Chinese gallium metal prices move up
2024-04-11 08:00:51 [Print]
BEIJING (Asian Metal) 11 Apr 24 - Most Chinese gallium metal 99
A producer in North China discloses that they lifted their quotation for gallium metal 99.99%min to RMB2,400/kg (USD331/kg) EXW D/P today and could accept the price as low as RMB2,350/kg (USD325/kg) EXW D/P, while they considered selling at RMB2,300/kg (USD318/kg) late last week. They last sold around 300kg at RMB2,350/kg (USD325/kg) yesterday and about 500kg at RMB2,320/kg (USD320/kg) early last week. "We received 7-8 inquiries over the past few days and most clients intended to purchase at prices lower than RMB2,350/kg (USD325/kg) EXW D/P", said the producer . Given the soft demand from the end consumers, they forecast that the mainstream prices of Chinese gallium metal 99 . 99%min would show a stable trend in the upcoming days.
The producer, with a production capacity of 80tpy of gallium trioxide 99.99%min, plans to produce about 6t this month, similar to March . They hold no stock now, in line with late last month.
A consumer in South China notes that their regular suppliers refuse to accept any price lower than RMB2,320/kg (USD320/kg) EXW D/P for gallium metal 99.99%min presently, while they considered selling at the price as low as RMB2,280/kg (USD315/kg) early this week. They last purchased about 300kg at RMB2,280/kg (USD315/kg) early this week . "Most downstream clients still watch the market with soft demand, so we prefer to purchase from hand to mouth and forecast that the mainstream prices of Chinese gallium metal 99 . 99%min would remain stable in the following days", said the consumer.
The consumer, with a consumption capacity of 80tpy of gallium metal 99.99%min, estimated to consume around 3 . 5t this month, similar to last month . They hold around 1t of stock now, increased by 1t from the end of last month . They consumed around 50 . 4t in 2023 and about 10 . 5t so far in 2024.
. 99%min producers lift the prices to test the market and the downstream purchases from hand to mouth over the past week . Currently, the mainstream prices of Chinese gallium metal 99.99%min increase by RMB50/kg (USD6.92/kg) from early this week to RMB2,270-2,320/kg (USD314-321/kg) EXW D/P . Despite that most producers intend to mark up the prices further, most buyers hold watchful attitudes and stood on sidelines towards higher prices . Therefore, market participants forecasted that the mainstream prices of Chinese gallium metal 99 . 99%min would hover at the current level in the upcoming days.
A producer in North China discloses that they lifted their quotation for gallium metal 99.99%min to RMB2,400/kg (USD331/kg) EXW D/P today and could accept the price as low as RMB2,350/kg (USD325/kg) EXW D/P, while they considered selling at RMB2,300/kg (USD318/kg) late last week. They last sold around 300kg at RMB2,350/kg (USD325/kg) yesterday and about 500kg at RMB2,320/kg (USD320/kg) early last week. "We received 7-8 inquiries over the past few days and most clients intended to purchase at prices lower than RMB2,350/kg (USD325/kg) EXW D/P", said the producer . Given the soft demand from the end consumers, they forecast that the mainstream prices of Chinese gallium metal 99 . 99%min would show a stable trend in the upcoming days.
The producer, with a production capacity of 80tpy of gallium trioxide 99.99%min, plans to produce about 6t this month, similar to March . They hold no stock now, in line with late last month.
A consumer in South China notes that their regular suppliers refuse to accept any price lower than RMB2,320/kg (USD320/kg) EXW D/P for gallium metal 99.99%min presently, while they considered selling at the price as low as RMB2,280/kg (USD315/kg) early this week. They last purchased about 300kg at RMB2,280/kg (USD315/kg) early this week . "Most downstream clients still watch the market with soft demand, so we prefer to purchase from hand to mouth and forecast that the mainstream prices of Chinese gallium metal 99 . 99%min would remain stable in the following days", said the consumer.
The consumer, with a consumption capacity of 80tpy of gallium metal 99.99%min, estimated to consume around 3 . 5t this month, similar to last month . They hold around 1t of stock now, increased by 1t from the end of last month . They consumed around 50 . 4t in 2023 and about 10 . 5t so far in 2024.