Indium Market Report July 2017

Chinese indium ingot 99.99%min prices started to move down continuously since early July and declined to RMB1,120-1,170/kg (USD167-174/kg) till late the month, hitting a record low so far in July.Asian Metal Copyright The Chinese indium ingot market continued the weakening tendency of June and was even quieter during the four trading weeks in July; smelting enterprises intended to make centralized sales under the capital and stock pressure in the middle of this year, and received aggressive discounts in quotations; however, the market witnessed still limited transactions mainly from traders who wanted to purchase at the lowest price, but demand from consumers was still relatively weak; market insiders continued to watch the market outlook from sidelines and indium prices are likely to break a new low in August.Asian Metal Copyright The Chinese indium ingot market continued the weakening tendency of June and was even quieter during the four trading weeks in July; smelting enterprises intended to make centralized sales under the capital and stock pressure in the middle of this year, and received aggressive discounts in quotations; however, the market witnessed still limited transactions mainly from traders who wanted to purchase at the lowest price, but demand from consumers was still relatively weak; market insiders continued to watch the market outlook from sidelines and indium prices are likely to break a new low in August.
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