Chinese indium ingot prices stay unchanged
2023-04-20 08:21:54 [Print]
BEIJING (Asian Metal) 20 Apr 23 - Chinese indium ingot 99.995%min market ran slowly over the past week and most producers only insist on their prices with wait-and-see attitudes. Currently, the mainstream prices of Chinese indium ingot 99.995%min hover at RMB1,430-1,480/kg (USD207-215/kg) EXW D/P, unchanged from the end of last week. Considering that the crude indium 99%min supply keeps tight, most producers refuse to lower the price, and insiders are of the opinion that the mainstream prices of Chinese indium ingot 99.995%min would remain unchanged within this week.
A South-China-based producer noted that they offer RMB1,450/kg (USD210/kg) EXW D/P for indium ingot 99.995%min at present and refuse to sell below RMB1,440/kg (USD209/kg) EXW D/P for firm bids, unchanged from late last week, while did not close any deal over the past three days due to weak demand from consumers. They last sold around 2t at RMB1,450/kg (USD210/kg) delivered at the end of April D/P last week. The source said, "Over the past month, the market stayed so quiet and we believe that the prevailing prices of Chinese indium ingot 99.995%min would stay stable within this week supported by firm prices of crude indium 99%min now."
The producer, having a production capacity of 200tpy of indium ingot 99.995%min, expects to produce around 10t this month, unchanged from last month. They keep holding around 20t of stocks. They produced about 120t in 2022 and around 30t in the past three months in 2023.
Another producer in Southern China mentioned that they insist on RMB1,450/kg (USD210/kg) EXW D/P for indium ingot 99.995%min presently, the same as one week ago and tend to keep the prices firm in rest days of this week in view of tight supply of crude indium 99%min. They last sold around 1.5t at RMB1,450/kg (USD210/kg) EXW D/P early this week. "We forecast that the mainstream prices of Chinese indium ingot 99.995%min would keep unchanged in the coming week due to wait-and-see attitudes from both producers and consumers now," the source said.
The producer, with a production capacity of 150tpy of indium ingot 99.995%min, expects to produce about 8t this month, down by about 2t from last month. They hold no stock presently, unchanged MoM. They produced about 85t totally in 2022 and around 25t so far in 2023.
A South-China-based producer noted that they offer RMB1,450/kg (USD210/kg) EXW D/P for indium ingot 99.995%min at present and refuse to sell below RMB1,440/kg (USD209/kg) EXW D/P for firm bids, unchanged from late last week, while did not close any deal over the past three days due to weak demand from consumers. They last sold around 2t at RMB1,450/kg (USD210/kg) delivered at the end of April D/P last week. The source said, "Over the past month, the market stayed so quiet and we believe that the prevailing prices of Chinese indium ingot 99.995%min would stay stable within this week supported by firm prices of crude indium 99%min now."
The producer, having a production capacity of 200tpy of indium ingot 99.995%min, expects to produce around 10t this month, unchanged from last month. They keep holding around 20t of stocks. They produced about 120t in 2022 and around 30t in the past three months in 2023.
Another producer in Southern China mentioned that they insist on RMB1,450/kg (USD210/kg) EXW D/P for indium ingot 99.995%min presently, the same as one week ago and tend to keep the prices firm in rest days of this week in view of tight supply of crude indium 99%min. They last sold around 1.5t at RMB1,450/kg (USD210/kg) EXW D/P early this week. "We forecast that the mainstream prices of Chinese indium ingot 99.995%min would keep unchanged in the coming week due to wait-and-see attitudes from both producers and consumers now," the source said.
The producer, with a production capacity of 150tpy of indium ingot 99.995%min, expects to produce about 8t this month, down by about 2t from last month. They hold no stock presently, unchanged MoM. They produced about 85t totally in 2022 and around 25t so far in 2023.
