Indium market report December 2016
2017-01-24 18:01:29 【Print】
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Mainstream prices for Chinese indium ingot 99
. 99% moved up during December, driven by investment demand, while retreating slightly late in the month; transactions and enquiries between traders were the most active they had been all year; transaction prices at one point reached their peak for the year . In Q4, some plants were shut down due to the strict environmental protection policies, which resulted in a declining supply of indium ingots, while providing support for a rise in indium ingot prices . However, investment demand was capable only of driving prices up in the short term, whereas long-term downstream demand was still weak at the year-end; therefore, market participants were negative about the market outlook as prices won’t remain firm once investors withdraw their investment and sell at lower prices.