Chinese indium ingot prices keep firm
2023-03-31 07:42:33 [Print]
BEIJING (Asian Metal) 31 Mar 23 - Chinese indium ingot 99.995%min producers generally insist on their prices supported by tight supply of crude indium 99%min and the market saw inactive deals over the past week in view that most downstream consumers refused to build more stocks. Currently, the mainstream prices of Chinese indium ingot 99.995%min hover at RMB1,420-1,470/kg (USD206-214/kg) EXW D/P, unchanged from early this week. Market participants believe that the prevailing prices of Chinese indium ingot 99.995%min would stay firm in the coming week considering that most producers refuse to lower the price presently.
A South-China-based producer disclosed that they offer RMB1,450/kg (USD211/kg) EXW D/P for indium ingot 99.995%min at present and could not lower the price even for firm bids, unchanged from early this week. They have no plan to move down the price within this week as they difficult to buy crude indium 99%min in view of tight supply in the spot market. They last sold around 2t at RMB1,450/kg (USD211/kg) EXW D/P early this week and earlier sold around 3.1t at the same price last week. The source said, "Given that most suppliers of crude indium 99%min insist on their prices, we forecast that the prevailing prices of Chinese indium ingot 99.995%min would also stay firm in the upcoming week."
The producer, based on a production capacity of 120tpy of indium ingot 99.995%min, expects to produce around 11.5t in March and produced about 10t last month. They keep holding around 25t of stocks now. They produced about 100t in 2022 and around 25t till now in 2023.
A trader in Southern China disclosed that they offer RMB1,470/kg (USD214/kg) EXW D/P for indium ingot 99.995%min now and refuse to sell below RMB1,460/kg (USD212/kg) EXW D/P for regular clients, the same as the beginning of this week, while did not close any deal since this Monday. They last sold around 200kg at RMB1,440/kg (USD209/kg) EXW D/P early last week and tend to stay the prices firm in the coming days of this week. "We are of the opinion that the prevailing prices of Chinese indium ingot 99.995%min would remain unchanged in the following week in view of firm prices of crude indium 99%min," the source said.
The trader, with a regular monthly trading volume of 1.5t of indium ingot 99.995%min, holds around 2.5t of stocks now, down by about 300kg from the end of last month. They expect to sell about 800kg this month and sold around 1t in February. They sold around 20t in 2022 and around 2.5t so far in 2023.
A South-China-based producer disclosed that they offer RMB1,450/kg (USD211/kg) EXW D/P for indium ingot 99.995%min at present and could not lower the price even for firm bids, unchanged from early this week. They have no plan to move down the price within this week as they difficult to buy crude indium 99%min in view of tight supply in the spot market. They last sold around 2t at RMB1,450/kg (USD211/kg) EXW D/P early this week and earlier sold around 3.1t at the same price last week. The source said, "Given that most suppliers of crude indium 99%min insist on their prices, we forecast that the prevailing prices of Chinese indium ingot 99.995%min would also stay firm in the upcoming week."
The producer, based on a production capacity of 120tpy of indium ingot 99.995%min, expects to produce around 11.5t in March and produced about 10t last month. They keep holding around 25t of stocks now. They produced about 100t in 2022 and around 25t till now in 2023.
A trader in Southern China disclosed that they offer RMB1,470/kg (USD214/kg) EXW D/P for indium ingot 99.995%min now and refuse to sell below RMB1,460/kg (USD212/kg) EXW D/P for regular clients, the same as the beginning of this week, while did not close any deal since this Monday. They last sold around 200kg at RMB1,440/kg (USD209/kg) EXW D/P early last week and tend to stay the prices firm in the coming days of this week. "We are of the opinion that the prevailing prices of Chinese indium ingot 99.995%min would remain unchanged in the following week in view of firm prices of crude indium 99%min," the source said.
The trader, with a regular monthly trading volume of 1.5t of indium ingot 99.995%min, holds around 2.5t of stocks now, down by about 300kg from the end of last month. They expect to sell about 800kg this month and sold around 1t in February. They sold around 20t in 2022 and around 2.5t so far in 2023.
