The tender for one mt (metal content) of gallium by Sanmenxia Aluminum Industry was reportedly successfully concluded [SMM Gallium Report]

SMM News on July 2: According to unofficial market feedback obtained by SMM, it was rumored that Sanmenxia Aluminum Industry Co., Ltd. successfully conducted a public auction sale of 1 mt of 4N gallium under its banner today. After the auction and price negotiation, the transaction price was around 1,680 yuan/kg. The actual transaction volume was 1 mt. Market sources indicated that the base price for the tender of this batch of 4N gallium from Sanmenxia Aluminum Industry remained at 1,650 yuan/kg. The final transaction price of around 1,680 yuan/kg was also in line with the previous tender transaction price. On one hand, this indicates that the market's consumption capacity has remained stable recently. On the other hand, it also suggests that producers may continue to ship goods and reduce inventory after entering July. Recently, from the perspective of the terminal market, downstream demand, including that for magnetic materials, has been weak. However, some market participants believe that new production lines of gallium producers may release a certain amount of capacity around month-end. With the arrival of Q3, the market's fundamentals remain poor, and the supply-demand pattern still exerts pressure on prices. This situation may persist for some time.