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.