Indium Market Report April 2013
2013-05-29 09:00:32 【Print】
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The Chinese indium metal market went down in April due to inactive deals in the market
. Prices of indium ingot 99.99%min decreased from RMB3,660-3,760/kg (USD598-614/kg) VAT included to RMB3,610-3,710/kg (USD590-606/kg) VAT included in the early and middle days of the month . Market participants lacked confidence on the market and thought investors provided supports to the market . The investors influenced the market in some extent. The dealing price was at around RMB3,650/kg (USD596/kg) VAT included at the end of the month . End users preferred to make purchases by hand-to-mouth . Market participants could not be sure what the market trend in the near future as some uncertainties exist in the market, such as purchases from investors . Moreover, overseas markets experienced few variations as demand didn’t rebound as expected in April . Deals in the spot market remained few and few expected the market could go up in the near future .