American gallium metal market sees active deals
2023-03-17 09:30:36 [Print]
BEIJING (Asian Metal) 17 Mar 23 - American gallium metal 99.99%min market saw active deals over the past week considering that some consumers preferred to purchase from domestic market in view of difficult shipment from other countries. Currently, the mainstream prices of American gallium metal 99.99%min stand at a range of USD350-360/kg delivered America, unchanged from the end of last week. Market participants believe that the prevailing prices of American gallium metal 99.99%min would stay stable in the coming week due to limited stocks in the spot market.
An American trader disclosed that they last sold around 300kg of gallium metal 99.99%min at usd355/kg delivered America early this week and they only closed one order since early March. The source said, "As the shipment keeps difficult over the past week, most consumers began to buy from American market. Although orders generally stay small, the market started to see active." They have no plan to change the price of gallium metal 99.99%min next week and believe that the mainstream prices of American gallium metal 99.99%min would keep stable in the coming week.
The trader, based on a regular monthly trading volume of 500kg of gallium metal 99.99%min, expects to sell around 500kg this month, while no orders in February. They hold no stock now, a decrease of around 300kg from the end of last month.
Another American trader also confirmed that the market of American gallium metal started to move actively as they last sold around 100kg at USD350/kg delivered America this Thursday, while did not close any deal over the past month. They still insist on USD350/kg delivered America now and prefer to wait for consumers to buy. The source said, "Driven by tight supply in the spot market, we expect that the mainstream prices of American gallium metal 99.99%min would remain unchanged next week."
The trader, with a regular monthly trading volume of 100kg of gallium metal 99.99%min, holds more than 1t of stocks now, down by about 100kg from the end of last month. They expect to sell around 100kg in March, while did not conclude any order last month.
An American trader disclosed that they last sold around 300kg of gallium metal 99.99%min at usd355/kg delivered America early this week and they only closed one order since early March. The source said, "As the shipment keeps difficult over the past week, most consumers began to buy from American market. Although orders generally stay small, the market started to see active." They have no plan to change the price of gallium metal 99.99%min next week and believe that the mainstream prices of American gallium metal 99.99%min would keep stable in the coming week.
The trader, based on a regular monthly trading volume of 500kg of gallium metal 99.99%min, expects to sell around 500kg this month, while no orders in February. They hold no stock now, a decrease of around 300kg from the end of last month.
Another American trader also confirmed that the market of American gallium metal started to move actively as they last sold around 100kg at USD350/kg delivered America this Thursday, while did not close any deal over the past month. They still insist on USD350/kg delivered America now and prefer to wait for consumers to buy. The source said, "Driven by tight supply in the spot market, we expect that the mainstream prices of American gallium metal 99.99%min would remain unchanged next week."
The trader, with a regular monthly trading volume of 100kg of gallium metal 99.99%min, holds more than 1t of stocks now, down by about 100kg from the end of last month. They expect to sell around 100kg in March, while did not conclude any order last month.
