Korean indium ingot prices to soften
2023-04-28 08:04:56 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Korean indium ingot 99.995%min market ran smoothly and most suppliers just keep the prices stable with wait-and-see attitudes. Currently, the mainstream prices of Korean indium ingot 99.995%min hover at USD200-205/kg delivered D/P, unchanged from last week. Market participants believe that the prevailing prices of Korean indium ingot 99.995%min would soften in the upcoming week as some suppliers tend to lower the prices to compete for orders.
A consumer in Korean disclosed that their regular suppliers tend to accept price below USD200/kg delivered D/P for indium ingot 99.995%min in the coming week, while most of the suppliers still insisted on USD200/kg delivered D/P early this week. They last purchased around 2t at USD200/kg delivered D/P last week and tend to watch the market in the coming two weeks with enough stocks now. The source said, "As most suppliers hardly to close more deals, we believe that the prevailing prices of Korean indium ingot 99.995%min would go down slightly in the coming week."
The consumer, based on a consumption capacity of 420tpy of indium ingot 99.995%min, holds around 100t of stocks now, almost the same as the end of last month. They expect to consume about 30t this month, in line with last month. They consumed about 300t in 2022 and around 90t so far in 2023.
A Korean producer stated that they hold bearish attitudes about indium ingot 99.995%min market and think that the prevailing prices of Korean indium ingot 99.995%min would soften in the coming week. They offer USD205/kg delivered D/P for indium ingot 99.995%min at present and could not accept any price even for firm bids now, the same as early this week, when they last sold around 2t at USD205/kg delivered D/P and sold almost 3t totally during this week. The source said, "The market stays quiet presently and we lost confidence about the market."
The producer, with a production capacity of 240tpy of indium ingot 99.995%min, holds no stock now, unchanged from the end of last month. They expect to produce about 8t in April, the same as March. They consumed around 100t in 2022 and around 24t so far in 2023.
A consumer in Korean disclosed that their regular suppliers tend to accept price below USD200/kg delivered D/P for indium ingot 99.995%min in the coming week, while most of the suppliers still insisted on USD200/kg delivered D/P early this week. They last purchased around 2t at USD200/kg delivered D/P last week and tend to watch the market in the coming two weeks with enough stocks now. The source said, "As most suppliers hardly to close more deals, we believe that the prevailing prices of Korean indium ingot 99.995%min would go down slightly in the coming week."
The consumer, based on a consumption capacity of 420tpy of indium ingot 99.995%min, holds around 100t of stocks now, almost the same as the end of last month. They expect to consume about 30t this month, in line with last month. They consumed about 300t in 2022 and around 90t so far in 2023.
A Korean producer stated that they hold bearish attitudes about indium ingot 99.995%min market and think that the prevailing prices of Korean indium ingot 99.995%min would soften in the coming week. They offer USD205/kg delivered D/P for indium ingot 99.995%min at present and could not accept any price even for firm bids now, the same as early this week, when they last sold around 2t at USD205/kg delivered D/P and sold almost 3t totally during this week. The source said, "The market stays quiet presently and we lost confidence about the market."
The producer, with a production capacity of 240tpy of indium ingot 99.995%min, holds no stock now, unchanged from the end of last month. They expect to produce about 8t in April, the same as March. They consumed around 100t in 2022 and around 24t so far in 2023.
