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.












