According to unofficial market feedback obtained by SMM, it is reported that a recent public auction of around 1 tonne of 4N gallium by East Hope Sanmenxia Aluminum Co., Ltd. was successfully concluded. After the final auction and negotiation, the transaction price was around RMB 1,595 per kg.
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Market rumours suggest that the actual volume sold may not have reached 1 mt. Market sources indicated that the tender base price for this batch of 4N gallium from East Hope Sanmenxia Aluminum was RMB 1,500 per kg. The final transaction price was around RMB 1,595 per kg, which was relatively stable compared to the previous tender.
However, if the entire quantity was not sold, this also indicates that the market's consumption capacity has been weak recently, with buyers showing some fatigue in purchasing. On the other hand, it also suggests that manufacturers may continue to accelerate shipments and reduce inventory as Q3 comes to an end, i.e., after September.
From the end-user perspective, downstream demand, including for magnetic materials, remains sluggish, and the demand for semiconductor materials is still weak. The supply-demand dynamics continue to exert pressure on prices, and this situation may persist for some time.
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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