Chinese indium ingot prices decline
2023-03-02 08:30:09 [Print]
BEIJING (Asian Metal) 2 Mar 23 - Discourage by soft demand from downstream consumers, Chinese indium ingot 99.995%min suppliers started to move down the prices to promote sales since early this week. Currently, the mainstream prices of Chinese indium ingot 99.995%min decline to RMB1,440-1,490/kg (USD209-217/kg) EXW D/P, down by RMB60/kg (USD8.73/kg) from the end of last week. Market participants believe that the prevailing prices of Chinese indium ingot 99.995%min would show a downtrend in the coming week in view of limited deals in the spot market.
A South-China-based producer noted that they offer RMB1,470/kg (US214D/kg) EXW D/P for indium ingot 99.995%min now and could accept RMB1,450/kg (USD211/kg) EXW D/P for firm bids, while they still insisted on RMB1,500/kg (USD218/kg) EXW D/P one week ago. They last sold around 500kg at RMB1,470/kg (USD214/kg) EXW D/P early this week and prefer to wait for consumers to bid in rest days of this week. The source said, "We hold no confidence about the market due to lower prices from producers, who keep in a hurry to decline the prices to compete for orders." They forecast that the mainstream prices of Chinese indium ingot 99.995%min would soften in the upcoming week.
The producer, having a production capacity of 200tpy of indium ingot 99.995%min, expects to produce about 8t this month and produced about 8t last month. They hold no stock now, in line with the end of last month. They produced about 100t totally in 2022 and around 16t so far in 2023.
Another producer in Southern China disclosed that they lowered the price of indium ingot 99.995%min to RMB1,435/kg (USD209/kg) EXW D/P at present and tend to accept RMB1,430/kg (USD208/kg) EXW D/P for firm bids, while they refused to sell below RMB1,450/kg (USD211/kg) EXW D/P last Friday. They last sold around 2t at RMB1,435/kg (USD209/kg) EXW D/P this Wednesday. "We are of the opinion that the mainstream prices of Chinese indium ingot 99.995%min would go down to RMB1,400/kg (USD204/kg) EXW D/P soon due to inactive buying activities from downstream consumers," the source said.
The producer, based on a production capacity of 300tpy of indium ingot 99.995%min, holds around 20t of stocks now, unchanged from late last month. They expect to produce around 20t this month, in line with last month. They produced about 120t in 2022 and about 20t till now in 2023.
A South-China-based producer noted that they offer RMB1,470/kg (US214D/kg) EXW D/P for indium ingot 99.995%min now and could accept RMB1,450/kg (USD211/kg) EXW D/P for firm bids, while they still insisted on RMB1,500/kg (USD218/kg) EXW D/P one week ago. They last sold around 500kg at RMB1,470/kg (USD214/kg) EXW D/P early this week and prefer to wait for consumers to bid in rest days of this week. The source said, "We hold no confidence about the market due to lower prices from producers, who keep in a hurry to decline the prices to compete for orders." They forecast that the mainstream prices of Chinese indium ingot 99.995%min would soften in the upcoming week.
The producer, having a production capacity of 200tpy of indium ingot 99.995%min, expects to produce about 8t this month and produced about 8t last month. They hold no stock now, in line with the end of last month. They produced about 100t totally in 2022 and around 16t so far in 2023.
Another producer in Southern China disclosed that they lowered the price of indium ingot 99.995%min to RMB1,435/kg (USD209/kg) EXW D/P at present and tend to accept RMB1,430/kg (USD208/kg) EXW D/P for firm bids, while they refused to sell below RMB1,450/kg (USD211/kg) EXW D/P last Friday. They last sold around 2t at RMB1,435/kg (USD209/kg) EXW D/P this Wednesday. "We are of the opinion that the mainstream prices of Chinese indium ingot 99.995%min would go down to RMB1,400/kg (USD204/kg) EXW D/P soon due to inactive buying activities from downstream consumers," the source said.
The producer, based on a production capacity of 300tpy of indium ingot 99.995%min, holds around 20t of stocks now, unchanged from late last month. They expect to produce around 20t this month, in line with last month. They produced about 120t in 2022 and about 20t till now in 2023.
