Firm prices in Chinese crude indium market
2023-03-17 07:49:36 [Print]
BEIJING (Asian Metal) 17 Mar 23 - Chinese crude indium 99%min market saw tight supply over the past week and most producers still held limited stocks in rest days of this week. Currently, the mainstream prices of Chinese crude indium 99%min hover at RMB1,360-1,390/kg (USD197-201/kg) EXW D/P, in line with early this week. Considering that most producers insist on their prices with no selling press, insiders believe that the mainstream prices of Chinese crude indium 99%min would stay stable in the coming week.
A South-China-based producer disclosed that they insist on RMB1,365/kg (USD198/kg) EXW D/P for crude indium 99%min at present even for firm bids and have no plan to sell in rest days of this week given that they last sold around 3t early this week at RMB1,365/kg (USD198/kg) EXW D/P and hold limited stocks now. They prefer to watch the market within this week and would not offer actively. The source said, "We forecast that the prevailing prices of Chinese crude indium 99%min would stay steady in the coming week in view of firm prices from producers now."
The producer, based on a production capacity of 100tpy of crude indium 99%min, expects to produce around 4t this month, up by about 1t from last month. They hold around 2t of stocks now, down by about 3t from the end of February. They produced 38t in 2022 and around 5t so far in 2023.
A consumer in Southern China mentioned that they last purchased around 600kg of crude indium 99%min at RMB1,360/kg (USD197/kg) EXW D/P early this week from a regular supplier, who still could accept RMB1,360/kg (USD197/kg) EXW D/P now, while did not hold any stock. They would like to build more stocks but the market sees tight supply. "As the price of indium ingot 99.995%min producers stay stable, we expect that the prevailing prices of Chinese crude indium 99%min would remain unchanged though the market remains tight supply from producers now."
The consumer, with a consumption capacity of 120tpy of crude indium 99%min, expects to consume about 4t this month, unchanged from last month. They hold no stock now, in line with the end of last month. They consumed around 30t in 2022 and around 8t till now in 2023.
A South-China-based producer disclosed that they insist on RMB1,365/kg (USD198/kg) EXW D/P for crude indium 99%min at present even for firm bids and have no plan to sell in rest days of this week given that they last sold around 3t early this week at RMB1,365/kg (USD198/kg) EXW D/P and hold limited stocks now. They prefer to watch the market within this week and would not offer actively. The source said, "We forecast that the prevailing prices of Chinese crude indium 99%min would stay steady in the coming week in view of firm prices from producers now."
The producer, based on a production capacity of 100tpy of crude indium 99%min, expects to produce around 4t this month, up by about 1t from last month. They hold around 2t of stocks now, down by about 3t from the end of February. They produced 38t in 2022 and around 5t so far in 2023.
A consumer in Southern China mentioned that they last purchased around 600kg of crude indium 99%min at RMB1,360/kg (USD197/kg) EXW D/P early this week from a regular supplier, who still could accept RMB1,360/kg (USD197/kg) EXW D/P now, while did not hold any stock. They would like to build more stocks but the market sees tight supply. "As the price of indium ingot 99.995%min producers stay stable, we expect that the prevailing prices of Chinese crude indium 99%min would remain unchanged though the market remains tight supply from producers now."
The consumer, with a consumption capacity of 120tpy of crude indium 99%min, expects to consume about 4t this month, unchanged from last month. They hold no stock now, in line with the end of last month. They consumed around 30t in 2022 and around 8t till now in 2023.
