【SMM Spot Weekly Review: Gallium Market Transactions are Light】Recentl

Published: Aug 4, 2023 13:39

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【SMM Spot Weekly Review: Gallium Market Transactions are Light】Recently, the overall transaction of gallium market has become deserted. After the detailed regulations of export control officially implemented from August 1st, market participants generally reflect that the bearish sentiment of domestic terminal continues to rise, and the buying enthusiasm has entered into the wait-and-see state again, and terminal manufacturers purchase on demand with strong desire for price reduction. The supply side also said that the shipment is not smooth at present, and the trend of price reduction is still continuing. By the end of this week, the average price of SMM 4N gallium is 1775 yuan/kg, which is unchanged from the previous week. The average price of 6N gallium is 2375 yuan/kg, and the average price of 7N gallium is 2625 yuan/kg, both of which are slightly lower than the previous week.

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