Gallium rebound needs time

BEIJING(Asian Metal) 24-Feb-2005 Different from the Chinese suppliers, Japanese gallium producers remarked that the current market is not so good as most Chinese have expected. They believed that time is needed for the recovery of the market.

"The market is moving very slowly at the moment in Japan, although the offered price went up slightly by about $20/kg recently. And due to the different quantity of impurity, the price of gallium metal 4N ranges between $300/kg and $340/kg.Asian Metal Copyright"The market is moving very slowly at the moment in Japan, although the offered price went up slightly by about $20kg recently.Asian Metal Copyright The raise of the offer is not caused by the real demand but from the manipulation of suppliers who plan to sell their material at higher prices, "said a Japanese gallium producer.Asian Metal Copyright They believed that time is needed for the recovery of the market.Asian Metal Copyright

The source commented, "Compared with Chinese suppliers, we are more closer with Japanese consumers. We can negotiate with the buyers more deeply.Asian Metal Copyright I think maybe over one month later the market would be clearer as the consumers would used up the material they held and come back again.Asian Metal Copyright While for the time being, we are still waiting as consumers would keep chewing their material in hand in the coming weeks.Asian Metal Copyright We can negotiate with the buyers more deeply.Asian Metal Copyright I think maybe over one month later the market would be clearer as the consumers would used up the material they held and come back again.Asian Metal Copyright"The market is moving very slowly at the moment in Japan, although the offered price went up slightly by about $20kg recently.Asian Metal Copyright" Presently, the smelter is only operating at half of its production capacity on a basis of 20tpy for 4N and 100tpy for 6N.Asian Metal CopyrightIn view of the coming fiscal month in April, the source thought consumers would be prudent to purchase considering the high prices.Asian Metal Copyright

Although Chinese suppliers said that the demand from the domestic permanent magnet stimulates the gallium market, the source felt it is impossible. "As far as I know, the demand from that industry is just very small, maybe just over ten tonnes every year.Asian Metal CopyrightThe source commented, "Compared with Chinese suppliers, we are more closer with Japanese consumers.Asian Metal Copyright "

The source thought the market this year would not be so good as last year in view of the slow growth rate for cellphone. "Last year, the output of cellphone rose by 8-9% , while it is expected to be only 3-4% this year.Asian Metal Copyright And due to the different quantity of impurity, the price of gallium metal 4N ranges between $300kg and $340kg.Asian Metal Copyright As a major consumption industry, it would lead to the decrease of gallium metal demand, "commented the source.Asian Metal CopyrightThe source commented, "Compared with Chinese suppliers, we are more closer with Japanese consumers.Asian Metal Copyright

In view of the coming fiscal month in April, the source thought consumers would be prudent to purchase considering the high prices.