Chinese indium ingot prices stabilized
2023-03-16 08:26:47 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Chinese indium ingot 99.995%min market witness inactive deals early this week considering that most downstream consumers only purchased from hand to mouth with soft demand. Driven by firm prices of crude indium 99%min, the current mainstream prices of Chinese indium ingot 99.995%min stand at RMB1,420-1,470/kg (USD206-213/kg) EXW D/P, in line with the beginning of this week. Insiders believe that the prevailing prices of Chinese indium ingot 99.995%min would stay unchanged within this week given that most producers just keep the prices stable with wait-and-see attitudes.
A producer in Southern China noted that they offer RMB1,470/kg (USD213/kg) EXW D/P for indium ingot 99.995%min at present and could accept RMB1,460/kg (USD211/kg) EXW D/P at lowest even for firm bids, unchanged from early this week, while they failed to close any deal since this Monday. They last sold around 2.2t at RMB1,470/kg (USD213/kg) EXW D/P in the middle of last week. As the price of crude indium 99%min stays firm at RMB1,410/kg (USD204/kg) EXW D/P now, they have no plan to lower the price further to compete for orders. The source said, "We forecast that the mainstream prices of Chinese indium ingot 99.995%min would remain stable in rest days of this week in view of firm prices of raw materials, while soft demand from consumers now."
Having a production capacity of 120tpy of indium ingot 99.995%min, the producer expects to produce around 10t in March, up by about 3t from last month. They keep holding around 20t of stocks. They produced about 100t in 2022 and around 14t in the past two months in 2023.
A trader in Southern China disclosed that they insist on RMB1,470/kg (USD213/kg) EXW D/P for indium ingot 99.995%min presently even for regular consumers and also refused to lower the price early this week. They last sold around 200kg at RMB1,470/kg (USD213/kg) EXW D/P late last week and kept holding wait-and-see attitudes till now. "We are of the opinion that the mainstream prices of Chinese indium ingot 99.995%min would stay steady in the upcoming week as we could not bid any lower price and also our consumers could not accept any higher price with soft demand now," the source said.
The trader, based on a regular monthly trading volume of 200kg of indium ingot 99.995%min, expects to sell around 200kg this month, unchanged from February. They hold no stock now, down by about 200kg from the end of last month. They sold around 4t in 2022 and around 400kg so far in 2023.
A producer in Southern China noted that they offer RMB1,470/kg (USD213/kg) EXW D/P for indium ingot 99.995%min at present and could accept RMB1,460/kg (USD211/kg) EXW D/P at lowest even for firm bids, unchanged from early this week, while they failed to close any deal since this Monday. They last sold around 2.2t at RMB1,470/kg (USD213/kg) EXW D/P in the middle of last week. As the price of crude indium 99%min stays firm at RMB1,410/kg (USD204/kg) EXW D/P now, they have no plan to lower the price further to compete for orders. The source said, "We forecast that the mainstream prices of Chinese indium ingot 99.995%min would remain stable in rest days of this week in view of firm prices of raw materials, while soft demand from consumers now."
Having a production capacity of 120tpy of indium ingot 99.995%min, the producer expects to produce around 10t in March, up by about 3t from last month. They keep holding around 20t of stocks. They produced about 100t in 2022 and around 14t in the past two months in 2023.
A trader in Southern China disclosed that they insist on RMB1,470/kg (USD213/kg) EXW D/P for indium ingot 99.995%min presently even for regular consumers and also refused to lower the price early this week. They last sold around 200kg at RMB1,470/kg (USD213/kg) EXW D/P late last week and kept holding wait-and-see attitudes till now. "We are of the opinion that the mainstream prices of Chinese indium ingot 99.995%min would stay steady in the upcoming week as we could not bid any lower price and also our consumers could not accept any higher price with soft demand now," the source said.
The trader, based on a regular monthly trading volume of 200kg of indium ingot 99.995%min, expects to sell around 200kg this month, unchanged from February. They hold no stock now, down by about 200kg from the end of last month. They sold around 4t in 2022 and around 400kg so far in 2023.
