Indium price drops
2005-09-07 10:14:38 【Print】
BEIJING (Asian Metal) 7 Sep 05 - The indium price has dropped due to weak demand, despite that many smelters are still insisting on the previous quotation, with no orders concluded.
An official from a China-based smelter claimed that the concluded price had decreased from RMB8,600-8,700/kg in late August to RMB8,450-8,500/kg, down by RMB200/kg.
Late August, the smelter concluded 250kg of indium 99.995%min for RMB8,700/kg to a domestic trader, while early in September, they concluded 230kg of indium 99.995%min at RMB8,500/kg.
The smelter has not received any inquiries for the past two weeks. However, the source is still optimistic about the future market, saying the sluggish market is temporary and will not last long.
"We haven't concluded any other orders since early August when we concluded some orders at USD980/kg," said an official from a China-based trading company.
Japanese clients make no move to the company's offers, so do European and American customers. The market is in a state of confrontation, as smelters are not eager to sell and they still quote as high as RMB9,000/kg [USD988/kg].
According to the source, under the superficial of confrontation is that the concluded price has dropped to around USD950/kg for indium 99.995%min.
