Monthly Indium Market Report Aug 2019
2019-09-06 14:34:01 【Print】
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1.Market Highlights
Chinese indium ingot 99.99%min market kept quiet in August as both suppliers and consumers held wait-and-see attitudes especially after learning that more than 18,000t of Antimony ingot involved in Fanya illegal fundraising case would be auctioned at around 80% of the current price on 31 August. Market participants lacked of confidence about future market because they were worried that around 3,600t of indium ingot 99.99%min stocks involved in Fanya would be auctioned in rest days of 2019.
Overseas buyer also kept watching the market and refusing to buy in August, so the export market saw few deals in August.
In August, both European and American indium ingot 99.99%min market remained quiet as market participants generally kept far away from the spot market in view of the summer vacation.
Chinese indium ingot 99.99%min market kept quiet in August as both suppliers and consumers held wait-and-see attitudes especially after learning that more than 18,000t of Antimony ingot involved in Fanya illegal fundraising case would be auctioned at around 80% of the current price on 31 August. Market participants lacked of confidence about future market because they were worried that around 3,600t of indium ingot 99.99%min stocks involved in Fanya would be auctioned in rest days of 2019.
Overseas buyer also kept watching the market and refusing to buy in August, so the export market saw few deals in August.
In August, both European and American indium ingot 99.99%min market remained quiet as market participants generally kept far away from the spot market in view of the summer vacation.
