The tender for metal gallium by Sanmenxia Aluminum Industry was successfully concluded [reported by SMM Gallium]

SMM July 14 News: According to unofficial market feedback obtained by SMM, it is rumored that Sanmenxia Aluminum Industry Co., Ltd. recently conducted a successful public auction sale of approximately 1 mt of 4N gallium under its banner. After the final auction and price negotiation, the transaction price was around 1,650 yuan/kg. The actual transaction volume was approximately 1 mt. Market sources indicated that the base price for the tender of this batch of 4N gallium from Sanmenxia Aluminum Industry was 1,600 yuan/kg. The final transaction price, at around 1,650 yuan/kg, was still lower than the previous tender's transaction price, but it remained significantly higher than the starting price. On one hand, this indicates that the market's consumption capacity has been stable recently, albeit with a slight sign of fatigue. On the other hand, it also suggests that manufacturers still have the intention to continue shipping and reducing inventory after entering July. From the perspective of the terminal situation, downstream demand, including that for magnetic materials, remains sluggish. The fundamental market conditions are still poor, and the supply-demand pattern continues to exert pressure on prices. This situation is likely to persist for some time.