Chinese gallium metal prices decrease
2024-03-21 08:05:07 [Print]
BEIJING (Asian Metal) 21 Mar 24 - Dragged by soft demand from the downstream, Chinese gallium metal 99.99%min suppliers lower their prices to compete for orders over the past week. Currently, the mainstream prices of Chinese gallium metal 99.99%min slide to RMB2,100-2,150/kg (USD292-299/kg) EXW D/P, a decrease of RMB30/kg (USD4.17/kg) from one week ago. 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 consumer in South China disclosed that their regular suppliers could accept the price as low as at the price as low as RMB2,050/kg (USD285/kg) EXW D/P for gallium metal 99.99%min presently, while they refused to sell at prices less than RMB2,080/kg (USD289/kg) one week ago. They purchased 200kg at RMB2,050/kg (USD285/kg) from recycling plant early this week. "Most downstream clients still watch the market with soft demand, so we preferred to purchase from hand to mouth and forecasted that the mainstream prices of Chinese gallium metal 99.99%min would slide further in the following days", said the consumer.
The consumer, with a consumption capacity of 40tpy of gallium metal 99.99%min, estimated to consume around 4t this month, similar to last month. They hold around 1t of stock now, unchanged from the end of last month.
Another consumer in South China revealed that they could purchase gallium metal 99.99%min at the price as low as RMB2,130/kg (USD296/kg) EXW T/T 30 days at the moment, while they failed to purchase at prices lower than RMB2,160/kg (USD300/kg) one week ago. "We last purchased around 200kg at RMB2,250/kg (USD313/kg) late last month", said the consumer, adding that they preferred to consume the inventory 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 6tpy of gallium metal 99.99%min, holds around 800kg of stock now, down by 100kg from late last month. They expected to consume about 300kg in March, the same as last month.
A consumer in South China disclosed that their regular suppliers could accept the price as low as at the price as low as RMB2,050/kg (USD285/kg) EXW D/P for gallium metal 99.99%min presently, while they refused to sell at prices less than RMB2,080/kg (USD289/kg) one week ago. They purchased 200kg at RMB2,050/kg (USD285/kg) from recycling plant early this week. "Most downstream clients still watch the market with soft demand, so we preferred to purchase from hand to mouth and forecasted that the mainstream prices of Chinese gallium metal 99.99%min would slide further in the following days", said the consumer.
The consumer, with a consumption capacity of 40tpy of gallium metal 99.99%min, estimated to consume around 4t this month, similar to last month. They hold around 1t of stock now, unchanged from the end of last month.
Another consumer in South China revealed that they could purchase gallium metal 99.99%min at the price as low as RMB2,130/kg (USD296/kg) EXW T/T 30 days at the moment, while they failed to purchase at prices lower than RMB2,160/kg (USD300/kg) one week ago. "We last purchased around 200kg at RMB2,250/kg (USD313/kg) late last month", said the consumer, adding that they preferred to consume the inventory 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 6tpy of gallium metal 99.99%min, holds around 800kg of stock now, down by 100kg from late last month. They expected to consume about 300kg in March, the same as last month.
