream industry was weak and buying activities had no improvements . Market participants lacked confidence on the market and thought it would need a long period of time to go up .