Gallium Market Report November 2012
2012-12-12 09:46:00 【Print】
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The gallium metal market in China showed no fluctuations in November
. Since demand from downstream industry continues to be weak, few inquiries can be received in the spot market which leads to scarce deals further . Consumers have no intentions to replenish their stocks and keep watching the market . Producers of gallium metal 99 . 99%min stated that the prices will be unlikely to fluctuate in the near future as they have reached the bottom . They have no plans to lower their quotations to attract consumers and stimulate more deals to be concluded . The mainstream price of gallium metal 99.99%min stabilized at RMB1,700-1,900/kg (USD273-305/kg) in November, which hasn’t fluctuated from late September . Market participants express that since there is no potential impetus to push the market up, the gallium market will stay unchanged and prices of gallium metal will remain steady as well in the coming weeks .