Chinese gallium metal prices move down
2024-03-15 08:20:41 [Print]
BEIJING (Asian Metal) 15 Mar 23 - Dragged by watchful attitudes held by the downstream, most Chinese gallium metal 99.99%min suppliers lower their prices to promote sales over the past week. Currently, the mainstream prices of Chinese gallium metal 99.99%min slide to RMB2,130-2,180/kg (USD296-303/kg) EXW D/P, a decrease of RMB20/kg (USD2.78/kg) from early this week. Insiders forecasted that the prevailing prices of Chinese gallium metal 99.99%min still had room to move down in the following week considering that the buyers stayed in no hurry to place orders.
A producer in South China disclosed that they considered selling gallium metal 99.99%min at the price as low as RMB2,130/kg (USD296/kg) EXW D/P presently, while they refused to sell at prices less than RMB2,150/kg (USD299/kg) early this week. They last sell around 500kg at RMB2,130/kg (USD296/kg) yesterday. "Most clients send inquiries with target prices lower than RMB2,130/kg (USD296/kg) and stayed in no hurry to purchase", said the producer, who forecasted that the mainstream prices of Chinese gallium metal 99.99%min would slide further in the following week.
The producer, with a production capacity of 40tpy of gallium metal 99.99%min, estimated to produce around 2t this month, similar to last month. They hold around 1t of stock now, unchanged from the end of last month.
A consumer in South China revealed that they could purchase gallium metal 99.99%min at the price as low as RMB2,160/kg (USD300/kg) T/T 30 days at the moment, while they failed to purchase at prices lower than RMB2,180/kg (USD303/kg) early this week. "We last purchased around 200kg at RMB2,230/kg (USD310/kg) late last month", said the consumer, adding that they preferred to consume the inventory as well as other magnet plants due to limited orders at present. Therefore, they supposed that the Chinese gallium metal 99.99%min market would foresee decreasing price trend in the forthcoming week.
The consumer, based on a consumption capacity of 24tpy of gallium metal 99.99%min, holds around 800kg of stock now, down by 100kg from late last month. They expected to consume about 200kg in March, the same as last month.
A producer in South China disclosed that they considered selling gallium metal 99.99%min at the price as low as RMB2,130/kg (USD296/kg) EXW D/P presently, while they refused to sell at prices less than RMB2,150/kg (USD299/kg) early this week. They last sell around 500kg at RMB2,130/kg (USD296/kg) yesterday. "Most clients send inquiries with target prices lower than RMB2,130/kg (USD296/kg) and stayed in no hurry to purchase", said the producer, who forecasted that the mainstream prices of Chinese gallium metal 99.99%min would slide further in the following week.
The producer, with a production capacity of 40tpy of gallium metal 99.99%min, estimated to produce around 2t this month, similar to last month. They hold around 1t of stock now, unchanged from the end of last month.
A consumer in South China revealed that they could purchase gallium metal 99.99%min at the price as low as RMB2,160/kg (USD300/kg) T/T 30 days at the moment, while they failed to purchase at prices lower than RMB2,180/kg (USD303/kg) early this week. "We last purchased around 200kg at RMB2,230/kg (USD310/kg) late last month", said the consumer, adding that they preferred to consume the inventory as well as other magnet plants due to limited orders at present. Therefore, they supposed that the Chinese gallium metal 99.99%min market would foresee decreasing price trend in the forthcoming week.
The consumer, based on a consumption capacity of 24tpy of gallium metal 99.99%min, holds around 800kg of stock now, down by 100kg from late last month. They expected to consume about 200kg in March, the same as last month.
