Indium Market Report November 2015
2015-12-16 17:11:08 【Print】
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In November, the mainstream price for domestic indium ingot 99
. 99%min halted the downward trend that had lasted for ten consecutive months, rebounding mid-month. However, the price in the spot market was only increasing for a day or two before it fell back again due to lack of support; finally, the transaction price could be found hovering around RMB1,350/kg (USD212/kg) . The lack of support for prices could be mainly attributed to demand from end-users, which remained sluggish . The market inventory was abundant and, although the government reserved 100t,this helped little in reducing the pressure from burgeoning stocks . According to the statistics from Asian Metal, China produced 51 . 6t of indium ingots in total during October 2015, down by 18 . 2% MOM from the figure of 63 . 1t in September . In particular, Hunan produced 16 . 5t, which accounted for 32% of the total output, Yunan produced 16t (31%), Guangxi 9t (17 . 4%) and Guangdong 4t (7 . 75%) . The operating rate was 2 . 07% in October and there were 546t in inventory at the end of the month.