Chinese gallium metal market inactive
2024-04-18 08:20:59 [Print]
BEIJING (Asian Metal) 18 Apr 24 - Chinese gallium metal 99.99%min market runs slowly over the past week. Despite that the downstream hold back from purchasing, most suppliers have no intention to lower prices. Currently, the mainstream prices of Chinese gallium metal 99.99%min stand at RMB2,350-2,400/kg (USD324.54-331.44/kg) EXW D/P, in line with late last week. Insiders predict that the prevailing prices of Chinese gallium metal 99.99%min would show a stable trend in the upcoming week due to watchful attitudes from the downstream and firm prices from suppliers.
A producer in North China discloses that they fail to receive any inquiry for gallium metal over the past three days, while they got 4-5 inquiries last week. They last sold around 200kg at RMB2,400/kg (USD331.44/kg) EXW D/P early last week. "Despite that our clients hold back from purchasing, we have no intention to lower prices and believe that the mainstream prices of Chinese gallium metal 99.99%min would remain stable in the upcoming week", said the producer. They consider selling at the price as low as RMB2,400/kg (USD331.44/kg) presently, in line with early last week.
The producer, with a production capacity of 80tpy of gallium metal 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 trader in Zhejiang mentions that their regular clients, who usually purchased at least 100kg of gallium metal, just purchased around 50kg this week. "We last 50kg at RMB2,500/kg EXW D/A 180 days (USD345.25/kg) EXW D/P today to a regular client, they usually purchased at least 100kg but refused to buy more this time", said the trader. They accept the price as low as RMB2,450/kg (USD338.35/kg) presently, in line with one week ago. Despite that the downstream held cautious attitudes, most producers intend to continue holding prices firm. Therefore, they predict that the mainstream prices of Chinese gallium metal 99.99%min would hover at the current level in the forthcoming week.
The trader, based on a regular monthly trading volume of 1t of gallium metal 99.99%min, holds around 500kg of stock now, the same as the end of last month. They expect to sell almost 1t this month, down by 500kg from last month. They sold around 8.5t in 2023 and about 4.5t so far in 2024.
A producer in North China discloses that they fail to receive any inquiry for gallium metal over the past three days, while they got 4-5 inquiries last week. They last sold around 200kg at RMB2,400/kg (USD331.44/kg) EXW D/P early last week. "Despite that our clients hold back from purchasing, we have no intention to lower prices and believe that the mainstream prices of Chinese gallium metal 99.99%min would remain stable in the upcoming week", said the producer. They consider selling at the price as low as RMB2,400/kg (USD331.44/kg) presently, in line with early last week.
The producer, with a production capacity of 80tpy of gallium metal 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 trader in Zhejiang mentions that their regular clients, who usually purchased at least 100kg of gallium metal, just purchased around 50kg this week. "We last 50kg at RMB2,500/kg EXW D/A 180 days (USD345.25/kg) EXW D/P today to a regular client, they usually purchased at least 100kg but refused to buy more this time", said the trader. They accept the price as low as RMB2,450/kg (USD338.35/kg) presently, in line with one week ago. Despite that the downstream held cautious attitudes, most producers intend to continue holding prices firm. Therefore, they predict that the mainstream prices of Chinese gallium metal 99.99%min would hover at the current level in the forthcoming week.
The trader, based on a regular monthly trading volume of 1t of gallium metal 99.99%min, holds around 500kg of stock now, the same as the end of last month. They expect to sell almost 1t this month, down by 500kg from last month. They sold around 8.5t in 2023 and about 4.5t so far in 2024.
