Chinese crude indium prices soften
2023-04-25 08:30:47 [Print]
BEIJING (Asian Metal) 25 Apr 23 - The current prevailing prices of Chinese crude indium 99%min hover at RMB1,350-1,370/kg (USD196-199/kg) EXW D/P, a decrease of RMB10/kg (USD1.45/kg) from early last week. As most indium ingot 99.995%min producers in China hardly to close deals due to inactive inquiries, crude indium 99%min producers also accept lower prices for firm bids, while most of them still insist on their current offers with limited stocks now. Market participants believe that the mainstream prices of Chinese crude indium 99%min would stay stable in the coming week due to firm prices from producers now.
A South-China-based consumer stated that they last purchased around 900kg of crude indium 99%min at RMB1,350/kg (USD196/kg) EXW D/P late last week from a supplier, who still refused to sell below RMB1,370/kg (USD199/kg) EXW D/P early April. The source said, "we would not build more stock of crude indium 99%min at the current price as we could not sell more indium ingot 99.995%min due to limited deals in the spot market now." They expect that the mainstream prices of Chinese crude indium 99%min would keep stable in the upcoming week supported by firm prices from producers presently.
The consumer, with a consumption capacity of 120tpy of crude indium 99%min, holds around 3t of stocks now, while did not hold any stock at the end of March. They expect to consume about 4t this month, almost the same as last month. They consumed about 30t in 2022 and almost 12t so far in 2023.
"We last purchased around 2t of crude indium 99%min totally last week, and around 1t at RMB1,250/kg (USD181/kg) Ex-vat EXW D/P and another 1t at RMB1,240/kg (USD180/kg) Ex-vat EXW D/P late last week," another consumer in southern China disclosed, adding that their regular suppliers still insist on RMB1,250/kg (USD181/kg) Ex-vat EXW D/P for crude indium 99%min now. However, they could not bid crude indium 99%min anywhere below RMB1,260/kg (USD183/kg) Ex-vat EXW D/P one week ago. They believe that the mainstream prices of Chinese crude indium 99%min would remain stable in the following week supported by unchanged prices from producers now.
The consumer, having a consumption capacity of 96tpy of crude indium 99%min, expects to consume about 3t this month, the same as last month. They hold no stock now, in line with the end of last month.
A South-China-based consumer stated that they last purchased around 900kg of crude indium 99%min at RMB1,350/kg (USD196/kg) EXW D/P late last week from a supplier, who still refused to sell below RMB1,370/kg (USD199/kg) EXW D/P early April. The source said, "we would not build more stock of crude indium 99%min at the current price as we could not sell more indium ingot 99.995%min due to limited deals in the spot market now." They expect that the mainstream prices of Chinese crude indium 99%min would keep stable in the upcoming week supported by firm prices from producers presently.
The consumer, with a consumption capacity of 120tpy of crude indium 99%min, holds around 3t of stocks now, while did not hold any stock at the end of March. They expect to consume about 4t this month, almost the same as last month. They consumed about 30t in 2022 and almost 12t so far in 2023.
"We last purchased around 2t of crude indium 99%min totally last week, and around 1t at RMB1,250/kg (USD181/kg) Ex-vat EXW D/P and another 1t at RMB1,240/kg (USD180/kg) Ex-vat EXW D/P late last week," another consumer in southern China disclosed, adding that their regular suppliers still insist on RMB1,250/kg (USD181/kg) Ex-vat EXW D/P for crude indium 99%min now. However, they could not bid crude indium 99%min anywhere below RMB1,260/kg (USD183/kg) Ex-vat EXW D/P one week ago. They believe that the mainstream prices of Chinese crude indium 99%min would remain stable in the following week supported by unchanged prices from producers now.
The consumer, having a consumption capacity of 96tpy of crude indium 99%min, expects to consume about 3t this month, the same as last month. They hold no stock now, in line with the end of last month.
