Gallium suppliers optimistic about the market
2005-02-08 09:22:30 【Print】
BEIJING(Asian Metal)8-Feb-05 The market of gallium metal appeared to be quiet since few transactions were reported to conclude recently as the Spring Festival is coming soon. While gallium suppliers are still optimistic about the market after the holiday.
"I think the market would be delightful, "said a trader from Guangdong. She continued, "Recently, we received more orders from European buyers who were once absent from the market for a long time."
"As far as I know, some smelters have contracted all of their output in the following two months," said she. According to the source, the company sold some gallium metal a few days ago at rmb3,200/kg, rmb200/kg higher than one month ago.
Meanwhile, a senior official from a gallium smelter with 20tpy production capacity is also optimistic about the future market. "We have completed orders with a total quantity of 6 tonnes gallium metal since the beginning of this year. What's more, 3.8 tonnes of them have been delivered, "said the source.
"The market would be pleasing due to the strong demand from semiconductor industry and permanent magnet industry. In view of the strong demand, we raised our offer from $300/kg to $320/kg recently, "said the source.
Whereas, some industry insiders thought the market would keep quiet after the holiday. "I think the market would not get much better as we received few inquiries in the past months. Furthermore, owing to no new application field expected, the total world demand would not be strengthened a lot, "said a Hong Kong trader.
According to market participants, the current prevailing price of gallium is rmb3,000-3,200/kg domestically and $280-310/kg Fob for export.
"I think the market would be delightful, "said a trader from Guangdong. She continued, "Recently, we received more orders from European buyers who were once absent from the market for a long time."
"As far as I know, some smelters have contracted all of their output in the following two months," said she. According to the source, the company sold some gallium metal a few days ago at rmb3,200/kg, rmb200/kg higher than one month ago.
Meanwhile, a senior official from a gallium smelter with 20tpy production capacity is also optimistic about the future market. "We have completed orders with a total quantity of 6 tonnes gallium metal since the beginning of this year. What's more, 3.8 tonnes of them have been delivered, "said the source.
"The market would be pleasing due to the strong demand from semiconductor industry and permanent magnet industry. In view of the strong demand, we raised our offer from $300/kg to $320/kg recently, "said the source.
Whereas, some industry insiders thought the market would keep quiet after the holiday. "I think the market would not get much better as we received few inquiries in the past months. Furthermore, owing to no new application field expected, the total world demand would not be strengthened a lot, "said a Hong Kong trader.
According to market participants, the current prevailing price of gallium is rmb3,000-3,200/kg domestically and $280-310/kg Fob for export.
