Chinese crude indium prices increased
2024-03-08 08:24:14 [Print]
BEIJING (Asian Metal) 8 Mar 24 - Most Chinese crude indium 99%min suppliers lifted their prices encouraged by limited stocks over the past week and the downstream still held watchful attitudes. Therefore, the current mainstream prices of Chinese crude indium 99%min climbed to RMB1,850-1,900/kg (USD257-264/kg) EXW D/P, up by RMB40/kg (USD5.56/kg) from late last week. Insiders forecasted that the mainstream prices of Chinese crude indium 99%min would remain steady in the upcoming days given that most producers had no intention to lower prices supported by limited stocks.
A producer in Yunnan disclosed that they had no intention to sell crude indium 99%min prices lower than RMB1,900/kg (USD264/kg) EXW D/P now, while they could accept the price as low as RMB1,850/kg (USD257/kg) one week ago. They last sold around 2t at RMB1,835/kg (USD255/kg) EXW D/P early last month. "We resumed the production early last week and had no output in February, so we had no intention to sell at lower prices", said the producer. They believed that the prevailing prices of Chinese crude indium 99%min would keep firm in the upcoming days supported by limited stocks held by producers.
The producer, with a production capacity of 100tpy of crude indium 99%min, expected to produce around 3t this month, in line with last month. They hold no stocks presently, in line with the end of last month. They produced about 45.5t in 2022 and around 32t in 2023.
Another producer in Hebei mentioned that that they refused to sell crude indium 99%min at prices lower than RMB1,930/kg (USD268/kg) EXW D/P at the moment, while they considered selling at the price as low as RMB1,880/kg (USD261/kg) late last week. "We last sold around 2t at RMB1,840/kg (USD256/kg) before the Spring Festival", said the producer. Given that they held limited stocks, they stayed in no hurry to sell at present and believed that the mainstream prices of Chinese crude indium 99%min would show a firm trend in the upcoming days.
The producer, with a production capacity of 40tpy of crude indium 99%min, expected to produce around 3t this month, in line with last month. They hold 1t of stocks presently, unchanged from the end of last month. They produced about 26t in 2022 and almost 33t in 2023.
A producer in Yunnan disclosed that they had no intention to sell crude indium 99%min prices lower than RMB1,900/kg (USD264/kg) EXW D/P now, while they could accept the price as low as RMB1,850/kg (USD257/kg) one week ago. They last sold around 2t at RMB1,835/kg (USD255/kg) EXW D/P early last month. "We resumed the production early last week and had no output in February, so we had no intention to sell at lower prices", said the producer. They believed that the prevailing prices of Chinese crude indium 99%min would keep firm in the upcoming days supported by limited stocks held by producers.
The producer, with a production capacity of 100tpy of crude indium 99%min, expected to produce around 3t this month, in line with last month. They hold no stocks presently, in line with the end of last month. They produced about 45.5t in 2022 and around 32t in 2023.
Another producer in Hebei mentioned that that they refused to sell crude indium 99%min at prices lower than RMB1,930/kg (USD268/kg) EXW D/P at the moment, while they considered selling at the price as low as RMB1,880/kg (USD261/kg) late last week. "We last sold around 2t at RMB1,840/kg (USD256/kg) before the Spring Festival", said the producer. Given that they held limited stocks, they stayed in no hurry to sell at present and believed that the mainstream prices of Chinese crude indium 99%min would show a firm trend in the upcoming days.
The producer, with a production capacity of 40tpy of crude indium 99%min, expected to produce around 3t this month, in line with last month. They hold 1t of stocks presently, unchanged from the end of last month. They produced about 26t in 2022 and almost 33t in 2023.
