Chinese crude indium prices keep stable
2023-04-18 08:33:08 [Print]
BEIJING (Asian Metal) 18 Apr 23 - Chinese crude indium 99%min producers generally insisted on their prices with limited stocks over the past week and the market ran slowly. Currently, the mainstream prices of Chinese crude indium 99%min stand at RMB1,360-1,380/kg (USD198-201/kg) EXW D/P, the same as the end of last week. Considering that most producers refuse to lower the price with wait-and-see attitudes, insiders are of the opinion that the prevailing prices of Chinese crude indium 99%min would keep unchanged within this week.
A producer in Southern China noted that they offer RMB1,370/kg (USD199/kg) EXW D/P for crude indium 99%min now and refuse to sell below this price even for firm bids, the same as last week. As they would not have stocks for selling till the end of April, they tend to watch the market with firm offers in rest days of this month. They last sold around 2t at RMB1,370/kg (USD199/kg) EXW D/P last week. The source said, "Nothing changed in our consumers' demand and we forecast that the mainstream prices of Chinese crude indium 99%min would stay stable within this week."
The producer, based on a production capacity of 60tpy of crude indium 99%min, expects to produce around 3t this month, down by about 500kg from last month. They hold no stock presently, unchanged from the end of March. They produced about 48t in 2022 and around 10t in the past three months in 2023.
Another producer in Northern China disclosed that they insist on RMB1,380/kg (USD201/kg) EXW D/P for crude indium 99%min presently even for regular clients and tend to sell around 3t at the end of this week. They also refused to sell the material below RMB1,380/kg (USD201/kg) EXW D/P last week and last sold around 3t at this price at the end of March. "We believe that the prevailing prices of Chinese crude indium 99%min would remain steady in the following week due to tight supply from the spot market," the source said.
Having a production capacity of 40tpy of crude indium 99%min, the producer holds around 1t of stocks now, while did not hold any inventory at the end of last month. They expect to produce about 3t in April, unchanged from last month. They produced about 26t in 2022 and around 7t till now in 2023.
A producer in Southern China noted that they offer RMB1,370/kg (USD199/kg) EXW D/P for crude indium 99%min now and refuse to sell below this price even for firm bids, the same as last week. As they would not have stocks for selling till the end of April, they tend to watch the market with firm offers in rest days of this month. They last sold around 2t at RMB1,370/kg (USD199/kg) EXW D/P last week. The source said, "Nothing changed in our consumers' demand and we forecast that the mainstream prices of Chinese crude indium 99%min would stay stable within this week."
The producer, based on a production capacity of 60tpy of crude indium 99%min, expects to produce around 3t this month, down by about 500kg from last month. They hold no stock presently, unchanged from the end of March. They produced about 48t in 2022 and around 10t in the past three months in 2023.
Another producer in Northern China disclosed that they insist on RMB1,380/kg (USD201/kg) EXW D/P for crude indium 99%min presently even for regular clients and tend to sell around 3t at the end of this week. They also refused to sell the material below RMB1,380/kg (USD201/kg) EXW D/P last week and last sold around 3t at this price at the end of March. "We believe that the prevailing prices of Chinese crude indium 99%min would remain steady in the following week due to tight supply from the spot market," the source said.
Having a production capacity of 40tpy of crude indium 99%min, the producer holds around 1t of stocks now, while did not hold any inventory at the end of last month. They expect to produce about 3t in April, unchanged from last month. They produced about 26t in 2022 and around 7t till now in 2023.
