Rumor Has It East Hope Sanmenxia Aluminum's Metal Gallium Tender Concludes Successfully [SMM Gallium Report]

SMM August 27 News: According to unofficial market feedback obtained by SMM, it is reported that a recent public auction of around 1 mt of 4N gallium by East Hope Sanmenxia Aluminum Co., Ltd. was successfully concluded. After the final auction and negotiation, the transaction price was around 1,595 yuan/kg. Market rumors 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 1,500 yuan/kg. The final transaction price was around 1,595 yuan/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.