Indium Market Report May 2013
2013-06-17 09:14:10 【Print】
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Influenced by the investment demand, the Chinese indium ingot market went up in the month. Market participants noted that stimulated by investors’ purchases, the indium ingot market turned better a bit in the early and middle days of May, compared with that of last month. Prices of indium ingot 99.99%min began to increase gradually in the later of the month from RMB3,600-3,700/kg (USD587-603/kg) VAT included to USD3,750-3,850/kg (USD612-628/kg) VAT included. Although prices rebounded, some suppliers noted that their deals didn’t increase obviously. End users were cautious to buy and preferred to watch the market. Sources noted that it was hard to say what the market would be in the near future for they are unsure when the investors will come to the market to buy due to their speculation behaviors. If investors continue to make purchases, prices of indium will go up further. Overseas markets continued to see few variations in May. Demand showed no recover signs and prices kept stable. Market participants revealed that the market would be unlikely to go up in the near term as demand shows no any signs of recovery.
