Chinese gallium metal prices firm
2024-03-28 08:29:24 [Print]
BEIJING (Asian Metal) 28 Mar 24 - Chinese gallium metal 99.99%min market saw limited deals over the past week. However, most suppliers kept their prices firm with high quotations. Currently, the mainstream prices of Chinese gallium metal 99.99%min stand at RMB2,100-2,150/kg (USD300-307/kg) EXW D/P, in line with late last week. Insiders predicted that the prevailing prices of Chinese gallium metal 99.99%min would remain steady in the upcoming days most suppliers had no intention to lower prices.
A trader in North China disclosed that they insisted on RMB2,140/kg (USD296/kg) EXW D/P for gallium metal 99.99%min at present, without much change from late last week. "We last sold 200kg at RMB2,140/kg (USD296/kg) early this week", said the trader. As most producers had no intention to lower prices, they believed that the mainstream prices of Chinese gallium metal 99.99%min would remain steady in the forthcoming week.
The trader, based on a regular monthly trading volume of 1t of gallium metal, estimated to sell around 1t in March, similar to last month. They hold around 200kg of stock now, the same as the end of last month.
A South China-based consumer mentioned that their regular suppliers offers RMB2,210/kg (USD306/kg) D/A 180 days for gallium metal 99.99%min now and refuses to sell below this price, in line with late last week. They last purchased around 100kg at RMB2,210/kg (USD306/kg) D/A 180 days late last week. The source said, "Given that most producers insist on their offers at present, we forecast that the prices would remain firm in the upcoming days".
The consumer, having a consumption capacity of 6tpy of gallium metal 99.99%min, expected to consume around 300kg this month, unchanged from last month. They hold about 200kg of inventory now, down by 100kg from the end of last month. They consumed around 3.9t in 2023 and about 1t so far in 2024.
A trader in North China disclosed that they insisted on RMB2,140/kg (USD296/kg) EXW D/P for gallium metal 99.99%min at present, without much change from late last week. "We last sold 200kg at RMB2,140/kg (USD296/kg) early this week", said the trader. As most producers had no intention to lower prices, they believed that the mainstream prices of Chinese gallium metal 99.99%min would remain steady in the forthcoming week.
The trader, based on a regular monthly trading volume of 1t of gallium metal, estimated to sell around 1t in March, similar to last month. They hold around 200kg of stock now, the same as the end of last month.
A South China-based consumer mentioned that their regular suppliers offers RMB2,210/kg (USD306/kg) D/A 180 days for gallium metal 99.99%min now and refuses to sell below this price, in line with late last week. They last purchased around 100kg at RMB2,210/kg (USD306/kg) D/A 180 days late last week. The source said, "Given that most producers insist on their offers at present, we forecast that the prices would remain firm in the upcoming days".
The consumer, having a consumption capacity of 6tpy of gallium metal 99.99%min, expected to consume around 300kg this month, unchanged from last month. They hold about 200kg of inventory now, down by 100kg from the end of last month. They consumed around 3.9t in 2023 and about 1t so far in 2024.
