Chinese gallium metal market sees increasing prices
2024-04-03 08:25:11 [Print]
BEIJING (Asian Metal) 3 Apr 24 - Chinese gallium metal 99.99%min market sees limited deals as most suppliers hold back from selling due to limited stocks at present. Meanwhile, some suppliers lift their prices to test the market and some consumers from magnet industry purchase from hand to mouth. Therefore, the current mainstream prices of Chinese gallium metal 99.99%min increased to RMB2,200-2,250/kg (USD304-311/kg) EXW D/P, up by RMB50/kg (USD7/kg) from late last week. Given that most suppliers prefer to hold inventory while most consumers purchase from had to mouth, insiders believe that the mainstream prices of Chinese gallium metal 99.99%min would stay firm in the upcoming days.
A producer in North China discloses that they consider selling gallium metal 99.99%min at prices no lower than RMB2,300/kg (USD318/kg) EXW D/P today, while they could accept the price as low as RMB2,250/kg (USD311/kg) early last week. "We just sold around 200kg at RMB2,280/kg (USD315/kg) yesterday", said the producer. As they hold limited stocks at present, they intend to held back from selling in the upcoming days and predicted that the mainstream prices of Chinese gallium metal 99.99%min would show an upward trend in the following days due to steady prices and limited stocks from producers.
The producer, with a production capacity of 40tpy of gallium metal 99.99%min, estimates to produce around 2.6t this month, similar to last month. They hold no stock now, unchanged from the end of last month.
A consumer in Beijing noted that most gallium metal 99.99%min suppliers hold back from selling and lift their prices to RMB2,350/kg (USD325/kg) EXW T/T 30 days presently, while most of them could accept the price as low as RMB2,250/kg (USD311/kg) one week ago. They last purchased around 600kg at RMB2,250/kg (USD266/kg) early last week. "As we get enough stocks for this month, we stay in no hurry to place orders at current prices and prefer to wait and see the market till next month", said the consumer, who believed that the mainstream prices of Chinese gallium metal 99.99%min would remain steady in the upcoming days.
The consumer, based on a consumption capacity of 12tpy of gallium metal 99.99%min, expects to consume about 600kg in April, in line with last month. They hold around 600kg of stock presently, in line with the end of last month.
A producer in North China discloses that they consider selling gallium metal 99.99%min at prices no lower than RMB2,300/kg (USD318/kg) EXW D/P today, while they could accept the price as low as RMB2,250/kg (USD311/kg) early last week. "We just sold around 200kg at RMB2,280/kg (USD315/kg) yesterday", said the producer. As they hold limited stocks at present, they intend to held back from selling in the upcoming days and predicted that the mainstream prices of Chinese gallium metal 99.99%min would show an upward trend in the following days due to steady prices and limited stocks from producers.
The producer, with a production capacity of 40tpy of gallium metal 99.99%min, estimates to produce around 2.6t this month, similar to last month. They hold no stock now, unchanged from the end of last month.
A consumer in Beijing noted that most gallium metal 99.99%min suppliers hold back from selling and lift their prices to RMB2,350/kg (USD325/kg) EXW T/T 30 days presently, while most of them could accept the price as low as RMB2,250/kg (USD311/kg) one week ago. They last purchased around 600kg at RMB2,250/kg (USD266/kg) early last week. "As we get enough stocks for this month, we stay in no hurry to place orders at current prices and prefer to wait and see the market till next month", said the consumer, who believed that the mainstream prices of Chinese gallium metal 99.99%min would remain steady in the upcoming days.
The consumer, based on a consumption capacity of 12tpy of gallium metal 99.99%min, expects to consume about 600kg in April, in line with last month. They hold around 600kg of stock presently, in line with the end of last month.
