Gallium market report December 2016
2017-01-24 18:01:32 【Print】
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Spot transactions in the Chinese gallium metal 99
. 99%min market tended to be limited during December, and end consumers made few enquiries aside from purchases based on solid demand . Many companies resumed production during the month, with East Hope, Chalco Zunyi plant and Zhuhai Fangyuan Lushan plant operational in early December . With the gradual resumption of the domestic gallium metal plants, speculators intended to release stocks, quotations from producers were relatively firm and market participants were all set to purchase when prices moved up . Mainstream prices for gallium metal declined in late December, forced down by low quotations from speculators, who were in a hurry to clear out stocks; however, quotations from major producers were relatively firm with no sharp reductions . The gallium metal market entered the traditional slack season approaching the year-end, with limited transactions.