Gallium Market Report June 2012
2012-07-20 18:37:20 【Print】
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Chinese gallium market continued to be weak in June as the demand from downstream industries still does not show any sign of recovery
. The gallium prices moved down all the way . Most consumers still lacked confidence in the market as a result of the overall dim economy; therefore, they were unwilling to hold inventories in large volume and chose to make purchase for immediate use . The prices of Chinese gallium metal 99.99%min decreased from RMB2,000-2,200/kg (USD317-349/kg) in early June to RMB1,800-2,000/kg (USD286-317/kg) in late June with a 10% decrease throughout this month . As the LED industry still moves slowly at the moment, which leads to the weak demand for gallium metal 99 . 99%min, the gallium market will continue to be lackluster in July with some chances for gallium price moving down further .